A proven 4-step process to optimize the success rate of your financial assistance applications.
- TARGET – Eligibility and a Systematic Approach to SR&ED
- CONSULT – Assistance and advice for the documenting SR&ED
- ORGANIZE – Documentation structure of a SR&ED project
- MAXIMIZE – How to maximise you SR&ED tax credits ?
Eligibility and a Systematic Approach to SR&ED
Every step of your SR&ED project is analyzed to establish if the work carried out meets eligibility requirements. We help to develop a systematic approach to SR&ED activities throughout your production processes. Our experts guide you:
- By making distinctions between SR&ED activities in a commercial plant and commercial production;
- By doing an initial review of your different experimental contexts to help you identify the SR&ED activities;
- By putting our expertise to work to recognize, within the parameters of your industrial operation, all of the SR&ED activities of your project, whether small scale work, very structured, or large-scale industrial transformation.
Assistance and advice for the documenting SR&ED
- We meet your project leaders to let them know the Canada Revenue Agency criteria for the SR&ED Program;
- Our team compiles and analyzes the technical information;
- Our mandates are accompanied by personalized training, to ensure that your project leaders use the best method for their technical documentation;
- Several companies omit details when explaining technological solutions. Unfortunately, one of the main reasons for refusal of a project by the CRA is the lack of “scientific advancement”;
- Our team will assist and help you to be more prepared and structured. As a result, we obtain above-average acceptance for our clients;
- Our experts assist in case of an audit with the CRA. You will not be left alone to defend your projects.
Documentation structure of a SR&ED project
- We discuss the process of upgrading and analyzing your SR&ED documentation when the mandate begins. We implement different systems making sure that the documentation meets Canada Revenue Agency’s criteria while improving data gathering.
- Our specialists help you to draw up SR&ED contracts with subcontractors. Too many subcontractor expenses are rejected because of missing or incomplete contracts. Intellectual property and SR&ED work terms are essential to qualify the expenses.
- SR&ED claimed salary or wages cannot only be justified by time sheets. We help you structure your development logbooks and tell you which documentary evidence you should keep (such as logbook, test results, time sheets) during trials and experiments.
- SR&ED documentation must include technological objectives (or the hypothesis) and annotated results.
- Claims must be corroborated by facts documented in a way to support the experimental work performed. We help collect your data and make recommendations on how to highlight the strengths of your claim.
How to maximise you SR&ED tax credits ?
- Our experts interview the personnel who are directly involved in the project to determine all of the facts that can help them prepare a solid claim. Each analysis is followed by relevant recommendation.
- Understand how “support activities” in an R&D project increase the potential of your application for R&D tax credits. Our consultants offer a global analysis based on the definitions of Canada Revenue Agency;
- Understanding the difference between an experimental development in commercial production and experimental production is essential to properly justify your claim. Too often, engineering activity in the factory is under-estimated.