February 29, 2024
Sector:
October 19, 2023
Sector:
We are committed to providing high quality services that add value for our clients.
October 18, 2023
Sector:
The US Internal Revenue Services (IRS) is becoming more and more active in pursuing compliance of tax filings related to foreign corporations and American citizens living in Canada. In some cases, the fines and penalties imposed by the IRS can be significant.
Kreston GTA offers US personal and corporate tax compliance services to help ensure you avoid these unnecessary costs and keep up to date with your required tax filings. Our affiliation with many US CPA firms that are members of Kreston International allows us to work seamlessly and efficiently with them to allow us to provide you with the most relevant and up-to-date tax advice.
September 27, 2023
Sector:
The increasing importance of R&D tax credits for your business
With businesses across the globe struggling to adapt and survive within a challenging economic environment, tax incentives continue to offer a way to boost cash reserves available to reinvest. Research and development (R&D) tax relief through the Canadian government’s Scientific Research and Experimental Development (SR&ED) tax credits in combination with our wholistic approach that includes other government grant incentive benefits form an important strategy to encourage investment in innovation in Canada and the CRA continues to encourage businesses investing in innovation to take advantage of this generous tax relief. Despite the continuous need for innovation, there are two common assumptions made by companies: they do not undertake any qualifying R&D activities, and it is too difficult to make a successful claim. Companies in almost all sectors will undertake some qualifying R&D.
R&D claims could entitle businesses to significant tax relief, which results in either a reduction in the amount of corporate tax payable to CRA and in some cases a significant cash repayment.
How we can help
Our specialist teams within our national practice, come from both technical and tax backgrounds, so they have a deep understanding of your business and the activities that qualify for R&D relief. Our strategy is to provide a service to our clients both locally and nationally, so that we stay closer to you and the markets in which you operate. This means we can develop strong personal relationships that generate real value.
Our sector expertise
Kreston’s innovation team has supported R&D claims across multiple industries – Manufacturing, Information Technology, Artificial Intelligence, Semiconductors, Robotics, Life Sciences, Medical, Chemical, Food & Beverage, and many other fields. With our combination of specialized R&D tax and industry-trained experts we can help you prepare and submit R&D claims in line with the CRA’s latest requirements. Through short discussions with senior members of the technical teams, we can quickly assess claim potential and eligibility. Our team are skilled in rapidly identifying activities and expenditure that qualify, saving you time.
Contact Us
Contact us to find out more about our expertise and the specific areas your business could be claiming R&D tax relief.
