service is assisting firms with the preparation
and submission of Scientific Research and
Experimental Development (SR&ED) tax
credit claims. Many firms, in a variety
of industries, under-claim their full cash/tax
credit support entitlements.
Our goal is to assist
these firms in maximizing their potential to claim
and receive this funding support.
The key to the growth and success
of our company comes from our ability to focus
on the needs of our clients. We take the time
to meet with our clients, to learn about their
business, discuss any potential R&D activities,
explain the nature and characteristics of the
SR&ED program, and to help them understand
how they can access government programs to support
the costs of their R&D efforts.
a “cradle to grave” approach in
all of our engagements.
Typically we would
start by holding an initial meeting with the
client’s senior management and technical
staff in order to scope out the eligible activities.
Next we would
request an initial internal calculation of expenditures
and any assistance and/or contract payments
received on account of the SR&ED activities
prepared by our client.
From this point
we will direct our activities in an effort to
maximize the potential investment tax credits.
The anticipated work will include: meetings
with key corporate personnel; the identification
and review of any additional potentially eligible
projects, expenditures and any related sources
of financial assistance and/or contract payments;
researching the appropriate treatment of activities,
expenditures and receipts; and the calculation
of all expenditures identified as eligible to
be claimed based on the client’s qualified
We provide our
client’s technical personnel with assistance
and guidance on the preparation of the technical
project descriptions required to be submitted
as part of the SR&ED claim. We will then
undertake to edit/provide any feedback necessary
to improve the description(s) to be submitted
to CRA with the SR&ED claims.
We will prepare
all financial forms and schedules necessary
to be input on to the corporate tax returns
by either ourselves or our client’s accountants.
We will also undertake to review the completed
tax returns prior to filing in order to ensure
that the returns accurately reflect the information
prepared by ourselves relating to the eligible
SR&ED activities for the years being claimed.
Once the claims
have been submitted we will follow their progress
and also attend any meetings, research and prepare
any additional information, which might be required,
in order to support the claims submitted to
for our services can be based upon either an
hourly rate or on a contingency arrangement.
a contingency arrangement our compensation will
be based upon a percentage of the tax credits
approved by the CRA for our client. Thus we
are compensated not on what we claim, but on
what we deliver to our client.