SR&ED Consultants, Canada: Super Important Questions to Ask Your SRED Consultant Right Now
By cisdev | October 13, 2020
You already know SR&ED specific advisors and consultants are an important part of successfully applying to SR&ED. Throughout the claiming process, they will review all kinds of information and fully get to know your business and practices to properly advise you and help to prepare the best application you can have.
The best will be working alongside you throughout the whole process, from determining SR&ED eligibility, writing and submitting the application, all the way to the review.
CI Solutions SR&ED consultants work to boost your chances of success with expertise in diverse fields such as chemistry, electronics, IT and mechanical engineering serving clients all across Canada. Choose someone with your best interest in mind when looking for IT grant consultants and work with CI Solutions to get the reimbursement you deserve!
Where is your area of expertise?
Within the world of SR&ED, there are many various fields and industries involved. And with how SR&ED works, by relying on an explanation of business throughout the year and not just tax receipts, it’s best to have someone that understands your field on your side.
For a consultant to give their best towards your claim they need to understand the industry and standard practices to successfully see how your R&D activities are above and beyond.
For someone within the software development industry, if they end up working with someone without the proper understanding of the complexity, impact or magnitude of your work this can seriously hurt your application by missing and not properly identifying SR&ED eligibility of all projects.
What is your history with SR&ED claims?
Obviously, you want to understand and trust in their SR&ED filing experience before deciding to go with someone, such things as years in the business and claims processed can give you an idea.
But the success rate is really what you’re after, someone who has filed 500 claims but succeeded with 200 is different than one that has filed 200 but succeeded with 150.
That’s the difference between a 75% success rate and 40%. You need someone with experience and dedication working with you in case there is ever a review.
Also, it’s an option to quiz them about SR&ED and how it could affect your field. Any new changes in how applications are formatted, submitted, accepted, claimed, and more can be significant to your application and its important they stay as up to date on SR&ED and any new developments as much as possible.
How does payment work?
SR&ED is complicated for sure and its best you know how their business works before jumping in. Some offer work on a pure contingency basis, only accepting payment when you yourself get paid.
This shows dedication to your claim for sure, motivating them to work towards success. Others have a fee upfront, and some consultants charge a percentage rate on the amount of the successful claim(s). It really varies by firm and size of your claim so it’s good to clear this up before jumping in.
Do you have any client references?
Lastly, of course, references are very important. Seeing online reviews and testimonials or just word of mouth from others in your field is great to affirm confidence in a consultant’s abilities.
Chances are you know others that have had success or failure in their claims and have some recommendations themselves. Their feedback is especially valuable, because it’s from a trusted member of your field and, being in your field, they can give you specific feedback and advice for claims within your area of expertise.
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Turn to a Trusted SR&ED Consultant in Canada
Our SR&ED consultants at CI Solutions work with you using their expertise in diverse fields to give you a successful claim. We work towards your success alongside you, only getting paid when you receive your SR&ED funds!
Contact us today to find out how much you can receive in SR&ED grants!