A/E/C Executive Update: New Tax Incentives and Changes Explained

Friday – December 9, 2022, 1:00 -2:00 PM
Presented by Brady Bryan, CEO, BRAYN Consulting

The Inflation Reduction Act (IRA) was recently signed into law and provides new tax incentive opportunities for architects, engineers, contractors, and commercial property owners. The IRA was put into law to fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030. The IRA increased the 179D Tax Deduction for commercial buildings placed in service in 2023 and beyond. Also, up for discussion is The R&D tax credit which has some new IRS regulations starting in 2022 on amended returns and Amortization of qualified research expenses for 2022.

In this podcast you will learn:
• Qualifications and eligible properties of the 179D Energy Efficient Commercial Building Deduction in its current
• IRA legislative updates for the 179D deduction for commercial properties that are placed in service starting in 2023 and beyond.
• The additional Government agencies that can claim the 179D deduction starting in 2023 and beyond
• 2022 R&D Tax Credit IRS updates on amended returns
• 2022 R&D Tax Credit IRS updates on Amortization of qualified research expenses

About your presenter:
As BRAYN’s founder and CEO, Brady 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.