Taxing Innovation: How Changes in the Sec. 174 R&D Tax Deduction Threaten America’s Startups
July 13 | 2023
3:00pm ET
To
July 13 | 2023
4:00pm ET
Virtual
Join the Clean Energy Business Network (CEBN) and the Small Business Technology Council (SBTC) on July 13 at 3pm ET/12pm PT for a webinar discussing changes to the Section 174 Research and Development (R&D) Tax Deduction, which has significantly increased the tax burden for businesses engaging in R&D and created a major threat to American innovation.
On this webinar, we will discuss:
- changes to the Sec. 174 R&D tax deduction
- impact on startups and small businesses
- alternative approaches to discuss with your accountant
- proposed policy solutions and ways to take action
REGISTER HERE
About Section 174:
Since 1954, the section 174 tax R&D deduction has enabled businesses to deduct R&D expenses in the year they are incurred. Unfortunately, starting in 2022, firms are now forced to spread out these expenses over five years. Many small businesses have been caught unprepared and face potential closure. Learn more at CEBN’s Resource Center.
