SR&ED Eligibility
Wondering if your business qualifies for SR&ED? To be eligible, you’ll need to meet specific criteria, like the type of R&D projects you’re working on, your company’s structure, and how well you adhere to compliance standards.
SR&ED Requirements
Submitting an SR&ED claim doesn’t have to be daunting if you know what’s expected. Here’s what you’ll need to prepare:
Technical Information
Make sure to provide detailed descriptions of your R&D activities. Clear documentation is key to showing how your work meets the program’s requirements.
Financial Information
Keep accurate records of all costs, including wages, materials, and subcontractor expenses. These details are essential for justifying your claim.
Tax Savings
One of the biggest perks of SR&ED is the tax savings. If your claim is successful, you can enjoy significant credits that directly benefit your bottom line.
Industries That Qualify for SR&ED
Many industries can take advantage of SR&ED. If your business relies on R&D to innovate and grow, there’s a good chance you qualify.
SR&ED Opportunities in Manufacturing
Manufacturing companies can claim credits for activities like improving processes or developing new products.
IT and Software Development Projects
Whether you’re creating cutting-edge algorithms, developing a new platform, or enhancing an application, IT and software projects are a great fit for SR&ED.
Healthcare and Biotechnology Research
Businesses in healthcare and biotech, from medical devices to pharmaceuticals, can leverage SR&ED to offset the costs of innovation.
Why Work With Us for Your SR&ED Claims?
Stratos Accounting & Consulting makes the SR&ED process smooth and stress-free. Here’s why businesses choose us:
Expertise in Maximizing Claims
We know the ins and outs of SR&ED guidelines and will ensure your claims are not only accurate but also fully optimized to get you the most credit possible.
Support Every Step of the Way
From preparing your application to handling audits, we’re with you through the entire process, so you never have to navigate it alone.
Risk-Free Partnership
You only pay if your claim is successful, so there’s no risk in working with us.
What Client Say About Us
I highly recommend working with Stratos to all my personal friends and business associates. Their attention to detail and service to their clients leave nothing to be desired. They are very personable and make you feel confident and comfortable when working together.
Pierre Deir
As a boutique corporate law firm, R&D LLP has collaborated with the team at Stratos on several financing transactions on behalf of mutual clients. They consistently deliver first-rate and effective solutions that greatly benefit our clients. Their professionalism and insight make them an indispensable resource.
Brett Roane
I was a bit stressed heading into Tax season but was very pleased with how the people at Stratos Accounting & Consulting took care of me. They took their time to understand all my concerns and gave me the absolute best solution. I was very satisfied with my results. Definitely recommend this firm to everyone! And Good luck on your returns!
Airig Malik
Had a great experience here at Stratos Accounting. They are very professional and very good at making sure the job is done the correct and right way. Highly recommend everyone to use their services as they are always there for the client!
Harpreet Minhas
Very professional. Main thing I really loved was the communication. Had a few accountants in the back but they made me feel like I was the only customer they were dealing with. I appreciate it. Thank you!
Asif Jakka
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