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Impact of PPP Loan Forgiveness on the R&D Tax Credit

IMPACT OF PPP LOAN FORGIVENESS ON THE R&D TAX CREDIT

NO SEATS REMAINING FOR THIS SESSION.

Please view other PPP topics on CPAacademy here: https://www.cpaacademy.org/series/PPP
Cost $15.00
Presentation Length 1.0 hour

Recorded DateDecember 9, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

In this webinar, attendees will gain an understanding of the R&D tax credit. Attendees will learn about the potential impact that PPP loan forgiveness has on qualified research expenses and how to create a supportable position for claiming qualified research expenses when you have received a PPP loan.
 
Learning Objectives:


  • List the rules to qualify for the R&D tax credit

  • Define the R&D tax credit computational mechanics

  • Identify how PPP loan forgiveness impacts the R&D tax credit

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Shawn Marchant

Tanner LLC
Tax Principal
[email protected]
(801) 532-7444

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Shawn Marchant is a tax principal at Tanner LLC. For more than 20 years, he has been advising clients regarding federal and state tax credits and incentives, primarily in the area of research credits. 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 with 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 R&D credit, 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.

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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 includes R&D and orphan drug tax credits, accounting methods, cost segregation, tax compliance, and ASC 740 audits. Before joining Tanner, Matt spent two years at CGI, a global IT consulting firm. 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. Matt received his bachelor’s and master's in accounting at Brigham Young University. He is licensed as a CPA in Utah and a member of the American Institute of Certified Public Accountants and the Utah Association of Certified Public Accountants.

About Our Presenter

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At Tanner, their purpose is to serve. Each day, they make a positive impact in the lives of all those with whom they interact. They dazzle clients by being on time and on budget with no surprises.