SR&ED Tips

SR&ED TIPS FROM our RESIDENT CPA

Our SR&ED tips help with everything from what software to use, to documentation and the technical reports. But we also talk about anything related to business and what our clients have done to make themselves successful. Unlike most other SR&ED firms, ours is owned and operated by a team of CPA’s who have been dealing with tax, accounting, payroll and audit issues their entire lives. When we provide a SR&ED Tips, it comes from a team of people with decades of experience and know how.

SR&ED Advice

If you are looking for a specific piece of information, simply contact us, and we can usually get you an answer within 1 business day at most. We are also happy to provide video responses or work with a specific scenario you are in whether it’s an audit or some confusion on what can and can not be claimed in your SR&ED tax credit claim. We are also happy to provide guidance and advice to those who are navigating the SR&ED waters by themselves. Whatever the situation is, or whatever the industry is you are in, we’ve probably seen or been involved with something similar.

CLIENT NETWORK

We are fortunate enough to have a large client base with which to draw from. While privacy is always paramount, we are able to draw on the knowledge gained from our clients over the years to offer advice on software, payroll best practices, hours tracking and more. We also introduce clients when appropriate, and have had several that have worked together on short term projects and some that are still working together to this day. Needless to say we look to add value to your business, even outside of the SR&ED tax credit program.

Our CPA Can Help With These Pro Tips

SR&ED got you down? Don’t worry, our CPA can help. Preparing your SR&ED claim like a Chartered Public Accountant (CPA) is all about being organized, or so I’m told. I had a conversation recently with our…

Kickstarting SR&ED: Essential Startup Insights 1.1

Welcome to Bloom Technical’s SR&ED Academy, a hub where the intricate world of Scientific Research and Experimental Development (SR&ED) becomes clear and accessible. Here, we peel back the layers of SR&ED – yes, pronounced “shred”, reminiscent…

Simplifying SR&ED: Navigating CRA’s Helpful Toolkit 

Ah, the Scientific Research and Experimental Development (SR&ED) tax credit program. It’s a mouthful and, honestly, a bit of a headache if you’re navigating it solo. Luckily, the good folks at the Canada Revenue Agency (CRA)…

Why SR&ED Consultancy Outsourcing Makes Sense

Ask yourself “Why SR&ED consultancy outsourcing makes sense?” It’s so that we take care of all that boring paperwork, while you continue to do what you do best – innovating. SR&ED tax credits… They’re a bit…

Mining for Gold: Spotting SR&ED Nuggets in Daily Operations

Strike the SR&ED tax credit mother lode! It’s a boon that’s a stone’s throw away, yet sifting SR&ED eligible activities from your daily operations can sometimes feel like searching for a needle in a haystack. But…

Effective Ideation & Brainstorming: Tips for Effective Innovation

Introduction: In today’s competitive business landscape, innovation is a key driver of success. To stay ahead, businesses need to consistently generate fresh ideas and solutions. This is where effective ideation techniques come into play. In this…

Mastering SR&ED Claim Meetings: Your Pathway to Success

The SR&ED claim process calls for many key steps, one of the most essential being the orchestration of an effective claim preparation meeting. It’s in this meeting that your company’s technical team and SR&ED consultants converge…

Ideation Creativity: Unlock Your Team Potential

Creativity fuels innovation. It transforms ordinary tasks into amazing feats, powering business growth. But how do you nurture creativity? Whether you’re an entrepreneur or a team leader, it’s your key to success. However, in a structured…

Pros and Cons of CCPCs vs. non-CCPCs: A SR&ED Showdown

Picture the SR&ED tax credit program as the Canada’s innovation arena. In one corner, we have Canadian controlled private corporations (CCPCs) and in the other, non-CCPCs. They’re both scrappy, they both pack a punch, but they…

Identifying SR&ED Eligible Work

Ready to delve into the thrilling world of Identifying SR&ED tax credits like a seasoned detective uncovering hidden truths? Let’s swap your magnifying glass for these hints, providing the ‘whodunnit’ of differentiating routine work from eligible…

The Art of Defining Your SR&ED Projects: A Comprehensive Guide to Nailing It

Snag those awesome SR&ED tax goodies by nailing your research and development project descriptions! When you’re in sync with Canada Revenue Agency (CRA) rules, your claim’s success skyrockets. So, let’s cruise through defining your SR&ED projects…