Big changes are here, and they're opening the floodgates for R&D tax credit refunds and catch-up deductions. With the recent passage of sweeping tax legislation, dubbed the 'One Big Beautiful Bill', the landscape for claiming the Research & Development (R&D) Tax Credit has changed dramatically. This is a must-attend session for CPAs and businesses engaged in innovation, product development, engineering, software, manufacturing, and more. We'll walk through a comprehensive overview of the R&D Tax Credit, from eligibility and benefit calculations to documentation strategies. More importantly, we'll dive into the critical updates under the latest law and how they unlock retroactive opportunities for taxpayers that were previously limited by cost capitalization requirements. Whether you're advising clients or managing internal tax strategy, this session will give you the clarity and tools to help unlock significant tax savings, fast.
Learning Objectives
• Determine how recent legislation impacts R&D Tax Credit eligibility, refund potential, and documentation strategies.
• Recognize key changes to R&D credit rules under the One Big Beautiful Bill.
• Identify qualifying R&D activities and expenses based on updated tax law criteria.
Major Topics
• A clear overview and historical context of the R&D Tax Credit
• The seismic impact of the latest tax law and how it reopens refund opportunities
• How to identify qualifying R&D activities under the updated rules
• Steps for calculating credits and building solid documentation
• Common pitfalls and red flags to avoid when filing claims
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