Wednesday, June 28, 2023
12:00pm - 1:00pm Eastern

AAA-CPA PA/DE Valley Chapter Meeting
The R&D Credit as a solution to offset increased tax liability in light of the New Amortizations of 174 Expenses

Class presented by: Ashley Chikes, Director of Operations at EPSA USA and Tax Attorney 

Program Description
Many companies do not think they are concerned by the new Amortizations of 174 expenses and some do not believe they are eligible for the R&D Credit. If the Amortization will raise their taxes for tax year 2022, the R&D Credit can help mitigate some of the impact. This session will discuss what are the R&D Credit and the 174 expenses, who qualifies for it, and key question to ask your clients and CPA to best prepare them for the next few years. Unlock the potential of the R&D Credit during this 60 min. webinar with experts from EPSA!

Learning Objectives
• Identify 174 expenses vs. R&D qualified expenses
• Detailing the four-part test for project qualification with examples in specific industries
• Understanding all relevant buckets of R&D expenditures: wages, supplies, contractor, and cloud expenses
• Offsetting payroll and/or income tax
• Understand section 174 amortization and its impact on taxpayers

Education Credits
This program offers 1.0 CPE credit and should offer 1.0 (M)CLE credit in Pennsylvania only. (M)CLE credit for other states may be permitted via self-reporting.

AAA-CPA will only report education credit to the state bars of dues-paid members; any state reporting fees will be the responsibility of the member.

Cost
No charge for members; $20 for nonmembers

Presenter
Ashley Chickes, Director of Operations and Tax Attorney, EPSA USA
Ashley graduated from the University of Pittsburgh with a Bachelor of Science Degree in Finance and Marketing. She is also a licensed Pennsylvania attorney and graduated with her Juris Doctor from the University of Pittsburgh.
After graduation, she specialized in corporate and real estate law, working with small to medium sized businesses for several years before joining a national tax advisory firm specializing in the research and development tax credit.

Today, Ashley is the Director of Operations for EPSA USA, the US subsidiary of EPSA, a global consulting firm. She works with businesses of all sizes, from pre-profit to $100M in revenue, to identify and calculate a research and development tax credit at both the federal and state level. Her industry experience includes software and technology, engineering, life sciences, architecture, and manufacturing.

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