Corporate Tax, Accounting, IT & Management Solutions

SCIENTIFIC RESEARCH & EXPERIMENTAL DEVELOPMENT

(SRED)

Companies engaging in the following activities can claim R&D tax credits:

• Basic research - research for advancement of general scientific knowledge

• Applied research - research for advancement of specific scientific knowledge

• Experimental Development - development geared towards creating new or improving existing materials, devices, products or processes

• Other - engineering, design, operations research, mathematical analysis, computer programming, data collection geared towards basic or applied research and experimental development.

It is advisable that the R&D expenses be recorded in specific accounts within the company's chart of accounts. This can be accomplished by using departments or by using duplicated key accounts.

Did you know many companies engage in accepted activities without ever making a claim because they are unaware that they are eligible?

What Biz Builderz offers you is:

Preparation and filing of your SRED claim and supporting schedules including technical write-up, government communications and audit assistance as needed.

Helping you get where you want to be!

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647-243-1742