If you’re part of Canada’s research and development industry, you know the deadlines for filing SR&ED claims are fast approaching. If you haven’t fully benefited from the government tax credits, it’s time to start seeing the value in these sometimes small but valuable sums of revenue.
Don’t be intimidated if you’re unsure of your eligibility for an SR&ED claim, or of providing all the right documentation for auditing purposes. SR&ED companies in Toronto are here to help you get the most you can out of a grant in order to further fund your research in the years to come. An SR&ED consultant will directly do all of the technical work for you. This way, preparing the claim, filing it, and then processing it don’t have to take up any of your time, but can still give you the return you deserve.
Upcoming SR&ED Deadlines
The Canada Revenue Agency (CRA) requires your business to submit its SR&ED claims 12 months after the filing date. For corporate tax, the filing due date comes 6 months after the end of your Fiscal Year. For example, if the end of your fiscal year is June 2016, December 2017 marks your 18 month deadline.
These dates can get jumbled and confusing if you think about it for too long on your own. But investing in a SR&ED company can take care of all of this for you, so you can focus on your work in the field of science and technology.
CRA SR&ED Events
The government does offer a form of aid with SR&ED claims. Online Webinars that contain eligibility criteria, the expenditures that qualify you, and the process of filing a claim are held on the following dates and last 90 minutes:
November 15, 2017, 1:00 p.m, EST
December 6, 2017, 1:00 p.m, EST
December 13, 2017, 1:00 p.m, EST (french language)
CRA also offers in-person seminars on the following dates in Mississauga:
November 21, 2017
January 30, 2018
March 20, 2018
March 29, 2018
How a SR&ED Consultant Can Help File Your Claim
When you work with a specialized SR&ED company in preparing and filing, you save valuable time. Spending 90 minutes on a webinar or driving to a lecture may not give you all the information you need, nor enough knowledge of and expert assistance in claiming an adequate return.
So why not be confident that your business will get the best return it can get with the help of a specialized SR&ED company? Chances are, if you’re unsure about one or more of the aspects of the SR&ED claim process, you may be missing key expenditures that could have provided you a better return.
When you work with a SR&ED company, the tasks are usually broken up by category. Often times one specialist will work on the technical writing of the claim, while another manages the financial side. This doubles your chances of receiving an adequate claim for all of your hard work. If you’re a newer business, it’s especially important to make sure you are maximizing your worth early.
Put your business and its future in the hands of a specialist. Do your business and the good work you do in advancing science and technology in Canada justice by ensuring that you get the best support from the Federal Government through a well-laid out SR&ED claim.
Don’t let the SR&ED claims process intimidate you! Let a SR&ED company in Toronto help you claim a sizable tax return this upcoming tax season. Save time, gain revenue, and benefit from the help of an SR&ED tax specialist. Contact us at (416) 477-569.