Please join BDO USA, LLP for a complimentary CPE-qualified breakfast briefing.
When it comes to research and development ("R&D") tax credits, retail may not be the first industry to come to mind. However, retailers often make investments eligible for significant R&D tax credits. In fact, according to the most recent IRS statistics the average federal R&D credit reported by Retail and Wholesale companies in 2012 is approximately $718,000. Many companies increase that number considerably, tacking on the "double dip" opportunities afforded by more than 40 states in the U.S. In addition, there has never been a better time to claim R&D tax credits for expenses related to software systems developed for supply chain management, customer interface or to be used "in-house." By maximizing these opportunities, retailers can generate sizeable tax savings, including generating cash today for their past and future investments.
Upon completion of this seminar, participants will be able to:
- Describe how R&D gets favorable tax treatment for Federal, State and Foreign credits claimed
- Identify at a high level the types of costs that qualify for the Federal R&D credit and the available methods for calculating R&D credits
- Recognize examples of specific areas within the industry where qualifying activities may take place
- Explain recent legislative and judicial changes to the treatment of R&D credits that may have significant impact on the industry
Delivery: Group Live
Advanced Prep: None
Credits: 2 CPE credits in the field of Tax
Program Level: Basic
BDO USA, LLP 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
Jonathan Forman, Principal – R&D Tax Services, Managing Director – R&D Global Centre of Excellence, BDO USA, LLP