Research and Development Case Study
On-time Performance Doesn’t Just “Happen”
Background
This client is part of the world’s largest private operator of multi-modal transportation, including rail, bus, ferry, taxi and para-transit services.
With 30,000 employees, serving almost 3 billion passengers a year, the route to profitability and maintaining schedules does not just happen with a conductor’s pocket watch. It takes continuous iterations of complex systems and procedures to deliver contracted services on time and on budget, with which significant time and investment can be recuperated and re-purposed.
Solution
Tax Credit Co. conducted an extensive multi-state R&D tax credit study to capture unrealized value. Using a team of specialists including field analysts, statistical specialists, and tax counsel, immersed themselves into client software and systems development to qualify credits where activity focused on a “process of experimentation” for new and improved functionality and performance.
Tax Credit Co. quality control analysts then meticulously assembled an “audit ready” documentation package that financial management could use with 99% confidence for any federal or state audit challenge.
Results
Tax Credit Co. secured a seven-figure total credit, including federal and state tax incentive zones which was deemed impressive, even on a global basis by client management.
