Texas Research and Development Tax Credit and Exemption - Webinar - ResearchAndMarkets.com

DUBLIN--()--The "Texas Research and Development Tax Credit and Exemption" webinar has been added to ResearchAndMarkets.com's offering.

Gain a better understanding of the requirements of the sales tax exemption and franchise tax credit.

In 2014, the Texas legislature enacted a sales tax exemption and franchise tax credit for businesses engaging in qualified research and development activities. Qualifying taxpayers have the option to choose between the credit or the exemption but cannot take both. Businesses engaged in qualifying contracts with higher education institutions may be eligible for increased credits. This topic will help businesses identify whether they qualify for the qualified research and development credit, what costs qualify, and how to claim the credit or exemption. The material will also discuss taxpayers requirements in accounting for, reporting, and substantiating the qualifying research and development sales tax exemption or franchise tax credit.

Speakers

Kristie J. Iatrou, Esq. - Mondrik & Associates, Christina A. Mondrik, Esq., CPA - Mondrik & Associates

Learning Objectives

  • You will be able to define qualified research expenses
  • You will be able to describe research and development activities
  • You will be able to identify qualifying businesses and expenses
  • You will be able to discuss options to consider in electing the exemption or credit

Who Should Attend:

  • Accountants
  • CPAs
  • CFOs
  • Controllers
  • Accounts Payable Professionals
  • Tax Managers
  • Presidents
  • Vice Presidents
  • Bookkeepers
  • Tax Preparers

Key Topics Covered:

  • Overview
  • Legislative History and Background
  • Who Qualifies?
  • What Is Qualified Research?
  • Sales Tax Exemption
  • Direct Use Requirement
  • Depreciable Tangible Personal Property
  • Reporting Requirements
  • Franchise Tax Credit
  • Making an Election
  • Contracts With Higher Education Institutions
  • Credit Carryforwards

For more information about this webinar visit https://www.researchandmarkets.com/research/67mqqd/texas_research?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Related Topics: Tax, Credit and Loans

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Related Topics: Tax, Credit and Loans