New York, NY, August 05, 2015 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Ronald G. Wainwright, Jr., CPA, Partner, Cherry Bekaert LLP will speak at the Knowledge Congress’ webcast entitled: “IRC Section 199: Deduction for Domestic Production Activities – A 2015 Update Live Webcast.” This event is scheduled for August 4, 2015 from 12:00pm – 2:00pm (ET).
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About Ronald G. Wainwright
A Tax Partner with more than 25 years of experience in the area of taxation, Ron serves a diverse client base including multi-national, public and closely held companies. Clients who relyon Ron’s guidance inhabit a number of industries including manufacturing, distribution, technology and life sciences, real estate and construction, and private equity. Based in the Firm’s Raleigh office, Ron guides clients through a number of taxation matters including international and domestic tax, provisions, FIN 48, tax controversy and complex transactional matters. National Leader of Cherry Bekaert’s Federal Credits & Accounting Methods practice, Ron has extensive practical experience bringing value to clients. He is also a member of THInc, the Firm’s specialty practice focused on guiding growth through innovation. Clients in the Technology, Health & Life Sciences, and Industrial sectors depend on Ron to help them maximize opportunities for innovation.
Prior to joining Cherry Bekaert, Ron was a Tax Partner with an international firm for ten years, followed by several years with a regional firm. During his career, Ron spent seven years in a national tax role in Washington, D.C., focusing on domestic and international tax issues, mergers and acquisitions and IRS tax controversy matters.
About Cherry Bekaert LLP
As a nationally recognized, growth-oriented CPA firm, Cherry Bekaert LLP provides guidance and support that helps our clients move forward to reach their organizational goals. Our Firm’s industry specialists understand your marketplace, so we can help you make the most of emerging opportunities while minimizing compliance headaches.
Ranked among the largest accounting and consulting firms in the country, Cherry Bekaert specializes in offering solutions that impact our clients’ ability to grow. For more than 65 years, global corporations, private businesses, government entities, nonprofits, emerging firms, start-ups and successful individuals have relied on Cherry Bekaert to guide them forward to their growth destination.
One of the biggest tax breaks for manufacturing firms, the ‘Manufacturing Deduction’, is available under Section 199 of the tax code. Some manufacturers may not be entitled to claim this tax deduction. Hence, to eliminate the confusion, the Large Business and International (LB&I) division of the IRS has issued new guidance for auditors.
The Knowledge Group assembled a panel of thought leaders and professional speakers that will provide an overview of the changes in the Rule and, help companies and their counsel understand which entities can claim the Manufacturing Deduction and under what conditions and circumstances under Section 199 Rule in Manufacturing Contracts.
Key topics include:
- Section 199 Overview
- Qualified Production Activities Income (QPAI)
- Key Provisions on Domestic Production Activities Deduction
- New IRS Guidelines
- Tax Regulations
- Two Key Certifications
- Manufacturers Eligibility
- Benefits and Burdens
- IRS Audit Guides: Insights
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/