Research and Development Case Study
Sophisticated Web-Based Software for Contractor Management Delivers Consistent Results and Tax Benefits
Background
The growth curve for this client has been virtually vertical for the last 10 years.
Meeting the need to simplify a very cumbersome, expensive and time consuming contractor pre-qualification process, the client’s “solution” quickly spread to government and multiple industries, including aerospace, manufacturing, energy, food and beverage, pharmaceuticals, oil, gas and utilities.
Software creation and processes are a natural fit for claiming research and development tax credits. However there was management concern that the opportunity to maximize viable state and federal incentives were not being maximized – potential tax savings that would be particularly advantageous for a fast growing company.
Solution
Tax Credit Co.’s approach, with software customized for each client, assures that new advances and subsequent improvements in all aspects of product performance and delivery are addressed 24/7.
To deal with the complexity of this client’s ever-improving “solution,” a Tax Credit Co. R&D specialist team consisting of field analysts, statistical specialists, and tax counsel worked alongside client technical management to examine the role of each participant in the software development and delivery process, and identified recoupable value.
Tax Credit Co. quality control analysts then meticulously assembled a detailed and rationalized documentation package that financial management could use with 99% confidence for any federal or state audit challenge.
Results
An expeditious analysis process garnering a near six-figure credit capture.
