Just like taking care of your nutritional health, your SR&ED health needs attention, too! Having an organized SR&ED claim with documents from beginning to end may mean a bigger benefit when the return comes in. One of the best ways to make sure you’re getting the most from your claim is with a simple SR&ED Health Test.
At BeneFACT, we’ve completed a SR&ED Health Test of our own. Since our main focus is on maximizing a company’s claim, we want to start off on the right foot
A few questions to think about include:
Preparing answers to these types of questions will make the initial meeting with a SR&ED consultant go a bit more quickly, as it gives a good snapshot of whether your company has engaged in SR&ED eligible activities. Remember: The activities must have occurred in the fiscal year you are claiming.
It’s never too late to start thinking about your company’s SR&ED health. Although it’s best to get in the habit of good record keeping right at the beginning, it may be worth it to contact a consultant to see how strong your claim could be. Working with a consultant may be the most important key to getting a bill of perfect SR&ED health.