Michael Silvio, CPA, Tax Partner, Macias Gini & O'Connell LLP to Speak at The Knowledge Group’s Understanding R&D Tax Credits and Amortization
The Knowledge Group, the leading producer of regulatory focused webcasts, has announced today that Michael Silvio, CPA, Tax Partner, Macias Gini & O'Connell LLP will speak at its webcast entitled, “Understanding R&D Tax Credits and Amortization: Navigating Changes and Maximizing Benefits.” This event is scheduled for August 30, 2023 from 12:00 pm to 1:30 pm (ET).
- (1888PressRelease) August 15, 2023 - The Knowledge Group, the leading producer of regulatory focused webcasts, has announced today that Michael Silvio, CPA, Tax Partner, Macias Gini & O'Connell LLP will speak at its webcast entitled, “Understanding R&D Tax Credits and Amortization: Navigating Changes and Maximizing Benefits.” This event is scheduled for August 30, 2023 from 12:00 pm to 1:30 pm (ET).
For further details, please visit:
https://knowledgewebcasts.com/know-portfolio/understanding-rd-tax-credits-and-amortization-cpe/
About Michael Silvio
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.
About 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.
Our client base ranges from pre-revenue startups to many of the largest companies and government agencies in the world. Our firm and our professionals have significant experience in working with medium to large sized multistate and multinational entities, with an emphasis on those focusing on expansion and growth.
Event Summary
Encouraging and supporting research and development (R&D) has been a fundamental principle in U.S. tax policy. The R&D tax credit allows many small and medium businesses to innovate and financially grow. However, in 2022, the Congress implemented a significant change to IRC Section 174 which mandates R&D costs to be amortized over five years, rather than taking an immediate deduction. This resulted to a substantial tax burden on businesses.
To ensure compliance and maximize the benefits of R&D tax credits, companies must keep tabs on the new legislative developments that will likely impact their tax liability.
Listen as a panel of distinguished thought leaders and practitioners organized by The Knowledge Group offer a comprehensive roadmap to successfully navigate the recent shifts in R&D tax credits and amortization. Speakers will provide powerful insights on how to leverage opportunities.
Key topics include:
• R&D Tax Credit Updates
• Notable Implications of Amortization on Businesses
• How to Maximize R&D Tax Credit Opportunities
• Best Compliance Strategies
• What Comes Next?
Learning Objectives:
• Understand the recent shifts in R&D tax credits and amortization and their implications on businesses.
• Learn effective strategies to maximize R&D tax credit opportunities and develop best compliance practices.
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.
Contact:
Therese Lumbao
Director, Member Services
The Knowledge Group, LLC
info ( @ ) theknowledgegroup dot org
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