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R&D Tax Credits, Boston, Massachusetts
Tax Point Advisors, Inc. largest provider of R&D tax credit services to Boston area CPA's and their clients.
Our Competitive Advantage
Unlike our competitors, Tax Point makes a minimum of three client site visits for each R&D study, large or small. The first is part of the pre-engagement process; it qualifies the activity that meets the IRS’ definition of research and development, and provides the client with a highly accurate credit range. The next few visits are part of the study process, in which we perform a detailed analysis, and document technical issues. These in-person visits allow us to better understand the clients’ processes, and lead to stronger study reports and more accurate credit numbers.
Tax Point’s pricing is done on a fixed-fee basis. Our fixed fee can be half of our competitors’
In a Tax Point R&D study, the client owns all of our work. Competitors retain work calculations and supporting documentation, and claim them as proprietary information. This means that the study report is useless under audit unless that client retains them for audit defense. In our study, we provide not just the final numbers, but ALL of the work that got us to there, allowing full transparency, and giving the client control and ownership of all of the data.
Unique to Tax Point Advisors, each and every study report we complete receives a thorough review from an independent tax attorney before the study report is completed, printed, and delivered to you and your client. This review is at no additional expense to the client. This measure of quality control enables us to feel confident that the qualifying activities and credit amount we report are within the IRS guidelines. In the event that audit defense is required by the client, this independent third-party attorney is available, at the client’s option, to provide audit defense for a study that he is familiar with and which he has already vetted for qualification.
As part of the study process, and included in our final study report, Tax Point provides a full response to the IRS’ nineteen-part Information Document Request (IDR). The IRS has standardized the IDRs specifically for R&D audits, and this has allowed Tax Point Advisors to take the pro-active approach of answering these ‘on the front end’ for your client. Although the questions are now standardized, the answers are specific to your client’s project, and if an audit is triggered at any point in the future, these questions are the first thing to which the IRS requires response. The client has this response available immediately, which saves time and money; as the responses were written at the time of the study, there is no need for the client to go back and research the answers.
The Tax Point approach is at the core of our 100% success rate -our approach maximizes credit yield and generates a low audit rate - and we have never had a client’s credit denied under audit.