Frequently Asked Questions
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Pricing is very simple with no hidden charges.The price is simply a percentage of the federal and state credits computed.
Or, if you prefer, we can propose pricing based on estimated usage for the year converted into a monthly fee.
Fees are assessed at two milestones. A small progress fee is assessed when data is sent to the AI for initial predictions. A net final fee (net of the progress fee paid) is assessed when the credit is finalized, and the report is produced.
See our pricing here.
You can be using the tool tomorrow!
We can provision accounts for your team within 24 hours and they can begin using the system right away.
SPRX provides over 40 separate automations.
We recognize that each taxpayer has unique facts and that there is not effective “one-size-fits-all” process to computing an R&D credit. Accordingly, SPRX provides multiple automations for each step of the process.
For example, SPRX provides three technologies for gathering and loading wage data. Direct Connect technology allows users to connect directly to the taxpayer’s payroll system and export the necessary wage data. Intelligent Imports technologies allows the user to load wage data from any spreadsheet or .csv file. Of course, users can manually enter wage data if necessary.
SPRX has automations to enhance any R&D credit process.
Of course, if you have an in-house R&D credit expert, automation can help them improve accuracy, quality, and efficiency.
However, if you don’t have an in-house R&D credit expert, SPRX experts can outsource the backroom operations for you. SPRX can help structure the computations, gather, and load data, validate predictions, and review the final report.
We can provide as much assistance as necessary.
SPRX provides users with an online R&D credit guide that contains plain English explanations of the R&D credit rules. This can be a useful tool to get up to speed on the R&D credit rules.
In addition, SPRX users have access to our R&D credit experts who are led by Mark Andrus. Mark has over 28 years of R&D credit experience and is the former Global and U.S. R&D Incentives Leader for Grant Thornton LLP. Mark has represented thousands of clients before the IRS, has spoken at countless industry events, has trained many of the R&D credit leaders in the industry today, and has even appeared on radio and TV to discuss R&D credit matters. Mark was an active participant in crafting the R&D credit regulations and personally wrote several of the examples included in the final regulations.
The SPRX system scales seamlessly. There is no limit to the number of projects, employees, or G/L accounts that can be loaded in the system. Similarly, there is no limit to the number of research documents that can be loaded and analyzed by SPRX.
Spreadsheets are often insufficient for processing complex computations. Spreadsheets have been proven to contain errors in over 80% of the time. The more complex the computation the more significant a simple spreadsheet error. Also, spreadsheet computations must be reviewed over and over manually, whereas computation models such as SPRX are tested using sophisticated testing software.
IRS auditors typically want to review the mechanical accuracy of the computation and review the supporting documentation for the credit. SPRX provides these items in an accurate, organized way. The IRS has accepted this information, just as it accepts any other provider’s information.
The big difference is that SPRX A.I. analyzes the entirety of each piece of research documentation. This provides taxpayers a significant advantage during an exam. The other providers often don’t read research documents, or they perform a cursory review at best. As a result, the IRS often finds harmful documents during the exam process and uses those documents to disallow the taxpayer’s credits.
Financial auditors will be over the moon with excitement when the taxpayer provides a final report along with the final credit in support of the tax provision. This often significantly reduces or eliminates R&D credit questions during the provision review. Remember, all SPRX R&D credits are reviewed by tax experts and subject matter experts before the number is finalized.
The resulting qualification decisions are equally, if not more, accurate to those made by any other provider. The SPRX difference is that with A.I., the tax professionals are able to make final determinations much more quickly.
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