Tax Credit & Incentives Services: Calculation, Documentation, Audit Protection
Tax Credit & Incentive Services Background
AndreTaxCo provides a detailed and well-documented tax credit process, based upon extensive IRS and/or state taxing authority audit experience pursuant to authoritative tax precedence and IRS publications to ensure a high quality deliverable.
AndreTaxCo utilizes industry best practices following current tax law and standards in consideration of publicized IRS and applicable state audit techniques guidelines. We use a developed client specific approach to best serve each client's position and provide optimal solutions for every business situation, facts, and circumstances.
R&D Tax Credit Incentives
Hiring Specific Employee Credits
Energy Industry Credits
Railroad Industry Credits
Alternative Fuel / Vehicle Industry Credits
Alcohol Industry Credits
Low-Income Targeted Credits
Building Modification Credits
Employer Benefits Credits
Generally, AndreTaxCo's credit & incentive services approach includes the following phases:
Phase 1 – Feasibility & Assessment
- Review your business and tax needs based on preliminary questionnaires, scoping discussions, and review of client workpapers
- Host follow-up meeting(s) to review findings and discuss any additional questions
Phase 2 – Proposal and Presentation
- Prepare and present client specific eligible benefits, documentation approach, and methodology based on Phase 1 findings
- Issue engagement proposal
Phase 3 – Gathering of Documentation and Analysis
- Obtain relevant documents
- Interview employee(s)
- Investigate company processes and products and/or on-site visit of facility to evaluate qualified activities
- Analyze data & calculate applicable federal and/or state tax credit(s) and incentive(s)
Phase 4 – Presentation of Findings
- Present federal and/or state credit(s) and incentive(s) deliverable and discuss any questions
- Provide methodology memo and/or procedural recommendations to streamline and enhance future engagements
Phase 5 – Audit Protection
- General audit level protection included in study regarding Federal or State taxing authority Information Documentation Request (IDR). Note, additional and/or specific documentation may be requested dependent upon the inquiring tax agent
- If specific tax incentive claims are not supported by sufficient support (e.g. engineering documentation, contract agreements, CAD models, test reports, etc.), this may create additional risk exposure upon exam
- As such, we offer supplemental audit defense and contract review dependent upon your tax situation and as agreed within our Scope of Services