R&D TAX CREDIT MANAGER ™ Software
Planitax software supports the complete research
tax credit lifecycle—from automating the routine, administrative
tasks of gathering quantitative and qualitative information to substantiate
research activities, to analyzing and determining positions, to defending
an audit. The software is browser-based and is architected using 100%
pure Internet technologies. No software is installed on R&D staff
computers. The software is fully tailored to each company’s or division’s
needs, and is intuitive and easy to use. Secure, anytime, anywhere access
makes it easy to gather information from employees whether in the office,
on the road, at customer sites, or from home.
The Planitax research tax credit suite includes
three products:
The Planitax R&D Interviewer™
cuts the interviewing and documentation process from months to weeks by
leveraging corporate intranets and web-based technology. This 100% browser-based
survey tool, loaded with “tailorable” questions and rules specific
to research tax credit, facilitates rapid contemporaneous document collection
in a fast, easy, and secure way and accommodates company-specific language,
acronyms, and requirements.
Most importantly, by using the R&D Interviewer
™, companies eliminate slow, costly, manual interviews. Tax staff
can focus on supporting a strategic review of the automated survey results
to help determine positions rather than on conducting interviews and writing
up results.
R&D Interviewer™ has been designed to
meet the specific needs of corporations with multiple business units,
legal entities, and global accounting structures. As such, it serves as
a single, company-wide system of record for qualified research expenditures
(QREs) and contemporaneous documentation of company-wide R&D activities
over time.
The Planitax R&D Repository™
provides the distributed access to a single, secure, company-wide database
archive of all QRE’s and contemporaneous documentation for the research
tax credit, for all open tax years. This provides tax executives with
powerful negotiating leverage to bolster the company’s position while
under audit.
R&D Repository interfaces easily with all
major accounting, human resources and payroll systems such as SAP, PeopleSoft
and Oracle. The repository provides complete security and instant accessibility
to data from anywhere with corporate intranet access.
The R&D Repository is hosted and supported
by Planitax at a secure, world-class data center and requires no support
from corporate IT departments.
The Planitax R&D Analyzer™
is a multi-dimensional, browser-based, analysis tool that helps tax professionals
calculate research tax credit scenarios in a matter of hours, not weeks.
It can quickly compute Federal and State Credits, using regular and alternative
incremental credit. In addition, it can be used for returns, estimates,
provisioning, amended returns and planning.
The R&D Analyzer eliminates spreadsheet “memory
overflow” errors from too many rows of data, prevents problems associated
with sharing data between business units and corporate staff, and supports
aggregation across multiple business units and complex accounting structures
to the corporate parent level. Tax professionals can model the impact
of various wages, supplies, and contract research expense decisions as
easy as ordering a book online.
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