Businesses spent $384.2 billion on research and development in the United States in 2021, a 5% increase from 2020. Changes to the R&D credit in recent years have made it a valuable cash benefit to a broad spectrum of businesses, regardless of size or industry. However, the changes in the R&D credit rules this tax year will affect both profitable and pre-revenue businesses. Understanding how these changes will impact your client's business moving forward is critical.
Join Stephen Yarbrough (CPA, former IRS agent, and co-founder of Neo.Tax) and Taylor Schaude (former KPMG associate, head of partnerships at Neo.Tax) as they provide valuable insights on how to identify qualifying activities for the R&D tax credit. They will also explore how your client's business can effectively leverage the credit under the new rules and discuss the impact of R&D capitalization on cash flow. At the end of the webinar, you will have a clear understanding of how to navigate the changes to the R&D credit rules and how to use the R&D tax credit and R&D capitalization to benefit your client's business.
Learning Objectives:
Neo.Tax
Chief Tax Officer & Co-Founder
[email protected]
Stephen is the literal brain behind Neo.Tax, with over two decades of experience as a CPA and as a former IRS agent. As a co-founder and the Chief Tax Officer, he reviews the product, including its automation and machine learning, to ensure that it is consistent with current tax code, regulations, IRS guidance, and case law analysis. Stephen has an MS in Accounting from The University of Texas and resides in San Francisco.
Neo.Tax
Head of Partnerships & Business Development
[email protected]
Taylor runs Business Development & Partnerships at Neo.Tax. Previously, he was the Director of Investor Relations & Chief of Staff to the CEO at 500 Startups. At 500, he partnered with the firm’s executive team to manage strategic initiatives, investor relations, fundraising efforts, and later stage co-investments. Prior to his role in venture capital, he spent 8 years in management consulting primarily focusing on corporate development, audit, and strategic operations. Taylor has a BS in Management Information Systems from Auburn University and resides in San Francisco.