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5 Tips to Speed Up Your SR&ED Claim Process - Canadian SRED

SR&ED experts can determine your SR&ED eligibility. Here are 5 tips that you can implement to speed up the processing of your SRED claim: Visit us online at https://canadiansred.ca/

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5 Tips to Speed Up Your SR&ED Claim Process - Canadian SRED

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  1. 5 Tips to Speed Up Your SR&ED Claim Process HERE ARE 5 TIPS THAT YOU CAN IMPLEMENT TO SPEED UP THE PROCESSING OF YOUR SR&ED CLAIM:

  2. 1. EDUCATE YOURSELF AND YOUR TECHNICAL TEAM ABOUT THE SR&ED TAX CREDIT PROGRAM Outside of meeting with your SR&ED claim preparer, attend webinars and seminars to learn all about the program. SR&ED expertscan determine your SR&ED eligibility. When you are fully aware of what the program entails and what is eligible, you’ll be able to prepare yourself and your team for the process, making it smoother for all involved.

  3. 2. KEEP TRACK OF DOCUMENTATION It is a whole lot easier to be proactive with your potential SR&ED projects than reactive. While it isn’t difficult to look back on what you’ve done and do your best to gather documentation, it will save you a lot of time and effort if you implement a documentation process from the project get-go.

  4. 3. DELEGATE ONE TEAM MEMBER TO BE YOUR INTERNAL ‘SR&ED CHAMPION’ While not necessary, it usually helps to designate an ‘internal SR&ED champion.’ This person would be your company’s main point of contact and will oversee the entire SR&ED claim process from within. This person is usually the technical lead.

  5. 4. Schedule time in advance to review technical reports with your SR&ED claim preparer No one likes feeling rushed to meet a deadline. It’s really important to plan out the process from the beginning so that you do not feel rushed before a deadline. The last thing you want to be doing is racing through a technical report that could potentially put $$$ back in your bank account! A professional SR&ED claim preparer will allow ample time to review your claim with you before submitting and well before your deadline. It’s best to respect their timelines and stay on track.

  6. 5. REVIEW SR&ED CRITERIA AND DEVELOP A STRATEGY BEFORE YOU START DEVELOPMENT This tip might seem odd. However, it makes the whole process smooth when you are aware of the requirements — documentation, qualifying work, salaries vs. contractors — ahead of jumping in and doing the work. Your SR&ED claim preparer can walk you through what they will be looking for and can actually provide advice so that you can maximize your R&D efforts.

  7. WEBSITE https://canadiansred.ca PHONE NUMBER 587-200-4163 EMAIL ADDRESS info@canadiansred.ca

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