FloridaMakes Webinar Series: Updates to the  R&D Tax Credit

This presentation provides an update on the Research and Development (R&D) Tax Credit and required capitalization. It covers the basics of the R&D Tax Credit, including what qualifies as research and development activities, the benefits of the credit, and the eligibility criteria. The presentation also includes information on recent updates that require the capitalization of R&D expenses. Additionally, the presentation provides examples of businesses that can benefit from the R&D Tax Credit and tips for maximizing the credit.

Key Takeaways:

1. Recognize what activities and expenses qualify under the R&D credit rules
2. Describe how the credit can be applied against income
3. Recognize the impact of Section 174 capitalization requirement