Unlocking R&D Incentives in the AEC Industry

The Government does want to grow and support your business. Learn how and why these incentives were created and how they apply to your business. Over the last 47 years the laws have changed 15 times and most financial planners are not versed in the latest credits, rebates or incentives. In this event you will learn about the options available and how to properly determine what is owed to you. You will learn how the law has been changed and why. You will learn what many CPA's do not know and why they have trouble advising clients on these subjects. You will learn what to look for to determine how your company can qualify for these funds. We have seen 30,000 to 200,000 be awarded so understanding what you are owed can really help the bottom line. Presented by: Dennis Bays – President, AmeriCore Group Dennis Bays has helped business owners raise money, grow and exit companies. Over the last 32 years he has become a strong advocate for privately held businesses where his knowledge and experience saves companies time and dollars. Businesses ask for his guidance in all areas of capital. Raising it, Protecting it and Growing it. Originally from Silicon Valley where he was part of the Angel Group he now resides in So Cal with his wife and 5 children. Vivek Sai – Business Consultant, Project Manager, & Architectural Designer Vivek has over two decades experience in the Design & Construction industry as a Project Manager and Architectural Designer. His education in Architecture, Urban Design, Planning and Business Administration has allowed him to contribute to various design and consulting firms in Los Angeles involved with Master Planning, Residential & Commercial Architecture & Interiors, Design-Build, and Public Art Installations. He has extensive experience as a liaison between Clients, Consultants and Contractors while managing different facets of a project from Budgeting & Scheduling to Planning, Design, Permitting & Entitlements, Contracting and Construction Administration. LEARNING OBJECTIVES Participants will gain an understanding of the applicability of research and development (R&D) tax credits to their firms, whether their projects or project activities qualify, why they qualify, and how much the credit might be. They will be able to explain how these apply to their daily design and project tasks, and why the IRS allows a tax credit to help fund some of their overhead costs. Participants will be able to identify broad activities which might qualify for R&D tax credits, including alternative design concepts, use of unique materials in construction for structural or energy efficiency; testing to determine acoustical, lighting, and visual features (e.g., movie theaters, auditoriums); and technical factors and materials for sanitary or safety uses (e.g., medical treatment centers, hospitals, food preparation or food manufacturing facilities.) Participants will explore the particular business activities and processes that qualify Architecture businesses for these credits: – Designed Sustainable/LEED buildings – Used parametric or computational design – Experimented with new materials or methods, developed custom engineering solutions and innovative construction methods – Custom algorithmic design solutions – Development of new design methodologies – Urban Design and Planning – Resilient and Disaster-Resistant Design Participants will review the recent relevant law changes that have impacted R&D credits: – 2015 PATH Act – Tax Cuts and Jobs Act of 2017 – 2023 Harper v Commissioner (T.C Memo 2023-57) Participants will be able to explain the importance of timing in applying for R&D credits: – Statute of limitations: In most cases, tax credits must be claimed within 3 years of the return filing date. Once the window closes, so does your opportunity. – Rolling deadlines: State programs and grant funds often work on a first-come, first-served basis. Acting quickly can make the difference between approval and missing out. – Policy changes: Economic stimulus, tax reforms, and regulatory shifts happen often. – Maximized impact: Claiming credits earlier in the year allows businesses to strategically allocate funds throughout the fiscal year. – Every day you wait is a missed opportunity. These tax credits and incentives were designed to help business owners like you—builders, problem-solvers, innovators—recover what you’ve already earned and reinvest it into what’s next.