R&D TAX CREDIT MANAGER ™ Services
Providing Years of Knowledge and Experience
Planitax is comprised of knowledgeable tax professionals
with years of industry experience, gained while at Big 4 accounting firms
and as heads of corporate tax departments. The company has used this knowledge
and experience to create a suite of services that can be flexibly deployed
based on specific client needs—whether it is complete lifecycle support
or select areas of expertise to complement existing staff. They are an
integral part of the Planitax methodology and work hand-in-hand with our
software applications. There are three main service areas.
Planitax professionals work with corporate tax
departments to understand their company’s R&D operations, assess
the potential for claiming the Research Tax Credit, and determine the
efficiencies and cost-savings to be achieved by using web-based automation
to manage the process. A summary business case is prepared for management
review, from which a go/no go decision is made for the project.
As part of the assessment service offering, Planitax
experts identify the highest probability credit areas, as well as the
potential research tax credit opportunity.
The key deliverables of the assessment service
include:
- Identify eligible R&D activities
- Determine preliminary eligibility qualification
- Conduct risk and value analysis
- Prepare a value analysis report recommendation.
Depending on the company, an assessment takes
just a few days. But it prepares the business case to gain executive sponsorship
to move forward with the entire Research Tax Credit process.
After the assessment is finalized and approved,
our professional services consultants support every client project. From
the initial on-site kickoff meeting, through the filing of the research
tax credit, and beyond, the Planitax consultant will serve as the lead
for your project, ensuring the goals identified during the evaluation
phase are achieved .
Planitax supports clients through every part
of the process. Our experts provide overall planning, resource coordination,
and task management. Specifically, the Planitax team can:
- Develop an interview and documentation
strategy
- Build a comprehensive project plan
- Configure all business unit and reporting
hierarchies.
And because Planitax professional staff have
extensive real-world research tax experience, they can augment a company’s
tax and accounting team. Services include:
- Analyzing the base period
- Preparing lookback studies
- Conducting launch events
- Managing the interview/survey process
- Reviewing survey results
- Providing audit support.
In short, by using a proven methodology,
Planitax enables companies to improve responsiveness, increase the quality
and quantity of documentation, and maximize the amount of credit claimed
and sustained through audit.
As needed, Planitax works with a client’s
preferred third-party accounting or legal advisors, leveraging their prior
knowledge and experience with the research credit with a specific client,
as well as sharing the information and knowledge Planitax gathers with
them.
We also connect our clients with world-class
advisors who have extensive Planitax experience. This is done as needed
for legal and accounting support.
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