- Better identify tax opportunities
- Our proven methodology developed from years of experience intelligently
identifies all opportunities.
- Improved identification of qualifying activities, especially
outside core research areas.
- Can easily run year-over-year comparisons to surface overlooked
opportunities.
- More thoroughly document gray areas
- Broader, deeper information documented in controversial areas
(e.g., plant personnel) by researchers strengthens positions under
audit.
- Electronic forms make it easier and faster for R&D staff
to provide substantiating documentation. Eliminate traditional
approach of supplying and organizing hard copy documentations.
Result: stronger substantiation for claimed positions.
- Online surveys lower risk of leaking intellectual property
through third parties. Less intrusion on R&D staff enhances
ability to provide more documentation.
- Minimize audit exposure
- Lowers audit risk because of higher quality and quantity documentation,
completed by employees rather than third parties.
- Turnover in research and/or tax staff is no longer an issue.
Activities are securely archived and readily available in the
Planitax R&D Repository.
- Data can easily be re-loaded to amend
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- Improve cost effectiveness and bottom line
- Replace costly, in-person interviews with less expensive online
surveys.
- Interview/survey all geographically dispersed operations cost-effectively.
- Hold less reserve by having deeper, more accessible and sustainable
documentation for IRS inquiries.
- Eliminate high costs of executive, tax staff and consultant
time to support an audit.
- Control and maintain information assets and easily build on
what has been accumulated from prior years. Information value
and accumulated in-house knowledge compounds over time.
- Complete the process in weeks, not months
- Collect information more quickly, in a fraction of the time
of antiquated, traditional methods that use in-person interviews.
- Improve relationships with R&D executives and staff by
taking less of their time and more effectively protecting intellectual
property.
- Spend less time on compliance and administrative tasks and
more time on strategy and planning.
- Automated survey and document repository storage lessens drain
on tax department staff.
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