Eide Bailly Inspired Perspectives | Tax Strategies to Increase Cash Flow

Course Description: Looking for ways to reduce your tax liability? This webinar will discuss some of the most widely available tax credits and deductions for your organization. Many day-to-day operations to develop products, improve processes and/or enhance software potentially qualify for the R&D tax credit. We’ll discuss the potential to benefit from both federal and state credits. In addition, fixed asset planning is an excellent way to identify deductions and tax credits that maximize cash flow and reduce income tax liability. Opportunities arise when looking at building and building improvement assets that are associated with a building purchase, new construction or renovation. Recent provisions in the CARES Act around Qualified Improvement Property provide for more tax savings associated with certain improvements and renovations. Recently extended tax extenders revive additional opportunities for tax incentives related to energy efficient buildings. Final regulations for Sec. 1031 like-kind exchanges were released providing clarification on how to properly obtain deductions within that transaction. Join us for a webinar to learn more about these valuable credits and deductions, and whether your organization may qualify. Following the webinar, we will host general and industry-specific breakouts for the manufacturing, construction and dealership industries to discuss current trends and scenarios. While registering, please identify whether you would like to participate in the industry roundtables.