Are you leaving money on the table?

March 02,2018

Are you leaving money on the table?

 

 

Could your company be overlooking qualified SRED activity involving frequently recurring incidents of learning? Most taxpayers have never heard this, but SRED is a grant available for the acquisition of knowledge that is not generally accessible to a competent professional in his field. The extent of ‘new’ knowledge that you have to research and contribute to in order to be eligible for SRED is very small. Would you like to find out if your company is leaving money behind by not fully taking advantage of SRED?

 

In order to determine whether your company is missing SRED opportunities, consider the following two questions.

 

Aside from the projects that your company is claiming year after year, how often do you gain knowledge that is not generally accessible to a competent professional in this field? Every month? Every week? Perhaps even every day?

 

The second question that you may consider is: is the knowledge that your company is gaining on a day-to-day basis the kind of knowledge that you cannot acquire just by going online or perhaps speaking to an engineer?

 

As SRED is the acquisition of knowledge that is not generally accessible by a professional in his field, your challenge is to claim the unrelated incidents of learning that occur aside from the projects you’re already claiming.

 

Our legal partner, The Sheldon Group, has developed a learning-centric approach in order to address this problem. Through this program, you are able to claim qualified activities that are typically left behind. The learning-centric approach makes an enormous difference in your grant application, based on interpreting, understanding, and applying income tax law in the way legislature intended. The difference is profound and we never ignore the projects you’re already claiming. Our team can show you how the learning-centric approach can increase the value of your claim while increasing defensibility.

 

If you would like to find out more about whether your company qualifies for SRED, or how Business Critical and our partners can increase your SRED claims, schedule a call  or email philip@businesscritical.info today!