Our accountants can assist in preparing and submitting claims for the SR&ED Tax Incentive program. The SR&ED tax credit is available to businesses of all sizes, and if eligible, you can receive cash refunds and/or tax credits for expenditures on eligible R&D work done in Canada.
While many companies can claim to be specialists in SR&ED tax credits, Cross & Company has a proven record of successful SR&ED claims. With over five years of annual claim management across a variety of industries, you can trust our team to maximize your CRA Scientific Research & Experimental Development credit.
Learn about the SR&ED tax credit program.
What is Scientific Research & Development?
The CRA’s SR&ED tax credit program is intended to encourage businesses of all sizes, particularly small to medium and start-up firms, to conduct research and development (R&D) that will lead to new, improved, or technologically advanced products, processes, devices, and materials. The Canadian SR&ED tax credit is the government’s largest single support program for R&D.
What does an SR&ED consultant cost?
Most SR&ED consultants in Canada operate on a percentage basis, generally taking 20-30% of your claim as a commission. However, Cross & Company operates on a flat fee basis. Typically, this works out to a lesser figure than a 20-30% commission. This also positions us to ensure your SR&ED claim is accurate & fair, reducing the likelihood of audit & questioning after submission.
How can I maximize my SR&ED CRA claim?
Ensure your company technical leadership is consulted to analyze what projects & activities have been undertaken that could be included in your Scientific Research & Experimental Development Claim.
- Frame each project in a way that fully outlines research time & benefits to success.
- Take time to fully develop a technical outline of each project/activity.
- Analyze each year’s claim and put in place a plan to maximize the size of your SRED claim in subsequent years.
At Cross & Company, we can determine if your business is missing out on valuable incentives and grants how you can access them. If you need support with your Scientific Research & Development Tax Credit Claim or have questions about the services we offer, please contact our team today.