Titan Engineering – Leveraging Technology to Drive Efficiency
Titan Engineering is a software company made up of a diverse group of tax experts, engineers, and developers that all work together to provide a level of service most other companies only dream of.
We’re able to provide the best value in the industry because we merge our proprietary software solutions with unmatched engineering and tax expertise, and offer our services as a package that saves our clients time, money, and frustration.
Simply put: Our in-house industry experts + Our proprietary technology and software = Streamlined processes that drive efficiency for our clients.
Because of Titan’s innovative approach, CPAs and manufacturers all over America are able to make more money, reduce their tax bill, and ultimately help fuel innovation and drive the American economy.
Titan Armor is our unique solution that helps CPAs and business owners claim the R&D Tax Credit.
The R&D Tax Credit fuels American innovation by reducing the tax bill of qualified businesses and protects American jobs by keeping our technological capabilities here in America.
Titan Armor started with this vision in mind, and continues to help American businesses thrive by claiming the R&D credit and offsetting the cost of premium American talent.
Here’s how Titan Armor began:
In 1981, R&D tax credit was put in place, but for 20 years it was only available to companies that were doing things that were considered patentable.
That changed in 2001, when congress changed the definition of R&D to open up the credit to mid-market companies. However, claiming the research credit required engineering, accounting, and legal analysis, which most CPA firms didn’t have, so they started hiring R&D consulting firms.
Fast-forward to 2008, and the Treasury Department published guidance saying they disapproved of “year-end estimating” as a way of claiming the R&D credit, which was the way most boutique consulting firms were doing it.
That’s where Titan Engineering found its opportunity to help. Titan was hired to build a custom software solution to help a client who was being audited during this time of transition from the “old” way of claiming the research credit to the new way.
After sitting down with the IRS auditors and walking step-by-step through what they were looking for when deciding to allow or disallow research credits, Titan Engineering was able to piece together the first software solution capable of delivering exactly what the IRS wants to see and how they want to see it.
Our humble beginnings of building our R&D software solution in front of the IRS created a spark of interested clients who couldn’t wait to get their hands on the first bulletproof, defensible way to claim the R&D credit.
From those humble beginnings in 2008 until now, we’ve not only fine-tuned our R&D software solution, but we’ve meticulously put together an A-Team of in-house engineering and tax experts in order to offer the first ever all-in-one R&D solution.
Today, Titan Armor combines two vital components – our proprietary software and expert service – to provide our clients with the most reliable, defensible, and cost-effective way to claim the R&D Tax Credit.
Titan Echo: Cost Segregation Solution for CPAs and Property Owners
As Titan Engineering worked more and more within the CPA community, we began to receive requests for solutions to help solve other problems CPAs faced. One of those problems was cost segregation.
At the time, CPAs were leaving money on the table for their clients who were property owners, because cost segregation studies:
- Had to be done by someone with an engineering background (typically a consulting firm or in-house engineer)
- Both consulting firms and in-house engineers were expensive
- Most consultants wouldn’t do a cost segregation study on anything with an original basis of less than $1 million
After seeing how Titan Engineering innovated and simplified claiming the R&D Tax Credit, CPAs starting asking for a similar solution to solve the issues they were facing with cost segregation so they could serve their clients better and grow their firm in the process.
With feedback from our CPA partners, we built Titan Echo, our innovative cost segregation solution.
Titan Echo helps CPAs quickly and easily:
- Leverage Cost Segregation
- Comply with the IRS Final Tangible Property Regulations
Like Titan Armor, Echo leverages Titan’s professional engineering capabilities to empower CPAs to provide more services and bring more value to their clients.
Once again, our three-fold solution (software, engineering, and tax expertise) has proven to offer the most effective solution on the market for CPAs leveraging cost segregation for their clients.