Online tool helps SR&ED claimants file faster
SREDscore prepares claims by identifying and advising on potential issues before submission to the CRA.
VANCOUVER — Canadian businesses applying for investment tax credits through the Scientific Research and Experimental Development (SR&ED) program will now have an easier time thanks to SREDscore, a free online tool that simplifies the project description parts of the SR&ED application process to save time and money.
The company says its easy to use interface advises claimants on how to best prepare claims by identifying and advising on potential issues before submission to the Canada Revenue Agency. The tool provides fully automated and high value advice on the project description portion of a SR&ED claim through a 179-point check, generating instant advice on how the descriptions can be improved.
SREDscore, created by a professional SR&ED consultant, also helps to reduce complexity of the claims process and saves money from external SR&ED consultants. Easy to use for both first time and experienced investment tax credit filers, the tool offers the same level of security as an online bank. Once claim details have been entered into the program and the multi-point check is complete, projects and all confidential information is completely wiped clean from the system and no R&D information is ever stored.
The tool is applicable for companies in industries including software, manufacturing, agriculture, biotech, chemical engineering and mechanical engineering.