VANCOUVER, Jan. 29, 2015 /CNW/ - 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 new, free online tool that simplifies the project description parts of the SR&ED application process, saving companies time and money.
"In my years working with many companies as a professional SR&ED consultant, I saw my clients face the same issues and make the same mistakes time and time again when preparing their claims," said Ryan Pernia, founder of SREDscore. "I invested in this tool to help the engineers, CFO's and accountants preparing their own claims do it more efficiently and accurately. This is something the industry has never seen before - we are changing the way claims are done."
SREDscore will allow companies to have more time to focus on their core business goals: developing innovative products and driving revenue. 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.
SREDscore will provide fully automated and high value advice on the project description portion of a SR&ED claim through its comprehensive 179-point check - providing instant advice on how the descriptions can be improved. Support for additional SR&ED claim sections will follow in the future.
SREDscore will also help to:
- Improve the quality of SR&ED claims by ensuring submissions are as accurate as possible;
- Reduce the complexity of the claims process by simplifying the SR&ED claim process therefore improving claim outcomes; and
- Save money from external SR&ED Consultants.
Easy to use for both first time and experienced investment tax credit filers, SREDscore offers the same level of security as your online bank. Once claim details have been entered into the program and the 179-point check is complete, projects and all confidential information is completely wiped clean from the system and no R&D information is ever stored.
SREDscore is applicable for virtually all industries from software, manufacturing, agriculture, biotech, chemical engineering, mechanical engineering and many other eligible areas.
SREDscore, is the first online tool that helps claimants create and submit their SR&ED claims with confidence: faster, more effectively and in a secure manner. Created by a professional SR&ED consultant with years of experience filing claims with Canada Revenue Agency, SREDscore's fully automated 179-point check simplifies the process and ultimately saves users time and money. More info about SREDscore can be found at www.sredscore.com.
SOURCE ENTAX Services Inc.
For further information: Ryan Pernia, Founder, 604-343-1185, [email protected]