TCS Consulting

Companies actively engaged in Research and Engineering activities can save millions each year by taking advantage of the R&E Tax Credit.

 
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Our Unique Approach

TCS Consulting utilizes a uniquely structured ‘Forensic Engineering’ approach in your manufacturing sites garnered from our engineering experience in Fortune 500 corporations.

Phase I: Initial Site Visit & Estimate

A Phase I study will involve a site survey to understand current manufacturing processes and business practices related to trial and project work.,. Phase I involves interviews with key Technical and Production staff to identify qualified projects.  The result is an estimate of the potential benefits and financial return, and the costs for a Phase II project. A strategy is also developed specifically for your organization to improve your internal documentation system and train your personnel in using the new system.

Phase II: ‘Forensic Engineering’,  Internal Documentation Coaching, Training and Assembly of Summary Documentation:    

  • Training — we work with your Engineers, Technical, and Production staff so they understand the sort of project work which qualifies for the credit. This is generally eye opening for your staff; they realize a lot of their time is spent on qualified activities. 
  • Forensic Engineering — is a very thorough process of gathering all available data on qualified projects and activities. Like good detective work, this painstaking method uncovers a thorough picture of the qualified activities.
  • Coaching — we work with Technical and Production staff to improve or develop a solid system for contemporaneous (internal) documentation, ensuring better returns in the future, then train them in the time-efficient use of the system.
  • Assembly of Summary Documentation — taking all the data assembled by our forensic engineering efforts, we provide a structured presentation with embedded contemporaneous documentation of all qualified research expenditures, along with a Methodology Memorandum and Interview summaries.

Phase III: Ongoing annual work

  • Annual assembly of summary documentation
  • Refresher training—tax code changes, new case law, train new employees
  • Implement new Best Practices for internal documentation system.
 
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