Is Utilizing SR&ED Credits without financing them absurd ? You decide
OVERVIEW – Information on the SRED tax credit loan in Canada. A SR ED financing consultant can accelerate the cash flow investment your firm has in refundable tax credits
A SR&ED tax credit loan seems like common sense logic for your firm’s R&D claim. A SR ED financing consultant is best prepared to assist you in cash flowing you claim. Here is why… and how, so let’s dig in.
If business people believe that time is truly money then the investment your firm makes in Canada’s Scientific Research and Experimental Development is true wealth! The process, especially for first time claimants can be a bit of a journey!
The role of your SR&ED financing advisor is NOT the same as that of the consultant that prepares your claim. Probably 99% of the refundable tax credit claims that are in fact filed in Canada are prepared by industry consultants who have both the expertise and reputation in preparing a claim that is both technically correct, as well as .. you guessed it… approved!
Since SRED claims are done in almost any industry it makes sense for you to pick the right firm or person that has the expertise to maximize your claim. The best people in this industry maintain solid relationships and communications with the good folks at Revenue Canada!
Over the years many changes, mostly positive have altered ‘ SHRED ‘. They include changes in per cent ages claimed/allowed, as well as the filing process itself, which has been greatly streamlined. It’s interesting to note that the majority of these consultants tend to get paid on a contingency basis – that helps alleviate the risk and time involved in preparing claims, putting the risk and pressure on the consultant, not your firm.
If you do in fact buy into our ‘ time is money’ concept then the actual time it takes to file a claim and have it either reviewed or audited by Revenue Canada just adds to the logic that you should consider financing your claim .
It is certainly not unusual to wait for the better part of a year for your refund. Therefore financing that claim either as you prepare it, or as soon as you file makes solid ‘ cash flow’ sense. If your firm has come this far in investing time and money in your research tax credit refund cash flowing it now and using the funds for any general company purpose certainly is a strong argument.
Any claim of almost any amount can be financed should you choose to cash flow your claim. Financing SR&ED claims can be done for any company, both start up, and ‘ mature’. First time filers welcome!
If your firm makes the decision to finance your claim seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
who can assist you with your SRED TAX CREDIT LOAN needs.
Stan Prokop – founder of 7 Park Avenue Financial –
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years – Completed in excess of 100 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing.
Info & Contact Details :
7 PARK AVENUE FINANCIAL = CANADIAN SR&ED TAX CREDIT FINANCING EXPERTISE
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Office = 905 829 2653
Fax = 905 829 2653
‘ Canadian Business Financing with the intelligent use of experience ‘
ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.
Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.
7 Park Avenue Financial
Canadian Business Financing