EDC Hosts April 29th
Conversation on R&D Tax Credits
Please join St. Croix EDC on Thursday, April 29th starting at 11:30 a.m. for an informative conversation on Research and Development Tax Credit opportunities with Valerie Fedie of Wipfli, LLP. Click here to register.
Based out of Wipfli’s Eau Claire office, Valerie is a market leader for western Wisconsin and northern Minnesota and oversees the firm’s research and development (R&D) tax consulting services. Valerie brings extensive knowledge in R&D tax credits to her tax consulting engagements. She consults with a wide range of companies to maximize their R&D tax credits, while also helping clients overcome challenges and leverage opportunities with new product and process improvements. She has particular expertise in R&D tax credit incentive projects, IRS Section 174 deductibility analysis, and federal and state audit defense support.
Changes to IRS regulations and recent developments now provide greater opportunities for companies to qualify for the credits. Definitions of R&D activities are broader, and as the list of qualifying activities grows, it is much easier for a wide array of companies to qualify many of their activities as R&D.
For many companies, the federal R&D tax credit has been a valuable tax planning opportunity since it became part of the tax code in 1981. The R&D tax credit provides a dollar-for-dollar reduction in tax liability, allowing companies of all sizes to reduce their taxes and increase cash flow, yet the R&D tax credit is still often overlooked.
During the EDC webinar, attendees will gain a solid understanding of the R&D tax credit as well as the enhanced opportunities for companies to qualify.
The webinar is not only intended for business owners, presidents, CEOs, CFOs, and controllers, but also for bankers and other advisors to business owners so they are aware of the opportunities many companies are not taking advantage of. To maximize the benefit of the webinar, we also recommend including operations executives directly involved in R&D related to both product development and process development or improvement activities.