Technology Trap Doors and the R&D Credit

This week on Let’s Talk Tax, host ⁠TJ Sponsel⁠ is joined by guest Richie Abedin, a Senior Tax Consultant specializing in R&D tax credits for technology-minded clients. They discuss the intricacies of the ⁠R&D tax credit⁠, especially as it relates to artificial intelligence (AI) and other emerging ⁠technologies⁠.

Key topics include the differences between automation and AI, the nuances of qualifying research activities, and the myths surrounding R&D and software development. The episode also delves into industry-specific scenarios like managed IT providers, SaaS providers, and companies investing in dual-purpose technology. Richie provides expert insights on what qualifies for the R&D tax credit, the challenges clients face, and the importance of proper documentation.