Tweet

Should You Finance Your Sred Tax Credits Via Sred Consultants On Your SR&ED Claim?

Guest post by: Stan Prokop

Article Overview: Information on sred tax credits and if you should finance your sr&ed claim via sred consultants that prepared your claim .How SRED CRA financing Works.

Should You Finance Your Sred Tax Credits Via Sred Consultants On Your SR&ED Claim?

Should you, or shouldn't you? We're talking about your sred tax credits , filing the actual sr&ed claim for financing purposes, and the role of ' sred consultants' in the whole process .

A basic primer never helps, as we still today run into many clients that don't even know what the whole cra sred program is, let alone use it, and let alone use the proceeds for working capital financing .

If you're a speaker they say it's good to know about your ' target audience '. Well, our target audience is very clear! Whether you are a start up, or an established Canadian company, and if you are spending any money at all on research and development costs, then, guess what - you're our target audience today.

And, if you can utilize the program the ability to finance your claim for immediate cash flow and working capital improves your balance sheet immediately, certainly from a liquidity viewpoint - and cash is always king we are told.

Let's cover off who those sred consultants are, because they are a key process in the filing, and to a certain degree, financing of your claim. That claim of course allows you to get your firms share of the 3-4 Billion dollars of annual cheques that are written to your competitors, and our goal with our information is to get that funding into your hands as soon as possible.

Sred consultants are private individuals and firms, somewhat boutique in nature, that specialize in writing and filing your sred claim. Filling out any government form for us has always been a daunting task, but to miss the opportunity in a sred filing and getting approval isn't just embarrassing, it could cost your firms thousands, or tens of thousands of dollars in missed refunds. So these consultants tend to be very experienced in sr&Ed calim process, and have the ability to maximize your sred tax credits to bring you the most dollars possible.

Who isn't interested in a non repayable credit from the government? Certainly no one we speak to. So we think you would agree that the ability to ' get with the program ' so to speak, when it comes to a sr&Ed claim is beneficial to any firm. And by the way, only privately owned Canadian firms can benefit in this manner from sred tax credits.

So your firm is eligible - you're either a first time filer, or you have been doing this for years. What else could you possibly benefit from in this program? The answer is, we think, that you should consider financing your claim. Why does that make sense? To us maybe its too obvious, but the ability to cash flow your sred tax credits into immediate working capital puts you one step ahead of the game when it comes to your business growth.

Financing the claim is a very simple process. Locate a Canadian business financing advisor that is trusted, credible and experienced in sred tax credit financing. That person will help you understand the basics of the financing - which is essentially a bridge loan collateralized by your claim. In effect you're financing or monetizing a government receivable. Your receive approximately 70% of the valued of your filed claim, now, which we think is better than waiting, 3, 4 or even 12 months for your claim to be approved and to receive your funds via the government .

Claims can be financed within a matter of weeks, and the process is simply a business application supported by the information around your sr&Ed claim. Having your claim prepared by one of those qualified sred consultants just simply lends credibility to your filing. So, should you or shouldn't you. Our recommendation - file a sr&Ed claim if your are eligible. Finance it if you want cash flow and working capital now. It's as simple as that.

Related Articles
  Use Your sr ed (SR&ED ) tax credits & Finance For Cash Flow Today!
  Get the Most From Your SRED refundable credit – Financing Your SR&ED claim with a SRED bridge loan
  Are SRED ( SR&ED ) Tax Credits Dead ? We Hope Not! SRED Financing For Your SR ED Credit Claims Is Alive & Well !
  What If Your Firm Could Get Funding Today for Your Future SR&ED Tax Credit Financing ?
  Sred Credits – How To Finance Your Claim for Immediate Cash Flow
  Your Company Qualifies For A sr ed tax credit financing - Can you factor sred? Yes you can!
  Financing Tax Pigs . Your SRED ( SR&ED Tax Credits ) Tax Credit Claims Are Still 100% Financeable!
  SR&ED Tax Credit Financing - 5 Things You Need To Know
  Is It Smart To Finance Your SR&ED TAX CREDIT via a Sred Loan ?
  How To Finance CRA Tax Credits For Sred for Cash Flow Now in Canada !
  The Only Sr&ed Funding Guide You Need For Your Sred Loan on Your R&D Tax credit
  The Only Sr&ed Guide You Need For Your Sred Loan on Your R&D Tax credit
  Cash Flowing your B.C. and Ontario film grants – Film Finances Canada and Tax Credit Financing
  SR&ED Tax Credit Financing - 2 Things You Must Know
  Canada’s SRED PROGRAM - Cash Flow via Tax Credit Financing
  How Canada Sred Claims Deliver Cash Via Your SRED Financing Strategy !
  SRED Financing - Finance SR&ED Claims Today
  SR&ED Financing – How to cash flow your Sr&ed tax credit for Cash Flow and Working Capital
  SR&ED Funding – New Rules – SR&ED Financing – No Change!
  SR&ED FUNDING - 5 Key SRED Funding Loan Basics!

Article Tags: sred claim, sred consultants, sred tax credits



Related Forum Posts
Research & Development Tax Credits - If anyone is involved in any sort of R&D I have a contact that can submit an application for you to the Government of Canada to get back upto 80% of expenses you may have incurred. Best of all - all this at no cost to you. She's worked with companies of all sizes and part of her services, which are included is how to structure yourself in the future to continue to receive these Government Tax Credits. She can even go back to the last three years in your books to get Tax Credits refunds as well. Email me and I can share her details with you.
Re: Finance is the primary requirement of business - [quote="rauljoseph":36x8dadn]Finance is very important in a business. It is all about managing the business' money and other assets. Finance includes the study and analysis of processes, financial institutions, markets and instruments that are involved in the transfer of money or anything that has a monetary value among consumers, businesses and government.[/quote:36x8dadn] Good point. I'll just add that if I was going into business for myself and could only have one skill it would be Sales & Marketing. You need to be able to create customers first and foremost. Finance is more of a support function for entrepreneurs.
Why pay a Consultant? - Consultants can bring you into contact with a Funding Source but how do you tell whether a consultant will be successful beforehand? Professional Consultants ALWAYS ask for some kind of retainer so that they can feel they're not being used by a 'chancer'. However, when raising funding, a real consultant will offer to REFUND THAT RETAINER out of the % BROKERAGE he charges, payable once he finds your Funding Source, and payable from initial disbursements. Retainers only cover part of the costs that a consultant has to pay while working on behalf of the Client. Their real wages come from the agreed upon Brokerage, received when they are successful on the Client's behalf.
Finance is the primary requirement of business - Finance is very important in a business. It is all about managing the business' money and other assets. Finance includes the study and analysis of processes, financial institutions, markets and instruments that are involved in the transfer of money or anything that has a monetary value among consumers, businesses and government.
Which kind of industries are you interested in? - Ecological or E-business or Investment or Finance or Management or Non-Profit or Retailer or others.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Sales is a Flawed Model

Intro to Search Engine Optimization

The Biggest Domain Name Myth

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.