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The R&amp;D tax credit and deduction are crucial for SMBs, driving innovation, employment, and growth. Unfortunately, the 2017 Tax Cuts and Jobs Act introduced amortization for Section 174 expenses, adversely affecting SMBs dependent on these refunds for research and operational improvements.



A bipartisan bill to amend Section 174 remains pending in the Senate, causing widespread uncertainty. In this video, former Senior Counsel to the Senate Finance Committee Dean Zerbe and former Congressman Rick Lazio give their updated timeline on the Senate vote.

Update on Senate Vote for 174 Tax Bill

Dean Zerbe, alliantgroup National Managing Director, Former Sr. Counsel, U.S. Senate Finance Committee

alliantgroup National Managing Director 
Former Sr. Counsel, U.S. Senate Finance Committee

Dean Zerbe

Rick Lazio, alliantgroup Sr. Vice President, Former U.S. Congressman

alliantgroup Sr. Vice President 
Former U.S. Congressman

Rick Lazio

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In a recent statement, Sharyn Fisk draws attention to the crucial responsibility that CPAs hold in ensuring their clients are safeguarded when it comes to Employee Retention Credit (ERC) claims. This timely reminder underscores the importance of proactive measures that CPAs must take to protect both their clients and their financial well-being.



Fisk&#8217;s message underscores the importance for CPAs to act swiftly and decisively to secure the best outcomes for their clients. In instances where CPAs may be uncertain about maximizing value for their clients during ERC claims, seeking assistance from experts like alliantgroup can offer invaluable support and expertise.



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Sharyn Fisk Highlights CPAs’ Role in ERC Claims: A Timely Call to Action

Darren Guillot, alliantgroup National Director, Former IRS Deputy Commissioner of the Small Business/Self Employed Division

alliantgroup National Director 
Former IRS Deputy Commissioner of the Small Business/Self Employed Division

Darren Guillot

In this informative session, we will be diving into Section 41 which rewards food processors for their everyday activities. This incentive gives companies the resources they need to increase company value, invest in new equipment, attract, and retain technical talent, and continue innovating. Join Former Congressman Rick Lazio and alliantgroup Managing Director, Tracy Lustyan as they discuss the on how to stay updated on the latest tax relief strategies that are shaping the future of food products industry.



Watch their insights by registering below!

Unveiling Tax Relief Incentives: Empowering the Food Processors Industry for Growth and Sustainability

Tracy Lustyan

Many architects, engineers, manufacturers, and software developers are unaware that recent legislation could put dollars back into their business as early as this year.



The Tax Relief for American Families and Jobs Act of 2024 has passed the House of Representatives and is currently being deliberated by the Senate. Once this legislation goes into effect, Section 41 will again deliver six-figure returns to qualifying companies, especially in the industries highlighted above.



Hear from former Congressman Rick Lazio, alliantgroup Managing Director Brian Aumueller, and MMB-CO Tax Partner Anthony Scinto as they break down the latest legislation, as well as what manufacturers, engineers, architects, software developers should do next to see a benefit this year.



Learning Objectives:



<ul>
<li>What is in the &#8221; Tax Relief for American Families and Jobs Act 2024” bill</li>



<li>How Section 41 benefits manufacturing, engineering, architecture, and software companies</li>



<li>What your next steps should be to take advantage</li>
</ul>



Watch their insights by registering below!

Tax Relief for American Families and Jobs Act

Brian Aumueller

Anthony Scinto

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With a rumored solution for 174 amortizations, the R&amp;D tax credit could put cash back into businesses’ pockets before the next deadline. ERC is coming to an end, but the new tax bill may cut off claims earlier than expected. What does this mean for eligible businesses?



Hear from Former Congressman Rick Lazio, Former Congressman Joe Crowley, and former Sr. Counsel to the U.S. Senate Finance Committee Dean Zerbe as they break down the latest from Capitol Hill. Together, they will be dig into what implications this could have for businesses and CPAS, and what your next steps should be. 



Watch their insights by registering below!

Breaking News from Capitol Hill: Is There Finally a Fix for Section 174? 

Joe Crowley, Former U.S. Congressman; Chairman for Job Creation and Retention

Former U.S. Congressman; Chairman for Job Creation and Retention

Joe Crowley

Many architects, engineers, and the CPAs who serve them do not realize that there are lucrative deductions available through the Section 179D.



