Many companies who handle the R&D tax credit in-house often have many questions or concerns about their own level of expertise. Our 64-Point Reverse Audit program will provide your company with a step-by-step guide and SWOT analysis with valuable insight on how to correct errors, strengthen your claim, and feel conﬁdent about your R&D tax credit.
Handling the R&D tax credit in-house has its challenges, such as keeping up with changing legislation and tax code guidelines, and uncovering all pockets of innovation throughout your company. Using modern tools tailored to encourage SME participation, we ensure all your documentation is audit-ready, so you can have confidence in your tax reporting.
Our reverse audit process consists of our MASSIE team performing a deep dive into your past claims, and conducting a thorough review of other public or securely provided information. The process usually takes 3 to 6 weeks. The result is typically a 40 to 60 page analysis of your claim’s strengths, weaknesses, opportunities, and threats. We provide a step-by-step guide on how to fix or improve what you are currently doing today. We look at your claim as the IRS would, with regard to weaknesses and threats, and show you where you are most at risk under audit.
There are three areas that typically stand out:
- Incorrect calculation of base periods
- Documentation that does not adequately support the numbers claimed
- Overlooked innovation throughout your company that could be included
We’ll give you what you need to correct and strengthen your claim.