Viewpoints
The Inflation Reduction Act and CHIPS Act: Accelerating the Impact of Your Tax Credits
The Inflation Reduction Act and the CHIPS Act, both recently signed into law by President Biden, reshapes and expands tax credits that could benefit you and your business. Watch this on-demand webcast to learn how you can take advantage of new legislation to accelerate the impact of the tax credits available to you. Our tax advisors explain the new requirements to capitalize research and development expenses, as well as address strategies to reduce your tax liabilities using the enhanced credits.
Learning Objectives
- Recognize the new and expanded tax credits available in both of the regulations, and the potential benefits.
- Understand ways to capitalize research and development expenses and its impact on you and your business.
- Identify the technical requirements to qualify for the incentives.
- Discuss the non-gross receipts methods of claiming the employee retention schedule.
