Content Provider
Ayming

Ea credits middle
Self-Study CPE
MISCLASSIFICATION OF WORKERS: THE BATTLE BETWEEN 1099 VS W-2
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TAXATION OF IRAs AT DEATH
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ESTATE PLANNING STRATEGIES FOR MEDIUM AND HIGH NET WORTH CLIENTS POST TCJA
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1099: BEYOND THE BASICS
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AFFORDABLE CARE ACT: INDIVIDUAL RIGHTS & RESPONSIBILITIES
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EARNED INCOME TAX CREDIT
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AFFORDABLE CARE ACT: EMPLOYER RIGHTS & RESPONSIBILITIES
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EDUCATION TAX BENEFITS
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EARNED INCOME TAX CREDIT DUE DILIGENCE
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TAX CUTS & JOBS ACT: INDIVIDUAL TAX PREPARATION
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Free cpece webinars
How the R&D Tax Credit Positively Impacts Small & Medium-Sized Client Cash Flow

HOW THE R&D TAX CREDIT POSITIVELY IMPACTS SMALL & MEDIUM-SIZED CLIENT CASH FLOW

Cost Free
CPE Credits 1.0 hour
CE Credits 1.0 hour
Course Id# - HURS9-T-00786-20-O
Subject Area Taxes (Federal Tax)
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

Small and medium-sized companies are a significant part of the United States economy, creating two-thirds of net new jobs and driving innovation and competitiveness. Growing a business eventually requires developing new products, technologies, systems, and sometimes even industries. This growth is vital to the success of your business. Challenges in 2020 such as attracting new business, cybersecurity, and now COVID-19’s impact on the economy are posing significant risks to small and medium-sized businesses.

Small businesses often face obstacles that their larger enterprise cousins don’t and must overcome barriers with fewer resources. The United States R&D tax credit is an extremely influential incentive, recently expanding to become even more influential for startups and small businesses. Despite the benefit, the incentive is still being overlooked by over 90% of eligible corporations in the United States. 

When advising your clients on how to navigate challenges this year and for years to come, it’s important to stay up to date on the changes to legislation and tax code that offer financial opportunity.  In the following webinar we’ll address:


  • The typical challenges faced by your clients today

  • Overview of the R&D tax credit and common misconceptions

  • How the R&D tax credit can help your clients address their challenges

  • How you can add value to your clients with your knowledge of the R&D claiming process


Learning Objectives:


  • Identify the typical client challenges in 2020

  • Define the overview of United States R&D tax credit

  • Identify the common misconceptions about the United States R&D tax credit

  • Recognize industry examples about United States R&D tax credit

  • Determine the R&D for small businesses

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Ayming

Thomas Folsom is the Managing Director and Country Manager of Ayming USA. For over fifteen years, Mr. Folsom has managed and implemented hundreds of R&D Tax Credit studies, including state and federal audits, to offer clients an unrivaled knowledge in the application of R&D law.

From boutique consultancies to large accounting firms, Mr. Folsom has worked with and represented Fortune 500 companies as well as small-Medium sized businesses, across a variety of industries.

In addition to these duties, Thomas is licensed to practice law in several states and federal jurisdictions, including the United States Tax Court. He was a core member of the team that developed the strategy and won U.S. v. McFerrin, as well as other central cases that would influence an update of code and regulation to expand qualifications for the credit that we still see today.

He joined Ayming USA in March of 2019 and leads a countrywide team of professionals based in Houston, Boston, Ohio, New York and LA.

Prominent Litigation Matters and Events

Thomas has been a part of:

  • United States v. McFerrin, 570 F.3d 672 (5th Cir. 2009)
  • Guest Speaker at Celebrating American Independence in Business in Madrid, in collaboration with the Centre for the Development of Industrial Technology (CDTI). There he shared insight on US tax incentives as well as unanticipated aspects of EU companies starting business in the US (such as private healthcare and the various states’ regulatory requirements)
  • Contributed to Ayming’s International Innovation Barometer, which outlined what to expect from the global R&D landscape in 2020
  • Participant/Educator in various CLE/CPE events across the country
  • Annual supporter of Open Dance Project – A Houston based dance company that not only brings dance to underprivileged schools, but teaches STEM through the art of dance

Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
Handout Materials
Presentation Slides
Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

Irs

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Ayming
Ayming is the leading international consultancy firm specialized in Business Performance. We constantly create and implement new ways to bring extra and authentic Sustainable Business Performance to our clients.

We advise the C-Suite across all industries and geographies on their critical issues and opportunities, supported by three major pillars: Operational Excellence, Employee Commitment and Innovation Management. 

After more than 30 years, we are still just as passionate about achieving better results for our clients. This is thanks to our consulting experience and an approach, which combines vision, hands-on action and the human touch.

We use our capabilities to help our customers make better business performance decisions, to save them time and money. This results in better outcomes for all their stakeholders, delivering tangible short- and long-term results through a multi-specialist approach. The success of the Ayming approach is reflected in our 90% client retention rate and our shared business performance model.

Ayming has a global footprint and the Group is present in 16 countries: Belgium, Canada, China, Czech Republic, France, Germany, the UK, Hungary, Italy, Japan, Netherlands, Poland, Portugal, Spain, Slovakia and USA with a staff of approximately 1,400. In 2017, it achieved a turnover of €157m .

The Ayming culture is defined by a positive attitude, one of trust, high levels of innovation, as well as employee engagement and organizational agility. We support our people by empowering them with trust so they can be successful in their professional lives.