Documentation and Discovery requirements were relaxed.
The goal was to keep innovation and creativity in the U.S. And encourage economic growth.
Clients can now receive cash back and/or tax credit benefits for conducting technical activities and meeting the tax regulation requirements.

THE R&D TAX CREDIT TEAM MUST BE COMPRISED OF THE FOLLOWING PERSONNEL:

IP Attorneys, tax attorneys
Engineers and Scientists from various disciplines
Audit Experts
Client CPA/Trusted Advisor-involved every step of the way.

Our technical and legal staff work together at every step of our progress to efficiently perform the following activities to conduct R&D Tax Credit studies:

Collect necessary technical and financial data
Perform technical interviews and document qualified projects and activities
Perform R&D Allocation interviews and document qualified expenditures and key employees' involvement
Perform research on case laws, technical briefing, private letter rulings, etc.
Interpret tax code and regulations
Calculate the credit at Federal and State level
Defend the client in case of Audit (if needed)

THE R&D TECHNICAL REPORT

The R&D Study/Technical Report is where all the arguments, documentation of qualification and quantification must coalesce into a coherent statement of why, when, where and how much. The Study will convey the credit being taken and the basis for such amount. For a credit with varying qualitative issues, the report is critical.