Collect a list of projects, recent tax returns, financials, and other documents and information relevant to the claim.
Gather Preliminary Information
Meet with our professionals for a 30-minute discussion detailing high-level information around activities and expenses.
For smaller companies, meetings might be held directly with the chief financial officer (CFO) or controller. Meetings with larger companies can also include a technical subject matter expert (SME) like the chief technology officer (CTO).
Conduct Initial Meeting
Dive deeper into the specifics around projects and costs. For example, contract agreements, vendor-level cost detail, and time tracked to projects may be applicable.
Requested details can vary depending on your industry and the internal systems you have in place.
Gather Detailed Information
Assess how credits might be applied to your activities and receive a cost/benefit estimate.
The scope of work could depend on many factors—such as the number of years, projects, employees, and contracts that need to be evaluated—and will be customized to meet your specific needs.
Evaluate Credit Usability
Help strengthen your case by engaging those most informed on the work and who helped make your innovation a reality.
Important personnel can include the CTO, chief medical officer, vice president of engineering, project managers, among many others depending on your industry.
Interview Subject Matter Experts
Compile your records to help document the credit. These can include designs, test reports, evaluations, and communications that detail the analysis that took place.
Determine how credits can be obtained at both levels. Many states offer credits modeled after the federal R&D tax credit. Some are refundable or can even be sold.
Evaluating the locations where you perform research can help enhance your overall benefit.
Calculate Federal and State Research Credits
You’ll receive a summary of results as we coordinate with your tax return preparer to finalize credits.
Leverage Existing Records