The Triple Play: Tax Incentives for Architectural Firms
AIAU24-BRAY01R
Included in subscription
1.0
LU
Course expires on: 09/27/2025
Included in subscription
Description
As businesses strive to maximize their bottom line, tax saving opportunities are becoming increasingly important. This course is specifically designed to assist architecture firms in identifying if they qualify for the R&D Tax Credit, the 179D Energy Efficient Commercial Building Deduction, as well as opportunities to be aware of related to the 45L Tax Credit and Investment Tax Credit. Attendees will learn about the history of these tax incentives, what legislative changes have taken place, where the tax incentives are headed in the future, and how your firm can capitalize on them.
This session was recorded live on April 3, 2024.
Learning Objectives
Understand and identify target-rich environments for R&D activities utilizing the 4-part test and basic exclusions.
Learn and understand the most recent updates on legislation for the R&D Tax Credit along with 174 Amortization.
Identify and understand the Qualifications and eligible properties of the Energy Efficient Commercial Building Deduction – IRC Sec 179D.
Review and understand the Qualifications, eligible properties, and legislative updates of the Energy Efficient Home Credit – IRC Section 45L and the Investment Tax Credit.
This free course is brought to you through a partnership with Brayn Consulting. By registering for this course, you grant AIA permission to share your name and email address with Brayn Consulting.
As Brayn’s founder and CEO, Brady Bryan brings optimal value to mid-market clients through specialty tax incentives in a number of industries, including architecture, engineering, construction, manufacturing, and software. A licensed attorney in California and Texas himself, Brady has assembled an all-star team of BRAYNiacs. This powerhouse team is composed of lawyers, engineers, and accountants hailing from Big-4 and other national consulting firms. Brady’s goal is to educate businesses and people on how to avail themselves to the little-known tax incentives that are designed for them. In this way he knows Brayn can make a meaningful impact with real people. Prior to founding Brayn in 2010, Brady spent many years in industry, as well as Big-4 accounting. During his tenure at Deloitte, he first learned about several of the tax incentives his company now specializes in. He also spent several years doing indigent defense work. Brady has a Juris Doctor from Southwestern Law School, and a BBA in Management from Sam Houston State University.
Alyssa Honnette is Brayn’s Director of Business Tax Services (BTS) and oversees the Operations Department of Brayn professionals who implement the firm’s R&D Credit, 174 Expense, Cost Segregation, Investment Tax Credit (ITC), and Employee Retention Credit (ERC) Services. Alyssa’s has 12 years’ experience in R&E/R&D Tax Applications, having spent the most recent seven-plus years in RSM McGladrey’s Federal Credits & Incentives Group. For the last portion of Alyssa’s RSM tenure, she oversaw the quality review process for all R&D Credit applications to the A/E/C Industry nationwide. Alyssa earned her Master of Arts degree from Rice University, and she is an IRS Enrolled Agent.
Gareth Young, P.E., is the manager of Brayn’s Building Science practices, including the 179D Energy Efficient Commercial Building deduction, the 45L Energy Efficient Home Tax Credit, ENERGY STAR consulting, and Cost Segregation comprising a team of engineers, energy modelers, raters, and inspectors. Gareth received his bachelor’s degree from Texas A&M University and his Master of Science in Civil Engineering from the University of Houston. He is licensed to practice engineering in more than 30 states, is a registered HERS rater and ENERGY STAR certifier, and serves as an Engineering Duty Officer in the US Navy Reserve.