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Frequently Asked Questions

Listed below are some of the most frequently asked questions our team receives about R&D tax credits

How does STRIKE calculate the federal and state R&D tax credits?

For the most part, STRIKE works in a 4-Step Process:          

  1. Preliminary Analysis (Discovery and Credit Estimation)
  2. Credit Calculation
    - Qualitative Analysis: an activities-based analysis to gather and review supporting project documentation) and
    - Quantitative Analysis: Analysis of financial documents to aggregate qualified research expenses (“QREs”) using various methods, including interviews, surveys, questionnaires, and proprietary tools.
  3. Documentation and Substantiation of the Credits (deliver of an audit-ready deliverable, including package of our calculation and methods)
  4. Audit Support (if the credits were to ever be challenged by the IRS or state, we stand by your side).

Depending on whether a company has previously claimed the R&D tax credit or not, our methods could vary. Also, since every R&D engagement is unique and has varying levels of complexity, some steps can be eliminated or adjusted as necessary.

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