Under recently expanded guidance, this deduction can now be worth up to $5 a square foot for businesses who work on public projects, including nonprofits and tribal lands. If your company or your clients have not reviewed their projects in the past year, there is substantial benefit in hearing the latest update.



alliantgroup Senior Director Neil Shah will join former Congressman Rick Lazio to discuss the latest changes to the deduction, as well as the new safe harbor program. If you or your clients work on public projects, including nonprofits and tribal lands, that scope of work could entitle them to potentially game-changing deductions.



Learning Objectives:



<ul>
<li>The latest updates to Section 179D</li>



<li>How architects, engineers, and other contractors qualify for this deduction</li>



<li>Our Tax Court validated study process</li>
</ul>

The Most Permanent and Powerful Deduction: The New 179D

Neil Shah

The healthcare industry was one of the highest impacted by the coronavirus pandemic, and as such pop-up ERC shops have been inundating businesses within this field. ERC has been heavily exploited by these fly by night providers and businesses need to know how the credit has changed including the right questions to ask to remain compliant. 



The recent IRS moratorium on processing ERC claims has left many healthcare providers with concerns about their submissions. To be clear, ERC is still available, but claims should be carefully reexamined for eligibility. For those who have not yet claimed, there is still time but important deadlines are fast approaching. 



Our industry experts will host a technical breakdown of the Employee Retention Credit as it pertains to the healthcare field. Join us as we partner with IAHHC to discuss several recent updates from the IRS to help address the concerns surrounding claims, including withdrawal and payback programs recently released to help those who may have claimed incorrectly adjust them properly before rapidly approaching deadlines.

Unlocking the latest guidance on ERC claims: New Programs and Approaching Deadlines

Sonny Grover

Sara Khalifa

Changes to the Research and Development Tax Credit and Section 174 are major issues currently impacting engineers and architects. Section 174 has increased tax payments for many business owners, and we want to ensure CPA’s and their clients are aware of the new installment payment program recently introduced by the IRS. With many former IRS commissioners and legislators on our Strategic Advisory Board, alliantgroup has a close pulse on potential fixes on the horizon from Congress. Finding solutions for small and mid-sized businesses has been one of our largest legislative pushes this year. 



We are excited &nbsp;to bring you the latest information surrounding these issues. Join alliantgroup Executive Vice President Sonny Grover for an informative discussion on R&amp;D &amp; 174.

R&D and Section 174: Changes, Uncertainty and Solutions

Recently, AI has been heavily covered in the news. It’s imperative that businesses owners know the latest so they can best prepare their organizations for the future.



Join Chris Stephenson, Managing Director of AI &amp; Digital Services, and Jamie Fowler, Vice Chair of Intelligent Automation &amp; Artificial Intelligence, as they discuss the newest developments in Automation and how businesses are already using these tools to get ahead.



Topics of Discussion:



<ul>
<li>What can AI do?</li>



<li>AI and the workforce: How to get employee buy in</li>



<li>AI as a recruitment tool for the next generation</li>



<li>AI and Clients: How it’s useful&nbsp;</li>
</ul>

Generative AI & Your Business: How to Get Ahead

Jamie Fowler, Vice Chair of Intelligent Automation & Artificial Intelligence

Vice Chair of Intelligent Automation &#038; Artificial Intelligence

Jamie Fowler

Chris Stephenson, Managing Director of AI & Digital Services

Managing Director of AI &#038; Digital Services

Chris Stephenson

Beware of the new installment payment program recently introduced by the IRS.



Join former IRS Commissioner of SB/SE Eric Hylton, former IRS Deputy Commissioner of the Small Business Division Darren Guillot, and Former Congressman Rick Lazio, as they discuss the new installment plan rolled out by the IRS. Darren personally built the small business installment program and now, as alliantgroup National Director, will be guiding you through all the payment options available to your clients.

Section 174: New IRS Installment Program

Eric Hylton, alliantgroup National Director, Former IRS Commissioner of the Small Business/Self Employed Division

alliantgroup National Director 
Former IRS Commissioner of the Small Business/Self Employed Division

Previous Event

Update on Senate Vote for 174 Tax Bill

Dean Zerbe

Rick Lazio

Previous Event

Update on Senate Vote for 174 Tax Bill

Dean Zerbe

Rick Lazio

Previous Events

Update on Senate Vote for 174 Tax Bill

Dean Zerbe

Rick Lazio

Sharyn Fisk Highlights CPAs’ Role in ERC Claims: A Timely Call to Action

Darren Guillot

Unveiling Tax Relief Incentives: Empowering the Food Processors Industry for Growth and Sustainability

Rick Lazio

Tracy Lustyan