Scientific Research & Experimental Development (SR&ED) Services
Maximize Your Innovation Potential with SR&ED
The Scientific Research & Experimental Development (SR&ED) program is one of Canada’s most generous tax incentive programs, designed to support businesses that invest in innovation. At Bravo Accounting and Tax Services, we help businesses navigate the complexities of SR&ED claims, ensuring they receive the maximum benefits they’re entitled to.
What is SR&ED?
The SR&ED program is a federal initiative that provides tax credits to businesses conducting research and development (R&D) in Canada. It encourages innovation by helping businesses recover costs associated with eligible R&D activities, including salaries, materials, overhead, and subcontractor fees.
Whether you’re developing new technologies, improving processes, or creating innovative products, the SR&ED program can provide significant financial relief.
SR&ED Services We Offer
At Bravo Accounting and Tax Services, we simplify the SR&ED process by providing end-to-end support:
- Eligibility Assessment
- Identify activities and projects that qualify for SR&ED.
- Evaluate your business operations to uncover eligible R&D work.
- Documentation and Record-Keeping
- Assist in tracking and organizing the required technical and financial records.
- Provide templates and guidance for maintaining compliant documentation.
- Financial Analysis and Tax Credit Calculation
- Analyze your R&D expenditures to maximize your claim.
- Ensure accurate calculation of SR&ED tax credits based on eligible costs.
- Claim Preparation and Filing
- Prepare and submit the necessary forms (T661, T2SCH31, and provincial schedules).
- Collaborate with your technical and financial teams to ensure compliance with CRA guidelines.
- CRA Audit Support
- Represent your business during any CRA reviews or audits of your SR&ED claim.
- Provide detailed documentation and expertise to resolve any issues.
Who Can Benefit from SR&ED?
The SR&ED program is available to businesses across various industries, including:
- Technology and Software Development
- Manufacturing and Engineering
- Agriculture and Food Production
- Healthcare and Pharmaceuticals
- Energy and Environmental Solutions
If your company invests in creating or improving products, processes, or technologies, you may be eligible for SR&ED tax incentives.
Why Choose Bravo Accounting and Tax Services?
- Expertise in SR&ED Claims:
- Our team has extensive experience navigating the SR&ED program’s complexities, ensuring your claims are accurate, compliant, and maximized.
- Personalized Service:
- We tailor our approach to your business’s unique needs, helping you uncover every eligible expense.
- End-to-End Support:
- From initial assessment to claim submission and CRA audit representation, we are with you every step of the way.
- Proven Results:
- We’ve helped businesses recover thousands of dollars through successful SR&ED claims, enabling them to reinvest in growth and innovation.
Take Advantage of SR&ED Today
Innovation drives growth, and the SR&ED program rewards your business for pushing boundaries. Let Bravo Accounting and Tax Services help you unlock the full potential of these tax incentives.
Contact us today for a free consultation to determine your eligibility and learn how we can maximize your SR&ED claim.
Phone: 780-802-5117
Email: admin@bravoaccounting.ca