CNY Biotech Accelerator, Upstate Medical University Virtual Series: Qualified Emerging Technology and Research and Development Tax Credits & Cyber Liability/First Party Coverage
CNY Biotech Accelerator, Upstate Medical University presents
Qualified Emerging Technology and Research and Development Tax Credits & Cyber Liability / First Party Coverage
May 26, 2021
3:00 – 4:00 p.m. EST
Kevin Delaney, Vice President, Account Executive, Tompkins Insurance Agency AND Bob Teska, CPA and Rich Farley, CPA, Bowers & Company CPA
Register in advance for this meeting:
After registering, you will receive a confirmation email containing information about joining the meeting.
Public Authorities Law [3102-e(1)(c)] Chapter 56 of the Laws of 1998 and Chapter 63 of the Laws of 2005 made available three tax credits for companies that are qualified emerging technology companies (QETCs): the QETC employment credit; the QETC facilities, operations, and training credit; and the QETC capital
tax credit. These credits are available for businesses that engage in qualifying activities, such as
increasing employment, purchasing assets, spending for research and development, or providing
training to their employees; or for investing in QETCs.
This presentation will provide an overview of the Qualified Emerging Technology Company (QETC) tax credits and how cyber liability insurance can protect small companies from financial losses resulting from cyber-related events such as data breaches.