Some
Questions to ask yourself:
- Have you changed a
process to reduce costs or to improve your manufacturing?
- Have you created a new
product, made improvements or added new features to an existing product, or
built a prototype?
- Have you designed or
developed new software?
- Have you incurred costs
related to a process, project or prototype that is incomplete because of
unresolved technical problems?
- Are you involved in
engineering, design, data collection, testing or other developmental work?
Many companies do not
believe that they engage in any qualifying SR&ED activities, but in most
cases, SM Financial & SR&ED Consultants have been able to identify
unrealized eligible projects and subsequently deliver successful
claims.
The Three Criteria for SR&ED to be
Eligible:Technical Advancement: What did you do that was
above beyond standard knowledge in your field?
Technical
Uncertainty: What was the obstacle that had to be overcome, or what was the
concern that couldn't be solved based on current industry knowledge? In other
words, what were the challenges encountered?
Technical Content
(systematic Investigation): is the work evident of investigation,
experimentation, and/or analysis by qualified personnel?
Contact us for
a
free consultation and we will help you determine what's eligible
