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Unless you are using a highly-specialized R&D tracking system designed specifically for SR&ED tax credits, you are likely finding yourself creating spreadsheets every year for every project. The SR&ED Spreadsheet is designed to do one thing and one thing well. Instead, it helps you bring all the financial information you need together in one place so that you can easily calculate the numbers needed for your application. It does not PREPARE your SR&ED application form.
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Instead, it allows you to enter and calculate your total project expenses so that you can prepare your SR&ED application. You probably already have a time-tracking system, so there is no need to duplicate that system, but you do need to merge your project hours with your salary expenses. Instead, it allows you to enter your final project hours so that you can prepare your SR&ED application. So, the SR&ED Spreadsheet was upgraded and improved to make it even more useful and even more user friendly, so that anyone could start using it immediately.
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The result was a significant savings in time and money, year after year, project after project.Īs other business managers found out about the SR&ED Spreadsheet, they wanted it too. The SR&ED Spreadsheet was created to simplify and coordinate those efforts. But, when it came time to prepare SR&ED applications, additional effort was needed to bring all the numbers together, and often from multiple people. Mathew's companies had all the systems of a well-managed business, including time tracking, financial accounting, project management, and more. Mathew and his teams conducted SR&ED-eligible research and development for over a decade. The SR&ED Spreadsheet was created by Mathew Georghiou, entrepreneur, engineer, designer, and author. You can use it for an unlimited number of projects in your organization and year after year. We have priced the SR&ED Spreadsheet so low that you will instantly save money, time, and peace of mind. But, it will take you many hours to do so, and a simple mistake with a formula or cell can cost you much time, money, and grief. Sure, you could create your own spreadsheet. Formulas are already created, including validation checks to make sure your numbers add up properly. It gives you a well-formatted document to enter all of your numbers. The SR&ED Spreadsheet helps save you hours of time by doing one thing and one thing well. This is where the SR&ED Spreadsheet helps. Whether you do everything on your own, or work with an SR&ED consulting or accounting firm, you cannot escape the work required to prepare your internal project information to the point at which you can complete the SR&ED application or hand it off to someone else. Even if you are already using efficient tracking systems in your company, such as time logs and financial accounting, the application process requires that you bring together information from different sources. It takes a lot of time and effort to collect this information, organize it, and make sure it is correct. In order to apply for the SR&ED program, there are a number of administrative tasks you need to follow, including tracking and collecting hours worked on a project, the salary and overhead costs related to the project, claim rates, and more. The SR&ED Program gives claimants cash refunds and/or tax credits for their expenditures on eligible R&D work done in Canada. It is the largest single source of federal government support for industrial R&D. The Scientific Research and Experimental Development (SR&ED) Program is a federal tax incentive program, administered by the Canada Revenue Agency (CRA), that encourages Canadian businesses of all sizes, and in all sectors to conduct research and development (R&D) in Canada.