The Inovatec Methodology
The Inovatec Methodology is designed to optimize R&D Tax Credits for small to medium-sized businesses.
Initial Assessment
During the preliminary phase of the Inovatec consultation, we use our proprietary assessment tools to determine if the scientific and technological activities of the client company qualify for federal and state R&D Tax Credits. We also provide an estimate for the anticipated tax credit or refund.
Detailed Analysis And Calculation
If the results of the initial assessment show that the company qualifies for an R&D tax credit, we meet with its technical and accounting staff to obtain detailed information about qualifying research activities. Our tax professionals use the company’s own financial information to calculate eligible R&D Tax Credits.
Substantiating Report
The Inovatec technology tax team then
develops one or more detailed qualitative
and quantitative reports that substantiate
the company’s technical activities. Our
technology tax team includes patent attorneys
and technical personnel with several
years of experience in evaluating diversified
technologies.
We work with the company’s CPA to
amend the appropriate tax returns based
on our calculated R&D Tax Credits.
Qualifying Research Activities
A company qualifies for the R&D Tax
Credit if it intends to apply the information
being discovered to develop a new or
improved business component, such as
any product, process, computer software,
technique, formula, or invention, for use in
trade or its business.