Learn How The Life Science Industry Can Maximize R&D Tax Credits and Properly Account For 174 Costs

Join this webinar and explore the R&D Tax Credit for the Life Sciences Industry, the impact of Section 174, and how to properly navigate the new Section 174 rules.

April 20th, 2023

10:00AM – 11:00AM CST / 11:00AM – 12:00PM EST

After registering, you will receive a confirmation email containing information about joining the webinar.

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Course Description:

Companies in the Life Science industry routinely develop unique solutions used as part of lab automation equipment, workflow management software, reagents, and consumable components for diagnostic testing. This makes the Life Science industry a fantastic market segment to explore the benefits of the R&D tax credit.

During this workshop, we will explore the R&D Tax Credit for the Life Sciences Industry and the impact of Section 174, plus how to properly navigate the new Section 174 rules.

Webinar Highlights:

Overview of R&D within the Life Sciences Industry

Properly accounting 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.