How Software Companies Can Maximize R&D Tax Credits and Properly Account For 174 Costs
Join this webinar and explore the R&D Tax Credit for the Software Industry, the impact of Section 174, and how to properly navigate the new Section 174 rules.
May 11th, 2023
9:00AM – 10:00AM CST / 10:00AM – 11:00AM EST
After registering, you will receive a confirmation email containing information about joining the webinar.
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Course Description:
Software companies routinely design and develop new software components, applications, databases, and Internal Use Software.
Join this webinar and explore the R&D Tax Credit for the Software Industry, the impact of Section 174, and how to properly navigate the new Section 174 rules.
During this workshop, we will explore the R&D Tax Credit for the software industry and the impact of Section 174, plus how to properly navigate the new Section 174 rules.
In this webinar, participants will learn:
An overview of R&D within the Software Industry
How to properly account for these activities
Amortization of Section 174 impact and accurately accounting for those costs
How clients are managing with the new rules
The Speakers:
Michael Warady
Senior Strategic Director | Source Advisors
Michael Warady, CFP is a Regional Director at Source Advisors who has helped clients secure over $360 million in increased cash flow through incentive strategies such as the Research & Development Tax Credit, Inventory Tax Planning Strategies (LIFO), Cost Segregation and other negotiated and statutory incentive programs. Over the past 15 years, Michael’s clients have appreciated his consultative approach which has allowed them to realize significant increases in cash flow through various incentive opportunities. Michael is a Certified Financial Planner and holds Bachelor’s Degree in Economics from the University of Iowa.
Jordan Fazio
Director | Source Advisors
Jordan joined Source Advisors in 2015 and is a Director in the R&D Tax Credit Consulting department. His primary responsibilities include providing technical sales consulting to CPAs and companies looking for guidance on R&D tax credit potential and managing R&D tax credit projects. His experience includes eight years of market risk management, software development, and operations in OTC derivative markets. Jordan holds a Bachelors of Business Administration degree with a double major in Accounting and Finance from Grand Valley State University.