Tax Credits & Cash Your Bank May Be Missing
On-Demand Webinar
StreamedMay 29, 2020Duration90 minutes
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Is your bank leaving valuable tax credit money on the table?
The answer might just surprise you! Even if you’re a small financial institution, chances are good that some activities within your IT function qualify as “research and engineering” even if you’re not developing any software! Don’t miss out!
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Determine which IT-related costs at your bank are eligible for a tax credit
- Understand the definition of "research and engineering" costs for R&D tax-credit purposes
- Navigate the legal landscape at the state and federal levels
- Understand key IRS guidance for claiming an R&D tax credit
- Develop a framework for identifying, qualifying, and quantifying R&D eligible costs and activities
- Maintain a process to secure and optimize an annual R&D tax credit benefit
WEBINAR DETAILS
Has your bank spent money on IT personnel, software enhancements, external IT support services, or business process consultants to improve internal systems or customer interfaces? If so, these costs and activities are eligible when computing state or federal R&D tax credits. The R&D Tax Credit (IRC Sec. 41) has been around since the 1980s as an incentive to motivate taxpayers to maintain engineering and development activities in the United States.
What does this mean for community banks? A treasure trove of tax credits, i.e. CASH. Whether your bank has only recently invested in IT or has a history of IT infrastructure improvements, these software and IT development costs are eligible for both state and federal tax credits and often yield cash refunds. This means a dollar-for-dollar reduction in taxes paid or due – even if the costs did not result in any technological advancement.
This presentation will review the eligibility criteria of qualifying and quantifying banks’ R&D tax credits and outline the mechanics to secure an R&D tax credit on current-year tax returns and the potential of seeking prior-year tax refunds.
What does this mean for community banks? A treasure trove of tax credits, i.e. CASH. Whether your bank has only recently invested in IT or has a history of IT infrastructure improvements, these software and IT development costs are eligible for both state and federal tax credits and often yield cash refunds. This means a dollar-for-dollar reduction in taxes paid or due – even if the costs did not result in any technological advancement.
This presentation will review the eligibility criteria of qualifying and quantifying banks’ R&D tax credits and outline the mechanics to secure an R&D tax credit on current-year tax returns and the potential of seeking prior-year tax refunds.
WHO SHOULD ATTEND?
This informative session is designed for bank CFOs, controllers, accounting staff, and IT professionals. Ideally, IT and accounting staff will attend together to maximize understanding and the benefits of this course material.
TAKE-AWAY TOOLKIT
- Employee training log
- Interactive quiz
- Attendance certificate provided to self-report CE credits.
Presented By

Howard & Howard Attorneys PLLC

Howard & Howard Attorneys PLLC
Other Webinars That Might Interest You

Deposit Compliance Deep Dive: Beyond the Basics of Reg CC, Reg DD, Reg E, UDAAP & More
by Dawn Kincaid

Managing Loan Concentrations: CRE & More
by Robert L. Viering

Game Plan for 1071 Rules
by Susan Costonis

Conducting Your Annual ACH Audit
by Eric Wester

Open Banking, Banking as a Service & Lessons from Recent Enforcement Actions
by Shelli Clarkston

CRA Today: Enhancing Your Policy, Procedures & Program
by Dawn Kincaid

Dissecting the One Big Beautiful Bill Act & the Genius Act Framework for Stablecoins
by Deborah L. Crawford

Branch Manager & Head Teller Training: Developing, Motivating & On-Boarding Team Members
by Molly Stull

Red Flags for Money Laundering
by Deborah L. Crawford

No-Nonsense Notary Legal Perspective
by Elizabeth Fast
© 2025 FINANCIAL EDUCATION & DEVELOPMENT, INC