This course provides an in-depth analysis of the legislative & judicial framework surrounding Section 174, focusing on the implications for manufacturing and engineer-to-order companies. Attendees will learn about the tax treatments available for R&D costs, the specific challenges manufacturing and engineer-to-order companies face under current tax law, and best practices for approaching Section 174. The presentation will explore current legislative stagnation and offer strategic compliance and tax planning recommendations. Common misconceptions/mistakes that have long-term negative consequences for the taxpayer are addressed so they can be avoided. By evaluating case studies and legislative text, participants will better understand how these changes affect R&D taxation and, most importantly, be pleased to learn that 174 does not affect engineering performed under contract. In all, once Section 174 is correctly applied, it is unlikely that a company performing R&D would be in financial peril due to 174.
Learning Objectives:
Sycamore Growth Group
Founder and President
[email protected]
(614) 975-1280
Rick Kleban is the founder and president of Sycamore Growth Group, a Dublin, Ohio-based firm that specializes in helping small and medium-sized businesses, primarily manufacturing companies, attain and substantiate R&D tax credits. He assists companies in identifying eligible R&D expenses and oversees a talented team of professionals who substantiate how each underlying project and associated expenses meet the requirements of Section 41.
Sycamore Growth Group
Senior Analyst
[email protected]
James Bean is a senior analyst at Sycamore Growth Group. He specializes in investigating tax issues that affect Sycamore’s diverse clientele.