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The R&D Tax Credit: What’s New for 2023 and Beyond

THE R&D TAX CREDIT: WHAT'S NEW FOR 2023 AND BEYOND

Cost Free
Presentation Length 1.0 hour

Recorded DateJanuary 31, 2024
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

Navigating the complex world of the federal R&D tax credit has never been so challenging— or more vital. With increased scrutiny of the credit and eligible applications requiring additional due diligence, certified public accountants need to be informed —and supported—as much as possible to help their clients maximize their capture of the credit while maintaining compliance.

Join ADP’s Sanjiv Gaitonde (Senior Director of Tax) and Elizabeth Bowman (Senior Tax Manager) as they offer you the latest news and updates in the world of R&D tax credits and what’s ahead in 2023 and beyond. From R&D tax credit essentials to what’s changed and new in qualifying activities and allowable expenditures, this live, interactive class will offer key insights into what accountants need to know today about this tax credit that will help provide key insights to their clients tomorrow.

Learning Objectives:


  • Summarize a detailed analysis of the R&D tax credit 

  • Identify business alignment features and statutory pitfalls accountants need to know 

  • Outline a deep dive on the 174 Amortization and its implications 

  • Recognize what’s on the horizon for you and your clients: Strategic planning for maximum returns

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE

Sanjiv Gaitonde

ADP
Senior Director of Tax
[email protected]
(713) 939-6234

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Sanjiv has over 19 years of experience focused exclusively on Research and Development tax credit services. He has assisted firms of all sizes; from privately held startups to publicly traded, Fortune 500 companies; in identifying, calculating, and documenting their federal and state R&D tax credits, as well as defending those credits on examination by the IRS and/or state taxing authorities. Sanjiv’s experience spans across various industries, including, manufacturing, software, oil & gas, technology, engineering services, defense, aerospace, chemical, food & beverage, apparel, financial services, pharmaceutical, and retail & consumer products.

As a Senior Director within ADP’s Compliance Solutions business unit, Sanjiv works to develop partnerships with firms to provide value for their clients. He also helps educate taxpayers on the R&D credit and works to identify value added opportunities for them.

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Elizabeth Bowman has been with ADP for over 20 years and resides on ADP’s R&D Tax Credits team where she handles both client relations and production management/operations for a large client base over a wide range of industries. She was also part of the internal tax credits research team responsible for the organization’s federal and state proprietary incentives database for over a decade.

During her tenure with ADP, Elizabeth has worked extensively in credit and incentive legislation tracking, growing state credit business, managing R&D credit client relations and calculations, and leading various IRS and state credit audit defense projects. She is heavily involved with her R&D credit client base providing consultative services to maximize incentive benefits.
 

About Our Presenter

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At ADP®, we’re designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Benefits, Payroll and Compliance informed by data and designed for people.

With unmatched expertise and solutions, we partner with forward-thinking accounting professionals who value being essential to their clients' success. ADP offers accounting professionals’ the most flexible partner models, powered by quick & easy insights from the most complete set of solutions for your firm & your clients. All backed by dedicated expert support with a human touch. You'll also receive anytime access to your authorized client data, seamless general ledger integration and complimentary practice tools with our award-winning Accountant Connect platform.  Learn more at adp.com/accountant.