Take Advantage in 2021 with Barry Devine

Randy talks to Barry Devine of Tri-Merit about the incredible opportunities available with the Employee Retention Credit, or ERC, in 2021. They explain the big changes that occurred with the two most recent stimulus bills—which expanded the amount of credit available to businesses—how any excess credit that exceeds payroll tax liability goes back into the business as cash, and talk about some potential interplays between ERC and other tax credits.

Important Links

Barry Devine on LinkedIn

Tri-Merit.com

ERC information at IRS.gov

About the Guest

Barry Devine, MBA, is a Regional Director at Tri-Merit who has spent more than 15 years advising clients on research and development (R&D) tax credit incentives. He has helped hundreds of companies successfully claim R&D tax credits and has saved taxpayers millions of dollars in federal and state research credits. He has extensive experience with building credits and incentives practices and his roles have included project management, developing project processes and deliverables, audit representation, software development and most recently, business development activities. Barry has experience in many industry sectors such as architecture and engineering, manufacturing, computer science and defense contractors.

Barry holds a bachelor’s degree from Loyola University New Orleans in psychology and marketing and an MBA in operations management/project management from Regis University in Denver, CO.

Fun Fact: Outside of work Barry spends his time enjoying the Colorado Mountains: Skiing, hiking, fishing and spending time with his wife and two kids.

Meet the Host

Randy Crabtree, CPA

randy.crabtree@tri-merit.com

Randy Crabtree

Randy Crabtree, co-founder and partner of Tri-Merit Specialty Tax Professionals, is a widely followed author, lecturer and podcast host for the accounting profession.

Since 2019, he has hosted the bi-weekly “The Unique CPA,” podcast, which ranks among the world’s 10% most popular programs (Source: Listen Score). You can find articles from Randy in Accounting Today’s Voices column, the AICPA Tax Adviser (Tax-saving opportunities for the housing and construction industries) and he is a regular presenter at conferences and virtual training events hosted by CPAmerica, Prime Global, Leading Edge Alliance (LEA), Allinial Global and several state CPA societies. Crabtree also provides continuing professional education to top 100 CPA firms across the country.

Schaumberg, Illinois-based Tri-Merit is a niche professional services firm that specializes in helping CPAs and their clients benefit from R&D tax credits, cost segregation, the energy efficient commercial buildings deduction (179D), the energy efficient home credit (45L) and the employee retention credit (ERC).

Prior to joining Tri-Merit, Crabtree was managing partner of a CPA firm in the greater Chicago area. He has more than 30 years of public accounting and tax consulting experience in a wide variety of industries, and has worked closely with top executives to help them optimize their tax planning strategies.