Category: SR&ED – Get a Larger Share
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SR&ED is 15% Accounting, and 85% Technical
Most accountants will routinely fill out a SR&ED tax form if you ask them to. But there may be a +100% difference between your accountant’s claim and a SR&ED Engineer’s claim. And that’s because a SR&ED tax claim is roughly 15% accounting, and 85% technical. Your accountant knows you and your business very well, but…
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Top Ten Reasons Canadian Businesses Don’t Apply for SR&ED
Why don’t more companies take advantage of SR&ED? Here are some of the top considerations Canadian business people have about applying for SR&ED tax credits: 1. “It’s too complicated and time consuming to be worth it.” Is a cash refund of $30,000 – $2,000,000 worth something to the yearly cashflow of your business? If you…
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Filling Out the SR&ED T661 Tax Claim – This is Crucial
In the following pictures of the T661 form, you can see where you have to fill out the technical details of your claim. Make sure you have SR&ED engineer who has done this many times before — or you may have to defend your claim, spending time and money that could be allocated elsewhere. Question about…