Technology R&D Tax Credits: Tax Changes, Documentation and Compliance Strategies

In this episode of the Technology R&D Tax Credit Podcast, Dan Wheadon, Technology & Life Sciences Leader, and Vivian Kohrs, Tax Credits & Incentives Advisory Practice Partner, discuss recent legislative developments impacting research and development tax incentives.

Together, they discuss how evolving tax rules, documentation expectations and reporting requirements are shaping the future of research and development (R&D) tax credit compliance for technology companies.

Listen to learn more about:

• Understanding the impact of recent Section 174 legislative changes on technology companies.
• Evaluating state tax conformity considerations and related planning opportunities.
• Strengthening documentation practices to support R&D tax credit claims.
• Preparing for enhanced IRS reporting requirements, including changes to Form 6765.
• Developing proactive strategies to improve compliance and maximize future R&D tax credit benefits.

Questions? Contact Us: https://www.cbh.com/contact/connect-me-with-a-professional/

Technology R&D Tax Credits: What Qualifies and How Technology Companies Can Benefit

Technology companies may be able to benefit from R&D tax credits for qualifying research, software development, and innovation activities. In this episode, Dan Wheadon and Vivian Kohrs discuss the fundamentals of the R&D tax credit and key considerations for technology companies evaluating potential opportunities.

Viewers will learn about:

• How R&D tax credits apply to technology companies
• Software development and technology activities that may qualify
• Eligible costs, including wages, contractors, and cloud computing expenses
• Payroll tax credit opportunities for qualifying startups
• Documentation, ownership, and funded research considerations

Questions? Contact Us: https://www.cbh.com/contact/connect-me-with-a-professional/

Learn more about Cherry Bekaert's R&D Tax Credit Services - https://www.cbh.com/services/tax/tax-credits-incentives-advisory/research-development-tax-credits/

In this episode of Cherry Bekaert's Technology podcast, International Tax Leader Brian Dill and Technology Industry Leader Michael Valerio discuss the potential impacts of the new U.S. administration's policies on tech companies with global operations.

Listen to learn more about:

• How tariffs will affect the technology industry and why leaders should pay careful attention to Pillar One of the OECD’s two-pillar tax model.
• The potential U.S. response to digital services taxes.
• International political dynamics and the broader implications for the U.S.
• Anticipated M&A activity in the tech sector due to deregulation.

Related Insights:

• Article: Exploring 'America First': The Impact of Tariffs and OECD Pillars
• Podcast: Balancing Intellectual Property and Research Investments Across Borders
• Webinar Recording: 2024 Election Outcomes and Tax Policy: Strategic Insights