Encouraging and supporting research and development (R&D) has been a fundamental principle in U.S. tax policy. The R&D tax credit allows many small and medium businesses to innovate and financially grow.

However, in 2022, Congress implemented a significant change to IRC Section 174, which mandates that R&D costs be amortized over five years, rather than taken as an immediate deduction. This resulted in a substantial tax burden for businesses.

To ensure compliance and maximize the benefits of R&D tax credits, companies must monitor new legislative developments that will likely impact their tax liability.

Listen as a panel of distinguished thought leaders and practitioners organized by The Knowledge Group offers a comprehensive roadmap to navigate the recent shifts in R&D tax credits and amortization successfully. Speakers will provide powerful insights into leveraging opportunities.