Understanding the New Tax Changes for R&D Expenses

The tax code for how R&D expenses are treated changed in 2022, and this could increase the tax liability for startups. Instead of reporting and expensing these costs in the year they were done, now they need to be capitalized and amortized over 5 years.

Join this virtual session with T.J. Sponsel, Co-Founder and Managing Shareholder of McGuire Sponsel, and David Venisky, Partner at EFPR Group, to hear how significant changes in R&D expensing will impact technology businesses.

Attendees will learn how these changes and new rules:

• Apply to traditional R&D expenses, as well as software and website development costs
• Impact choices for immediate or deferred deductions
• Change the way foreign research expenses (such as from contractors) are handled
• Could result in a higher income tax bill if not planned for properly

Register now for this important educational session to adequately plan for filing your 2022 taxes.

This is a virtual event. Details to join via Zoom will be shared in advance with all registrants.

REGISTER HERE