Building The Premier Accounting Firm

R&D Tax Credits for Clients w/ Adam Farnsworth

Roger Knecht

Roger Knecht

President of Universal Accounting Center

Episode Details

Do you know the 4-part questions to use to determine if someone qualifies for the R&D tax credit?

This conversation with Adam and Roger is going to be enlightening both personally and professionally.  I’m sure you’ll get some great notes from this.

Also, how many of this have said to our spouse “Heh Hon, I’m going to start a business, “trust me I have a plan”, there’s this opportunity and I know what I’m doing?

As accounting professionals, it makes sense we’d create the business plan & proforma.  But what happens when things don’t go as planned?  Are you ready to pivot and following the numbers?  Marketing can change so we need to be ready and willing to go where the clients are.

Adam shares some great ideas and shares some good examples.

Enjoy this next episode of this podcast, building the premier accounting firm!

Your Host: Roger Knecht, president of Universal Accounting Center

Our Guest: Adam Farnsworth, CPA

 

Adam Farnsworth has been working as a CPA since 2015 after he completed his master’s degree at the University of Utah and his undergraduate degree at Colorado State University. As the founder of Leaf Specialty Tax Consultants, he has built a team that saves companies millions of dollars annually by identifying tax credit savings.

Leaf Specialty Tax Consultants was born after founder Adam Farnsworth saw a need for businesses to have a better way to access and claim Research and Development (R&D) Tax Credits. Across the United States, companies are using innovation, technology, and research to make the world a better place. By creating a consulting business for R&D Tax Credit, LEAF wants to provide a way for businesses to have the advantage of a tax credit expert to provide computation and substantiation guidance surrounding Section 41 of the Internal Revenue Code (IRC) and affiliated code sections, court cases, regulations, and affiliated state tax credits.

 

Sponsors:

Universal Accounting Center

  • Helping accounting professionals confidently and competently offer quality accounting services to get paid what they are worth.

 

Offers:

Speak with Adam regarding the possibilities related to R&D tax credits.  You can reach him directly or schedule a time that is convenient for you at:

 

Book recommendation mentioned in the discussion, A legal guide to research and development by Alex Sadler.

Off quality tax services becoming a certified Professional Tax Preparer, PTP

 

As you work ON your business consider applying the proven principles from The Turnkey Business Plan for a successful accounting, bookkeeping & tax business.  Creating your proforma.

 

For Additional FREE Resources for accounting professionals check out this collection HERE!

 

Remember this, Accounting Success IS Universal.

Listen to our next episode and be sure to subscribe.

 

For more information on how you can apply these principles in your business please visit us at www.universalaccountingschool.com or call us at 801.265.3777

Share on facebook
Share on twitter
Share on linkedin

Related Episodes

Accounting
Robert Knecht

Breaking Free From The Imposter Syndrome w/ Trokon Pope

Think of it, finishing college, working within the community, and then starting your accounting business. Trokon shares with Roger what it took to get the confidence and competence to start the accounting business.  He points out the 3 things that made the difference to insure

View Episode »
Accounting
Robert Knecht

Begin With The End In Mind w/ Tyler Otto

This is an episode you don’t want to miss.  Tyler has a fascinating story to share.  From the stable corporate job to joining the wife in her accounting business.   Roger and Tyler have so much to cover as they discuss: Developing a virtual accounting

View Episode »

Subscribe To Our Podcast

Get notified when new episodes are released

Let's Talk

To learn more about or enroll in one of the expert programs offered at Universal Accounting Center® click below to contact us.

Copyright 2020 © All Rights Reserved. View Our Privacy Policy