The R&D tax credit is for taxpayers that design, develop, or improve products, processes, techniques, formulas, or software. It’s calculated on the basis of increases in research activities and expenditures—and as a result, it’s intended to reward companies that pursue innovation with increasing investment.

In this session, Michael will discuss the R&D tax credit; more specifically, what it is, who can benefit and how it all works for those in the AEC industry. Real-life examples will be shown and explained, as well a look into some of the smaller, but important details about the credit. Since this credit is technological in nature, companies with employees connected to the sciences are strongly encouraged to explore.

Presenter:  Michael J Procaccini, CPA/Engineer – Managing Partner – Algorithm Tax Group

Michael is the Founder and Managing Partner for Algorithm Tax Group and has over fifteen years of experience working with R&D Tax Credits. His background includes the unique combination of both Accounting and Chemical Engineering – a perfect mix for his role.

Michael has led and completed thousands of engagements, in different areas such as construction, medical devices, cannabis, food science and software. The scope of these engagements varies depending on the company, as he has worked with startups and large companies – and everywhere in between. Algorithm Tax Group takes pride in its new approach to working with clients – efficiently gathering the necessary information in order to complete the calculation.

Considered an expert in the field, Michael is excited to share his knowledge of R&D Tax Credits, and how they can benefit technical companies. He believes his work is both educational and informative; whether it’s a conference presentation or a meeting with a client.

https://www.linkedin.com/in/michael-j-procaccini-cpa-23b32113/