TapTest.co by DeepMill provides a software platform that simplifies the documentation of qualifying activities for the IRS R&D Tax Credit. It guides businesses through the four-part test, ensuring proper recording of technological development and experimentation to support tax credit claims.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses seeking to claim the IRS Research and Development (R&D) Tax Credit often struggle to adequately document their qualifying activities, particularly the four-part test. This documentation gap can lead to disallowed claims and compliance issues.
Solution
TapTest.co by DeepMill offers a software platform designed to streamline the documentation process for the IRS R&D Tax Credit. The system guides users through the required four-part test, ensuring that development activities, including those involving new or improved business components like software, products, or processes, are properly recorded. It facilitates the capture of evidence demonstrating that the development process was technological in nature, aimed at eliminating uncertainty, and involved a systematic process of experimentation. The platform is designed to be agnostic to the specific hardware or software tools used in the development lifecycle.
Target Audience
Businesses, particularly those in technology and manufacturing sectors, that are pursuing the IRS R&D Tax Credit and require robust documentation of their qualifying development activities.
Features
- Guided workflow for documenting the IRS R&D Tax Credit's four-part test.
- Features for capturing details on new or improved business components (products, processes, software).
- Tools to evidence the technological nature of development activities, relying on engineering and computer science principles.
- Functionality to document the elimination of technical uncertainty through experimentation.
- Support for recording the process of experimentation, including modeling, simulation, and trial-and-error.
- Compatibility with various brands of machines, tooling, and software used in development.