HOW THE MASSIE METHOD WORKS
SITUATION ANALYSIS AND ASSESSMENT
- We take time upfront to thoroughly understand your business and your culture, and we work to determine how to communicate most effectively with your teams.
- We study your company processes and the type of work your company does, and we review the products and services you have launched.
- We interview key personnel for details about your products and services. We determine which SMEs have information pertinent to the study and decide the best method to communicate with them. We then create the most efficient and convenient way for them to submit their departmental documentation.
- We understand that one size doesn't fit all. Customization and flexibility are key attributes to our innovative philosophy.
- After gathering key information, we perform a snapshot analysis of what your R&D tax credits currently look like.
- We advise you of the potential tax credits available and walk you through our process to determine the best strategy for your company.
- We perform user-testing to ensure we get the most accurate answers and documentation from your SMEs.
- This phase results in a customized plan of action designed to work with minimum interruption to your SMEs' schedule, and with the least amount of involvement from your tax department.
SME TRAINING AND DATA COLLECTION
Based on our customized plan of action, we meet with designated SMEs and introduce them to a variety of communication tools and reporting options: flexible meetings, video conferencing, mobile-enabled data collection, step-by-step guides, and instructional video clips.
- We provide tailored training and support to your SMEs, so they understand the most efficient and effective way to communicate the data your tax department needs with minimal interruption. This can include videos, guidebooks, video conferencing, SME FAQs, secure email etiquette, and incentives.
- We work with your SMEs’ schedule to be less disruptive and to allow time for peer review and user testing of sample questions.
- With our user-friendly reporting tools, your SMEs record their activities on a regular basis, with greater detail, and in their own words. They can note if they have supporting documentation that can be referenced at audit, where that data is stored, and where their time is being spent. After they submit their information, our expert team members will review and ask necessary follow-up questions.
- The improved, more efficient participation from your SMEs greatly reduces the time commitment from your tax department.
- Our process is completely transparent and gives your tax department more insight and visibility into the progress of your tax credit project.
Regular SME activity updates and a process that is easier on everyone involved encourages greater participation, which leads to more accurate tax estimates, larger credits, and smoother audits.
COMPREHENSIVE FINAL REPORT
- We review all gathered documentation to ensure it reflects an accurate picture of all your projects.
- Accurate documentation, directly from your SMEs, from more business components, ensures we have everything we need to file your tax credit.
- All gathered support documentation is presented in an electronic, searchable, audit-ready final report. This allows you to address IRS inquiries quickly and comprehensively, thus making audits easier, less expensive, and less time consuming for everyone involved.
We start with the end in mind - easily accessible and accurate documentation that results in larger tax credits and stress-free audits.