BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN TZID:America/Phoenix X-WR-TIMEZONE:America/Phoenix BEGIN:VEVENT UID:1865@azbio.org DTSTART;TZID=America/Phoenix:20240118T110000 DTEND;TZID=America/Phoenix:20240118T120000 DTSTAMP:20240114T170120Z URL:https://www.azbio.org/events/understanding-how-new-irs-rules-can-impac t-your-sbir-sttr-award SUMMARY:Understanding How New IRS Rules Can Impact Your SBIR/STTR Award - - 18 Jan 24 11:00 DESCRIPTION:Do you know if the new IRS rules apply to your R&\;D activit ies?\nDon’t miss this webinar to learn more about IRS Section 174 and wh at it means to you.\n\nJanuary 18\, 2024\n\n11 AM MST\n\nREGISTER\n\nThe T ax Cuts and Jobs Act of 2017 included major changes to Section 174 of the Internal Revenue Service (IRS) Code and could significantly impact small b usinesses with SBIR/STTR awards and other R&\;D grants and contracts. T hese changes require businesses to amortize research and development (R&am p\;D) expenses over a five-year period instead of deducting them in the ye ar they were incurred.\n\nThe IRS recently released guidance regarding the se new rules.\n\nJoin our expert in this virtual session to learn more abo ut IRS Section 174 and how it may impact your accounting of SBIR/STTR and R&\;D expenditures.\n\n \;We'll review:\n\n What you should know a bout Section 174 and what research activities are affected by the new rule s.\n How you should analyze software development costs under Section 174. \n How to identify contract research agreements that are impacted by Sect ion 174.\n What is considered in Section 174 tax implications of disposin g of\, abandoning\, or retiring Section 174 property.\n Common misconcept ions and more!\n\nWho should attend:\n\n Companies from startups with les s than 500 employees who do early-stage\, technical R&\;D\n Companies who are seeking early-stage\, non-dilutive funding for research toward pro duct development\, including from SBIR/STTR.\n\nAbout the Presenter: Lynn M. Mucenski-Keck\, National Lead of Federal Tax Policy\, Withum\n\nLynn ha s over twenty years of experience in the accounting industry specializing in federal\, domestic and international tax planning for businesses\, purs uing optimization to maximize cash impact.\n\n \;\n\nPresented to you by FL FAST and Cenfluence\n\nThe Florida High Tech Corridor is pleased to present this workshop through our FL FAST Program funded by a grant from t he Small Business Administration's Federal and State Technology (FAST) Par tnership Program. CATEGORIES:AZ - Central END:VEVENT BEGIN:VTIMEZONE TZID:America/Phoenix X-LIC-LOCATION:America/Phoenix BEGIN:STANDARD DTSTART:20230118T110000 TZOFFSETFROM:-0700 TZOFFSETTO:-0700 TZNAME:MST END:STANDARD END:VTIMEZONE END:VCALENDAR