It isn’t uncommon to hear managers and business owners use adjectives like ‘intimidating’ or ‘surviving’ with SR&ED reviews. Driving this sentiment is the common misconception that a review indicates rejection or is some form of a test. A lack of familiarity with the topic and the inability to find the time to do so in […]
‘Assessment, evaluation, examination, reconsideration, appraisal, critique’ – all synonyms of the word ‘review’ – have a slightly negative connotation that give them the veiled effect of a ‘threat’. No wonder then that the term ‘SR&ED review’ is seen with some trepidation by businesses especially those who are first-time claimants. The automatic assumption is that there’s […]
Imagine submitting a document – a thesis paper, a corporate plan of action, a report or even a book draft. Your document may be accepted as is when submitted with out any revisions. However, this is not always the case for SR&ED claim. Sometimes, in fact, many times, the document is reviewed and then finds […]
There’s a lot of information and explanatory material, both online and offline, that demystifies SR&ED for potential claimants. While these resources are pretty comprehensive they are not necessarily easily comprehensible. For example, Take the official CRA website. The section about SR&ED section there has a wide range has an exhaustive list of information that includes definitions, […]
One of the key misconceptions about external SR&ED consultant is that they have a magic wand for SR&ED or access to some secret knowledge that others don’t. On the contrary, detailed information about SR&ED is easily available, either online or through helplines. In our experience, what businesses find more difficult is how to decipher all of the jargon […]
Imagine you’re looking for a new lawyer or an accountant. You would consider their: credentials, expertise, experience, reputation, and track record. You may look for recommendations amongst peers. These exact same points apply when you’re looking for an SR&ED consultant. Let’s unpack some of them. SR&ED experience Consultants with years of experience and a proven […]
When it comes to SR&ED, there’s a lot of information and explanatory material that exists for you to read through. While it’s helpful in the interests of disseminating knowledge and for transparency, unfortunately, it is also a problem.