How To Monetize R&D Tax Credits and Claim a Refundable Credit for Employee Retention
Date and Time
Thursday May 6, 2021
12:00 PM - 1:00 PM MDT
May 6, 2020
12:00 PM MDT
Location
Fees/Admission
Free
Description
Many pre-revenue and pre-profit companies generate R&D Tax Credits. These tax credits can be monetized to offset employer payroll taxes as well as state and federal income taxes. The Employee Retention Credit is a refundable per employee tax credit of up to $5K in 2020 and $28K in 2021 for employers who experienced a reduction in gross receipts compared to 2019. Learn how your company can take advantage of these programs to improve your cash flow.
Presenters
Shawn Marchant
Tanner LLC, Tax Principal
Shawn Marchant is a tax principal at Tanner LLC. For more than 23 years he has been advising clients regarding federal and state tax credits and incentives. His experience ranges from initial scoping through project implementation and delivery, project management, IRS and state audit support, and evaluation of benefits for financial statement presentation. Shawn spent 16 years in the Big Four, most recently with Ernst & Young in the Southeast region. He began his career in Deloitte’s national R&D tax credit group and spent two years in its accounting methods and periods national practice group in Washington, DC.
A frequent speaker on the credits and incentives, Shawn is an attorney licensed in California. He received a JD from BYU J. Reuben Clark Law School and an LLM (Tax) from Georgetown University Law School.
Matthew Neuenswander
Tanner LLC, Tax Manager
Matt Neuenswander is a Manager at Tanner LLC and has over seven years of experience in public accounting. He started his career with EY providing tax services to technology, pharmaceuticals, biotech, aerospace, and real estate companies. His experience at EY included R&D and Orphan Drug tax credits, accounting methods, cost segregation, tax compliance, and ASC 740 audits. Prior to joining Tanner, Matt spent two years at CGI, a global IT consulting firm, where he managed U.S. tax credits and incentives programs including R&D tax credits, federal and state audits, job credits, state development grants, domestic manufacturing deduction, and fringe benefit analysis. Over the past year, he has prepared more PPP forgiveness applications that he wants to admin and looks forward to helping client maximize tax incentives so they can survive and thrive in a challenging business environment. Matt received his bachelor’s and master’s in accounting at Brigham Young University. He is licensed as a CPA in the state of Utah and a member of the American Institute of Certified Public Accountants and the Utah Association of Certified Public Accountants.
