Looking for R & D Claim Software? Let TaxTrex Respond to all of Your Accountancy Needs!
Developing a project is a time-consuming process. There are tests to conduct, assemblages to master, and market trends to monitor. Wasting precious hours on substantiation training, therefore, is less than ideal. Too often, companies must devote their time and effort to tax claims. Employees must be trained and guidelines must be adhered to – even at the expense of research and development. Swanson Reed understands that this is no longer feasible. This is why we”ve launched TaxTrex, an R & D software that will eliminate the need for substantiation training.
AusIndustry and the Need for R & D Claim Software
AusIndustry (a speciality division within Australia’s Department of Industry, Innovation, Science, Research, and Tertiary Education) has recently announced changes to its R&D tax legislation. These changes focus on substantiation, requiring companies to now prove:
Full scientific process, including core and supporting activities. New knowledge generated through experimental activities. Past knowledge gained through experimental activities (this provides more accurate risk-assessment). All technical challenges encountered through the R&D process.
Following these guidelines will be difficult and the time required for employees to master them could prove costly – which is why R & D accountancy software is needed. This will expedite the process and spare companies the frustration of endless educational seminars.
TaxTrex: The Premier R & D Claim Accountancy Software
There are many R & D software options to consider. Only TaxTrex, however, has been engineered for today’s substantiation standards. The program calculates each company’s refund based on AusIndustry benchmarks, and it does it with speed and efficiency.
No longer waste time training employees in the art of taxes. Choose a R & D claim software that instead:
Stores important documents (such as test notes, trial analyses, client feedback, meeting minutes, and more). Tracks employee hours and wages. Automatically timestamps information to prove quarterly qualifications. Generates activity maps to better showcase the production process. Provides survey templates for seamless data insertion.
These functions – along with SSL Certification, URL Encryption, and SQL Injection Prevention – ensures that all information is secure and accurate. Using R and D accountancy software has never been easier.
Swanson Reed: Developing R & D Claim Accountancy Software
For over 30 years Swanson Reed has delivered exceptional R&D advisory results, providing our customers with risk-management strategies, competitive pricing, and international support. However, we now offer something more: R and D software.
By developing TaxTrex we seek to simplify the market and better prepare our clients for today’s demands. Our program offers a central hub for all eligible R&D data. This spares companies the need to battle endless piles of paperwork, as well as waste precious moments with employee training and overseeing. Our R and D claim software is the first to provide AusIndustry standards and systemised results. It’s engineered for ease.
Contact Us
To learn more about our R and D accountancy software contact us today. Our staff is always available to answer questions about AusIndustry guidelines, eligibility requirements, or claim options. You no longer need to devote endless hours to employee training. Choose R and D claim accountancy software for stronger, faster results.
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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