Dollars for design:  optimizing the R&D tax credit for architecture

  LUNCH AND LEARN

Thursday, July 18: 12:00 pm until 1:00 pm

Learn how Architects may decrease taxes and increase cash flow with the R&D tax credit. Many activities performed by architecture firms during conceptual design, schematic design, design development, and construction document phases qualify for the R&D tax credit. The credit averages about 6.5 cents on the dollar at the federal level with many states having similar incentives: often doubling the benefit.

Bio of the speaker:

Yong Jeon: Tax Partner

Yong Jeon joined BRAYN Consulting LLC after nearly 8 years of tax consulting experience at Big-4, both at Deloitte Tax and PwC. He is a tax partner at BRAYN’s Northern California practice. At Big-4, Yong spent a majority of his time in the Research and Development (R&D) Tax Incentive practice, where he led engagements for several Fortune 500 clients. He also worked at McKesson for 5 years on various projects, including implementation, maintenance, and improvement of the in-house R&D Tax Credit process. Yong also has significant experience in Tax Controversy. In addition to his B.A. and J.D., Yong holds an LL.M. in Taxation from Boston University. Yong is a member of the AIA Silicon Valley and East Bay chapters and a member of the national and local Construction and Finance Management Association (“CFMA”).

BRAYN Consulting LLC is an AIA CES provider, a member of the American Counsel of Engineering Companies, and a speaker and sponsor of the AIA and Deltek national conferences.

4 Learning objectives

  1. Understand the four-part test and basic exclusions to R&D, including the main components of funded versus non-funded research.
  2. Debunk the myths of the R&D tax credit.
  3. Learn how to optimize time and project tracking to maximize tax credits.
  4. Identify target-rich environments for R&D activities.