Trying to File a R&D Claim Online? Let TaxTrex Help!
Within the world of Research and Development there is one certainty: filing a claim will prove far more difficult than launching a product. Endless legalese will define every second, overwhelming companies with black ink and strict substantiations. It’s a whirl of paperwork and administrative time stamping.
Swanson Reed understands that making a RD tax claim online often proves difficult. This is why we”ve launched TaxTrex, a program dedicated to seamlessly maintaining all AusIndustry guidelines.
AusIndustry: What is It?
No company can make an R&D tax claim online without first understanding the standards that shape that claim. AusIndustry sets these standards.
AusIndustry is a specialist division of the Australian Government (specifically the Department of Industry, Innovation, Science, Research, and Tertiary Education). It oversees all developmental and financial elements of business. This, of course, includes R and D tax claims online.
This division recently announced comprehensive changes to its Research and Development incentives. These changes now require companies to meet specific substation guidelines, including: eligibility (a group must be within the Agrifood, BioTechnology, Built Environment, Energy, Information and Communications, or Manufacturing fields); core R&D activities (such as product testing); supporting R&D activities (such as market research); and extensive record keeping.
Trying to navigate these policies may prove problematic for companies, and trying to file an R&D tax claim online may seem impossible. This is why we suggest using TaxTrex.
TaxTrex: Substantiation Made Simple
Filing an R and D tax claim online was once a burden. TaxTrex, however, now makes it a convenience. Our program (which is the first of its kind) delivers efficient results and AusIndustry standards.
How is this possible? We”ve engineered TaxTrex to follow all current substantiation rules, systemising the RD tax claim online process through:
Integrated Surveys: our surveys allow for instant documentation of core and supporting activities, technical risks, and more.
Integrated Time-Stamping: all TaxTrex documents are embedded with time-stamps, adhering to AusIndustry’s requirement for aggregated turnover dates.
Integrated Time Tracking: keep an accurate count of every second with time tracking technology, which measures staff costs, experiment lengths, and more. This ensures that each project receives the refund it’s entitled to.
Through these features – as well as document storage, activity maps, and more – TaxTrex allows companies to quickly file an R&D tax claim online. The process is simple, streamlined, and completely automated.
Filing an R and D Tax Claim Online: The Swanson Reed Guarantee
TaxTrex was developed by Swanson Reed, one of the world’s largest (and leading) R&D firms. Because of this, the software boasts a guarantee of quality. We”ve applied our conservative approach to risk management and long-term planning to every survey. This, combined with AusIndustry standards, allows companies to trust the results they receive.
Contact Us
Filing a RD tax claim online is no longer a confusing process. With TaxTrex substantiation is instead easy. To learn more about our software (as well as the AusIndustry guidelines it adheres to) contact us today. Our staffers will be glad to answer any questions or concerns.
Risk assessment
Our innovative risk assessment algorithm will identify any potential issues with your R&D project. If a compliance risk is identified, our team will work with you to ensure your claim accurately meets AusIndustry’s requirements.
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Real-time Reports
Taxtrex surveys are digitally time-stamped to ensure the scientific process is recorded as it occurs. This unique feature acts as a proof of your research progress, and will help defend your claim in an audit.
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Document storage
TaxTrex’s unique document storage facility provides a central location where all your R&D documents can be saved. If you are audited, you can simply access this facility and download all your supporting documents.
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