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SR&ED Audit

October 8, 2014 by Kelid Leave a Comment

Questions Asked During SR&ED Claim Review

CRA SR&ED Review

CRA’s SR&ED claim reviews are really inevitable.  Every time you submit an SR&ED claim to the CRA, your claim maybe  reviewed in a detailed manner to make sure that it meets the requirements of the program. Statistics show more than 25% of SR&ED claims are being reviewed since the CRA's recent changes have been adopted. CRA has Research and Technology Advisors(RTA) that are trained to … [Read more...] about Questions Asked During SR&ED Claim Review

Filed Under: SR&ED, Tax Credit, Tax Incentives, Tax Rebate, Tax Refund, Tax Refund Tagged With: Canada Revenue Agency, CRA, CRA Claim Review, SR&ED Audit, SR&ED claim review, SR&ED Review

September 3, 2014 by Kelid 1 Comment

Everything You Should Know About CRA SR&ED Audit

sr&ed audit

Every time you have a SR&ED claim submitted, there will always be a chance that the Canada Revenue Agency(CRA) would demand to perform a review of that claim in a more detailed manner and guarantee that you have met the program’s requirements. When a project has been completed and a claim has been submitted, any organization might have to face some eligibility risk when one or multiple … [Read more...] about Everything You Should Know About CRA SR&ED Audit

Filed Under: SR&ED, Tax Credit, Tax Incentives, Tax Rebate, Tax Refund Tagged With: SR&ED Audit, SR&ED CRA review

August 20, 2014 by Kelid Leave a Comment

Top 20 Risk Factors Should Know To Avoid SR&ED CRA Audit

SR&ED audit

SR&ED CRA Audit: It has seen regularly in the publications that the Government of Canada is concerned about the level of Research and Development investments that are made by companies. Hence the allowed expenditures on SR&ED by the type and size of firm, credits claimed and earned and the type of their activity facilitates a wider analysis. According to the Canadian Revenue Agency (CRA), … [Read more...] about Top 20 Risk Factors Should Know To Avoid SR&ED CRA Audit

Filed Under: SR&ED, Tax Credit, Tax Incentives, Tax Rebate, Tax Refund Tagged With: CRA Claim Review, SR&ED Audit, SR&ED Review

August 6, 2014 by Kelid 1 Comment

SR&ED Claims: CRA Review Triggering Words

SR&ED Writing

Strategic editing is necessary for tightening up SR&ED claims and lowering the overall CRA (Canada Revenue Agency) audit or review risk. Following are some trigger words that shall be removed from your project titles and technical narratives: Words to be avoided when writing SR&ED Claims: 1-Try and Error Trial and Error involves execution of number of tests in any order and not making it … [Read more...] about SR&ED Claims: CRA Review Triggering Words

Filed Under: SR&ED, Tax Credit, Tax Incentives, Tax Rebate, Tax Refund, Tax Refund Tagged With: CRA Review, SR&ED Audit, SR&ED write up

May 7, 2014 by Kelid Leave a Comment

Facts When Hiring a SR&ED Consultant

Hiring SR&ED Consultants

Hiring a SR&ED consultant is a serious matter because it concerns your SR&ED claim submission and tax refund. The consultant plays a critical role in making sure the SR&ED claim submission process is handled and managed properly without any undesirable consequences. Do not make the mistakes of finding out an unqualified and inexperienced consultant only after you have contracted the … [Read more...] about Facts When Hiring a SR&ED Consultant

Filed Under: Business Funds, SR&ED, T661, Tax Credit Tagged With: CRA, SR&ED Audit, SR&ED Consulting, SR&ED Review

February 3, 2014 by Kelid Leave a Comment

$4b Funding Budget Reduced to $3b Within Two Years

News

Since 2012 The CRA started introducing a number of mandatory changes to the SR&ED program. This resulted in significant drop of SR&ED budget from approximate $4b in 2012 down to $3.6b in 2014. The key changes include: In 2012, The budget announced new funding of $6M over two years for the CRA to implement changes to the administration of the SR&ED program which includes: -Conduct a … [Read more...] about $4b Funding Budget Reduced to $3b Within Two Years

Filed Under: Business Funds, Business Grants, SR&ED, T661, Tax Credit Tagged With: SR&ED Audit, SR&ED Refund, SR&ED Review, SRED budget

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