Tag: accounting examples for sred tax credits
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Over 4 Billion Dollars in Tax Credits Available for Software and IT Companies
The SR&ED (Scientific Research & Experimental Development) Tax Credit Program can benefit software and IT companies. It’s a remarkable incentive program for business owners, and every year the Canadian government provides over $4 Billion dollars in tax credits to companies that make the effort to apply for it. The program reimburses companies for what is officially…
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SR&ED Factoring – Get Financing Fast Now
SR&ED Factoring is a method of using a SR&ED tax credit claim to help finance your venture. For any business that does research and development, there is probably a lot invested in the budget behind these activities. In many cases you may want to receive the benefit any tax credits now rather than later. If…
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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…