The Flagship Service

Your books close every month.
Your R&D should too.

Each month we run a structured close of your R&D records across three reviews, so your credit is captured as the work happens and your annual study is already built.

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Why It Matters

A monthly close, for R&D tax.

Your accounting team closes the books every month to stay accurate and current. Your R&D credit deserves the same discipline. The Monthly R&D Close applies that rhythm to research activity, capturing the work, the people, the costs, and the evidence while they are still fresh.

The result is a continuously maintained record. When the annual analysis begins, the facts are already organized and reconciled, rather than reconstructed from memory.

What’s Included

Comprehensive, and done properly.

Financial review

  • Payroll and employee changes
  • Potential R&D wages, supplies, contractor costs
  • Potential QRE rollforward
  • Reconciliation to source records

Project review

  • New, continuing, and completed projects
  • Business-component maintenance
  • Technical activity captured
  • People and costs mapped to projects

Documentation review

  • Engineering records and tickets
  • Tests, prototypes, and specifications
  • Statements of work and invoices
  • Gaps flagged before year-end
Deliverable: Updated monthly R&D records and a concise Monthly R&D Report for management.

Costs tracked during the year are potential R&D expenses, not Qualified Research Expenses, until qualification is completed in the annual R&D analysis based on the taxpayer’s facts and applicable requirements. Novaric does not guarantee eligibility, credit amounts, or any IRS outcome.

The Payoff

Year-end becomes a close, not a reconstruction.

Twelve months of small, organized steps replace one year-end scramble. The annual study becomes a transcription of a record that already exists.

Let’s see if this fits.

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