Bedford provides a detailed and well-documented R&D Tax Credit process, ensuring a high quality deliverable. Bedford utilizes industry best practices following current tax law and standards deemed acceptable per the IRS R&D Audit Techniques Guide.
We use a tailored approach to best serve each client and provide the optimum solution for every business type and size. Generally, our approach includes the following phases:
Phase 1 – Feasibility and Assessment
- Review your business and tax needs based on previously completed questionnaire
- Host follow-up call to review findings and discuss any additional questions
Phase 2 – Proposal and Presentation
- Prepare and present custom approach and methodology based on Phase 1 findings
- Issue engagement package
Phase 3 – Gathering of Documentation and Analysis
- On-site visit of facility to observe your process and products related to the R&D process
- Obtain relevant documents
- Interview employees
- Analyze data and calculate the R&D tax credit
Phase 4 – Presentation of Findings
- Present credit deliverables and field any questions
- Provide procedural recommendations to enhance future incentives
Phase 5 – Audit Protection
1. IDR level audit protection included in study
For more information please contact our R&D specialist at taxcredits@bedfordteam.com
