Michael Silvio, CPA, Partner, Macias Gini & O’ Connell, LLP to Speak at The Knowledge Group’s Event

The Knowledge Group, the leading producer of regulatory focused webcasts, has announced today that Michael Silvio, CPA, Partner, Macias Gini & O’ Connell, LLP will speak at its webcast entitled, “Major Reforms in R&D Tax Credits 2023: Exploring Opportunities for Your Firm LIVE Webcast”. End Quote

(1888PressRelease) January 25, 2023 - This event is scheduled for Thursday, January 26, 2023 from 3:00 pm to 4:00 pm (ET).
For further details, please visit:
https://knowledgewebcasts.com/know-portfolio/major-reforms-in-rd-tax-credits-2023-cle/

About Michael Silvio, CPA
With more than 30 years of public accounting and tax planning experience, Michael is a tax partner at MGO. He’s served businesses in multiple industries, including hi-tech, consumer product, software, biotech, life science, healthcare, manufacturing, construction, professional service, and nonprofit.

Michael’s knowledge surrounding the Federal Credits and Incentives Tax has earned him the reputation as a national leader on the topic. Over the years, he’s conducted more than 450 research credit studies for companies in various industries and served as a representative before the IRS and state taxing authorities to support and defend numerous taxpayers’ research credit claims. In addition, he has helped clients save millions in taxes consulting on tax incentives related to domestic production, accounting methods, federal and state grant programs, and energy and “green” tax incentives, including energy-efficient building incentives.

Macias Gini & O’ Connell, LLP
MGO — one of the nation’s fastest-growing a business advisory and CPA firms — combines deep industry knowledge with accounting and advisory solutions to deliver tangible results. Our clients range from global aerospace and technology leaders to innovative startups and nonprofit organizations — from the largest government entities in the country, to the biggest names in entertainment.

We are committed to exceeding the expectations of our clients through our philosophy of proactive planning, year-round involvement, and our core values: Ideas Rule, Build Something, Straight Talk, Help First, and Go Beyond.

Event Summary
The Tax Cuts and Jobs Act (TCJA) has been beneficial for companies engaged in research and development (R&D). It kept the R&D tax credit permanent and eliminated other tax credits and incentives in exchange for lower tax rates. However, beginning after December 31, 2021, the taxpayer option to deduct current R&D expenditures was abolished. It now requires the charging of expenditures to a capital account and amortizing them in a specified number of years.

These changes pose significant complexities to taxpayers and companies. This underscores the need to keep themselves in the loop of any further developments to successfully navigate through the uncertainties in this ever-changing legislative terrain.

Listen as tax professionals Mike Woeber (Corporate Tax Advisors, Inc.) and Michael Silvio, CPA (Macias Gini & O’ Connell, LLP) provide a comprehensive discussion of the current and emerging trends concerning R&D tax credit. Speakers, among other things, will also offer practical tips and strategies to counter challenges in this evolving legal climate.

Key topics include:
• Research and Development Tax Credits Regulations
• Recent Rule Changes Impacting Businesses
• Requirements and Qualification Standards
• Practical Tips and Strategies
• What Lies Ahead

About The Knowledge Group
Founded in November 2006, The Knowledge Group has been at the forefront of providing quality continuing education programs for lawyers, accountants, financial executives, risk and compliance specialists, human resources professionals, technology officers, and business consultants in a wide range of industries.

The Knowledge Group strives to be the best-in-class provider of continuing education by bringing forth relevant content you can’t get anywhere else.

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