Tax Incentives for Architects and Engineers:
R&D tax credit (Federal and Hawaii) and the 179D Tax Deduction, which may be combined
Presented by BRAYN Consulting
When: Monday, December 11, 11:30 am - 1:30 PM
Where: AIA Honolulu Center for Architecture
Lunch: Lunch will be provided to all registered attendees
Cost: Free! Please RSVP below.
Learn how day to day design activities qualify for various tax incentives such as the R&D tax credit and the 179D tax deduction.
The R&D tax credit is a federal and state incentive that is based on new and improved design activities. Even failed projects are eligible for this valuable tax credit. The 179D tax deduction is worth up to $5 a square foot for energy efficient design work performed on government (federal and local) and non-profit owned properties. These tax incentives may be combined to minimize taxes and increase cash flow.
Presenter: Yong Jeon J.D., LL.M. Taxation
Yong Jeon is a tax partner at BRAYN Consulting. He has both a J.D., and an LL.M. in Taxation and has over 24 years of tax experience in both the Big 4 accounting firms and as tax counsel at a Fortune 12 $200B company. Yong has assisted many Design firms to minimize their tax liability. In Hawaii, his clients include architects, engineers, and multifamily developers and investors. In addition to being a member of the AIA Honolulu Chapter, he is a member of the ACEC, the GCA, and is the President of the CFMA Honolulu chapter. Unlike other firms, Yong’s firm consists of personnel with actual industry and design experience. When not slaying the tax dragon, Yong likes to hike, bicycle, and read science fiction / fantasy books.