Webinar series offered for CPE Credit for 2021
McGuire Sponsel is proud to offer continuing education for CPAs through our CPE webinar series. Our CPE webinars provide deeper insight on technical topics across our practice lines, including Global Business Services, Research & Development Credits, Cost Segregation, and Economic Credits & Incentives.
Please see descriptions below and reach out to Bob Poisal to schedule a private webinar for your firm. Each webinar offers 1 CPE credit, and certificates of completion are provided upon completion of the webinar.
Other firms may offer similar services, but they cannot match McGuire Sponsel’s steadfast commitment to our clients and partner firms.
TJ Sponsel II, Managing Shareholder
Global Business Services
GBS-1: Global Business Services: Overview & Application for CPA Firms
55 Minutes | 1 CPE Credit
In the world of international business, policies and approaches are constantly changing. Join us for an overview of global business services Topics will include:
- An understanding of international policy updates that impact global expansion
- Structuring or reorganizing of corporate and business structures
- Optimal planning for cross-border transactions including transfer pricing
GBS-2: Global Business Services Planning in a Post-COVID Economy
55 Minutes | 1 CPE Credit
The lasting economic impact from COVID-19 has created a global business environment unlike anything we have seen. This volatility puts significant pressure on the international tax and treasury management posture of a multinational enterprise. In this webinar, we will discuss important considerations when moving people, products, services and information across borders in a post-COVID economy. Topics will include:
- An update on global business impacts from COVID
- A discussion on ways that tax teams can navigate recent shifts in global business and tax planning including currency fluctuations, repatriation planning, transfer pricing, group loss allocation, intercompany lending, and impact of mobility restrictions on the global workforce
GBS-3: Global Business and Tax Planning for 2022
55 Minutes | 1 CPE Credit
International taxation had already been in a state of flux for several years, as practitioners learned to navigate the new world of BEPS, GILTI, ATAD and more. If those challenges were not difficult enough, the COVID-19 pandemic created a new round of upheaval as multinational taxpayers grappled with cash needs and tax authorities began exploring new ways to increase tax revenue. In this session we will explore:
- The current state of international taxation
- Global proposals for international tax reform
- Various planning opportunities to ensure that clients are well-positioned to embrace continuing change
Research & Development Tax Credits
RDT-1: R&D Credit Opportunities When Developing Software
55 Minutes | 1 CPE Credit
Companies that develop software are generally good candidates to claim the R&D Credit. However, there are a variety of R&D Credit rules that software development companies must navigate in order to qualify their projects for the R&D Credit. Additionally, software companies are presented with unique challenges when producing and retaining documentation to substantiate that qualified research took place. In this session, we will discuss:
- The definition of “internal use software” as it relates to the R&D Credit
- The difference between software development and configuration activities
- The funded research exclusion o Eligible computer leasing and contract research costs
- Suitable documentation to substantiate R&D Credit claims
RDT-2: Recent R&D Credit Court Cases and Hot Topics
55 Minutes | 1 CPE Credit
The R&D Tax Credit is one of the most subjective areas of the tax code. With the IRS placing more scrutiny on the R&D Credit, it is important to be aware of areas of exposure when building an R&D Credit claim. In this session, we will discuss:
- What constitutes qualified research activities
- Recent R&D Credit court cases
- Recent areas of focus in exams, including cloud computing expenses and funded research
RDT-3: R&D & Employee Retention Credit – What You Need to Know
55 Minutes | 1 CPE Credit
The CARES Act, Consolidated Appropriations Act, and American Rescue Plan have created and expanded numerous programs to assist businesses with navigating through the COVID-19 pandemic. One of the more prevalent programs from these laws is the Employee Retention Credit (ERC). As companies continue to pursue these programs, it is important to understand the impacts that utilizing these programs may have on other incentives, including the R&D Credit. We will also discuss the criteria of the R&D Credit, including eligible research activities and expenses. During this session, we will discuss:
- What constitutes qualified research activities
- The types of qualified research expenses
- The interplay between the R&D, ERC, and other wage-driven incentives for tax years 2020 and 2021
Cost Segregation
CS-1: How Biden Tax Policies Affect Real Estate Tax Planning
55 Minutes | 1 CPE Credit
President Biden’s tax priorities have come more into focus, which include increasing tax rates and potentially restricting areas such as 1031 exchanges and certain 754 step-up transactions. We will discuss how to plan for real estate decisions in a changing tax environment and the potential for these policies becoming law Topics will include:
- An overview of President Biden’s tax priorities
- An understanding of how this affects Real Estate Decisions
- An overview of steps to take now based on the current environment
CS-2: Ways CPA’s Can Increase Bottom Income in a Tightening Labor Market
55 Minutes | 1 CPE Credit
The labor market has tightened significantly in recent months with one of the most difficult tasks for CPA’s is how to find employees. This raises the question for CPA firms, how do you grow your bottom line in a tightening labor market? Growing specialty services and outsourcing specialty areas can be key ways to accomplish this. In this session, we will discuss:
- Various ways to increase profitability
- Key areas where profitability can be increased with outsourcing
- How to evaluate if outsourcing can drive value for your business
CS-3: Tax Planning and Depreciation Strategies in Changing Economic Environments
55 Minutes | 1 CPE Credit
2021 has seen increased inflation in many parts of the economy, some of which is due to supply chain disruptions, and some due to increased spending. This affects many business decisions, especially decisions related to timing changes such as depreciation. In this webinar we will discuss how businesses can utilize timing differences and other tax planning tools to hedge against inflation. In this session, we will discuss:
- How inflation affects Time Value of Money
- How inflation affects depreciation decisions
- Other depreciation decisions in a potentially changing tax environment
Credits & Incentives
C&I-1: The 4 Pillars of Economic Credits and Incentives Projects
55 Minutes | 1 CPE Credit
How can you determine if a C&I project will be successful? Credits and Incentives projects require 4 main components to determine their viability to receive tax benefits – we will explore those 4 components in detail to help pre-qualify clients for C&I opportunities. The “4 Pillars” include: Location, Timing, Jobs, and Investment. In this session, we will discuss:
- The primary factors that contribute to a successful C&I project
- How to pre-vet clients and identify those that are most likely to be successful
- Successful case studies to see high quality outcomes
C&I-2: Qualifying Industries for Credits and Incentives
55 Minutes | 1 CPE Credit
Who is eligible for C&I? Not all C&I projects are created equal – while some economic development criterion may be considered “dated,” we will explore the industries that most often qualify for credits and incentives as well as the unique opportunities when non-standard industries might qualify for these unique tax benefits. In this session, we will discuss:
- The primary factors that contribute to a successful C&I project
- How pre-vet clients and identify those that are most likely to be successful
- Successful case studies to see high quality outcomes
C&I-3: Navigating the Pitfalls of Credits & Incentives
55 Minutes | 1 CPE Credit
What should you avoid when starting a C&I Project? Credits and Incentives are not guaranteed – we will explore the strategic approach to maximizing credits and incentives by navigating the steps from pre-project planning to post-project compliance reporting. In this session, we will discuss:
- The primary factors that contribute to a successful C&I project
- How to navigate through the life of a C&I project
- Successful case studies to see high quality outcomes
As part of our continued commitment to the CPAs we serve, I am proud to present this year’s CPE webinars. Please reach out to me directly to schedule a session for your firm.