Maximizing Tax Benefits in Business
Tax services and credits are often changed, sometimes in ways that benefit businesses but only when we’re aware of those changes. In this episode, Randy Crabtree, CPA, discusses four areas of special services that could significantly impact how much your clients’ businesses – can save on taxes.
With more than 30 years of public accounting and tax consulting experience to his credit, Randy Crabtree has worked closely with top company executives on tax planning and preparation engagements. Prior to co-founding Tri-Merit, he was managing partner of a Certified Public Accounting firm. Randy regularly speaks at seminars and accounting conferences. He conducts CPE presentations around the country and has had numerous articles published on specialty tax subjects. Randy also hosts the accounting industry podcast, “The Unique CPA,” which keeps CPAs at the forefront of the changing face of public accounting by having conversations with fascinating leaders, and bringing you their stories, insights and advice.
"I can help identify some areas with some of your clients where there’s potential tax-saving opportunities."
What You'll Learn From This Episode:
- A peek at some upcoming shows
- Why it’s easier to qualify for R&D tax credits than you might think
- The four-part “test” to see if your clients qualify for R&D tax credits
- A look at what is not allowed in calculating the credit
- Some of the industries that qualify that might surprise you
- Some non-traditional areas that can qualify for the R&D credit
- Whether or not software development can qualify, and why
- How some businesses can receive hundreds of thousands of dollars in tax credits
- Some of the significant changes to the credit in recent years
- Information on start-up companies and R&D credit.
- Some of the reasons why this credit is more “user-friendly” now than it used to be
- Explaining cost-segregation, what it is and examples of how to make it work for you
- Important information on the energy efficient commercial building deduction
- How calculations for this deduction are made
- The two main users of this deduction