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.

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…

Navigating the SR&ED Expenditure Maze: The Canadian Guide

Canada is a land that cherishes innovation, and the government encourages businesses to invest in scientific research and experimental development (SR&ED) projects by offering attractive tax incentives. However, navigating the SR&ED landscape can feel like trying…

SR&ED Tax Credit Program: Calculating Your Return

Calculating the investment tax credits for the taxation year can be a long, complex process. However, don’t let it daunt you. You’ll have an easier time navigating the entire process if you divide it into small,…

SR&ED Tax Credit Program: Qualifying Criteria

It’s important to take certain steps to determine whether your project qualifies as experimental development. The CRA takes five important questions into account when classifying projects that are a part of the SR&ED Tax Credits program….

SR&ED Tax Credit Program: Why You Should Work With an SR&ED Consultant

You’ve done plenty of research on the SR&ED claim preparation process, and now you’re ready to take the next step by filing your own claim. If you’ve reached this stage, you probably want to make sure…

SR&ED Claim Processing Times

SR&ED claim processing times are a bit of a mystery sometimes. When you file an SR&ED Tax Credits claim, you want to ensure that you know what to expect from the process. This includes familiarizing yourself…

SR&ED Financial Evidence

SR&ED financial evidence is very important for your claim. You already know that the CRA requires technical evidence in the event of a CRA SR&ED audit. However, it’s also important to keep in mind that financial…