TaxTrex: R&D Accountancy Software Makes Your R and D Claim Easy

If your business employs engineers, outsources product testing, or otherwise has qualifying research and development expenses, you may be eligible to receive the R&D tax credit. That means you may be able to claim up to 45% of your innovation expenses for a given year.

However, to take advantage of this tax credit, the government requires strict record keeping that can be very time consuming. Previously all you had to do was demonstrate that you had an innovative product, but laws have changed over the years. New court cases show that it’s the experimental process that has the biggest impact on a company’s eligibility to receive the R&D tax incentive. Furthermore, demonstrating this experimental process is trickier than it sounds. The government requires businesses to prepare step by step documentation that can be very time consuming throughout the year.

Using TaxTrex R and D Claim Software

Fortunately, the perfect solution is as easy as using TaxTrex. TaxTrex R&D claim software is based on scientific research found in the Tax Institute’s Taxation in Australia Journal. This incredible R&D claim accountancy software applies recent R&D case law so that you can document your experimental activities and projects accurately and within compliance of the requirements to receive the tax credit.

This RD claim software uses three simple annual surveys to keep your RD documentation current and accurate. When you use TaxTrex accountancy software, you can feel confident you’ll have everything you need to defend your claim in the case of an audit. The surveys are quick – only about ten minutes – to complete, and provide a verifiable and up-to-date picture of any research progress.

TaxTrex Makes Your Job Easier

TaxTrex can also help you manage your clients’ R&D claims. In addition, TaxTrex partners with Australia’s largest R and D tax advisory firm, Swanson Reed. Swanson Reed guides and reviews the whole TaxTrex process. All of this makes it much easier and less time consuming for you to access the tax incentives you deserve. The three annual surveys are automatically transferred to an application form, which is reviewed by Swanson Reed for accuracy and compliancy.

TaxTrex allows you to meet the strict substantiation requirements of the tax incentive law without the considerable administrative burden you’d have to endure without specialised software. In other words, TaxTrex helps you get the cash refund you deserve, while giving you back more time to do what you’re good at and love doing: building your business.

TaxTrex is the first accountancy software of its kind and provides a systemised, simplified process for getting the tax credits your business needs and deserves. It’s never been this easy before. Simply visit https://taxtrex.online/au/en/ to learn more about TaxTrex R&D claim software or how to use it, or to read the substantiation paper that provides the basis for TaxTrex. You aren’t passionate about tax credits – you’re passionate about running your business. TaxTrex gives you the freedom to do it.