Research & Development Credits

The CFO Process

CFO Services offers a seamless extension of your tax department, providing state incentive strategies and solutions that have been developed over the last 20-plus years. Whether the information is project specific or all-encompassing, our approach is to maximize benefits and minimize the time necessary of the client company. We provide this via a “phase” approach. CFO Services gathers the relevant information, prepares the necessary paperwork, and identifies/captures the various incentives available for your business.

Phase 1

Quantitative:

  • Interview key company personnel to gain insight into business activities   (past, present, future)
  • Discovery period – What type of incentives are applicable?
  • Identify company documentation available for substantiating activities

Qualitative:

  • Review taxpayer status
  • Review company financial information for credit/refund effectiveness
  • Review company employment and investment documentation
  • Review the “applicable state” and their incentive offerings

Deliverable:

  • Identify and provide a summary of “applicable state” incentive offerings
  • High level estimate of potential benefits to be realized
  • Work plan for documenting the Phase II process

Phase 2

Quantitative:

  • Gather all financial information necessary to obtain benefits
  • Prepare a calculation model specific to the company’s business and the   “targeted” programs
  • Finalize workpapers necessary to obtain benefits
  • Perform a quality review

Qualitative:

  • Conduct detailed interviews with Company personnel
  • Capture all contemporaneous documentation
  • Prepare detailed reports as required by the regulatory agency and the process   internally, at CFO Services

Deliverable:

  • Filing of actual workpapers and support necessary to successfully obtain   benefits
  • Guidance/assistance/follow-up from CFO Services professionals related to   future filings

Phase 3

  • Newsletter recipient of the CFO Services’ “Incentive Update”
  • Ongoing activity as it pertains to business incentive legislation
  • Ongoing assistance available from a staff of CFO Services professionals
  • Facilitation/representation during audit(s)