Authors » Fred Hausmann
Fred Hausmann is the founder and senior managing director at the FRED Group Inc. a business development and specialty tax service whose mandate is to source, secure and support your business through the maze of government funding options. Specialties include SR&ED and other tax refund/credit programs
Articles By Fred Hausmann
The name "Scientific Research and Experimental Development" does sound a little intimidating but it really comes down to solving problems that have a technological component to them. The government did not want to call the program "Research and Development" (R&D) as they felt R&D could also mean solving problems through the "bumble and stumble" methodology which they did not want to pay for.
Five Myths about the SR&ED Tax Credit
Myths abound when it comes to Canada's SR&ED tax incentive program. We've addressed five of the leading misconsceptions to help ensure companies understand what the program entails and how they can benefit from it.
Free Government Money? Does it really exist??
The answer to this is YES and YES. The government -- and particularly the Canadian government -- has a mandate to support various business development initiatives and they achieve this through incentive programs. Many of these incentive programs include tax rebates, direct funding, loans and other forms of grant money.
Big Changes in the Federal Government's SR&ED Program Announced January 2010
On January 13, 2010 the federal announced major improvements to the Scientific Research and Experimental Development (SR&ED) tax incentive program. The bottom line is that these changes will result in the federal government giving out more money through the SR&ED program. Don’t miss out!
The biggest mistake you can make when it comes to your annual SR&ED (Scientific Research and Experimental Development) tax credit claim is to not file a claim. However, the next biggest mistake is to fail to take advantage of the detailed business and financial information generated during the SR&ED review process. A thorough SR&ED investigation into your company should highlight your firm's emerging strengths and opportunities for growth.
Turn Your SR&ED Claim into a Business Development Tool
How much new business did your SR&ED claim generate for your company in the past year? If your answer is none, not enough or, worse yet, “What are you talking about?” then read on. The fact is the annual review your company undertakes in preparation for its SR&ED claim can easily be transformed from a burden everyone wishes to avoid into an important and welcomed catalyst for growth.
You May Qualify for a SR&ED Tax Credit and Not Know It
Many businesses – in particular, small and mid-sized businesses – are unaware that the work they do may qualify for a SR&ED tax credit. Is your business one of them?
