Need Help With the R&D Tax Documentation and Substantiation Process? Contact TaxTrex!

Research and Development processes are defined by those eureka moments. Little flashes of brilliance lead companies to transform the marketplace, sparking improved designs and bold results. Every workspace can become a creative hub.

R&D documentation, however, is quite different. It’s shaped by rigid policies and methodical recordkeeping, by time-stamped surveys and risk-assessment sheets. Information must be carefully collected, analysed, and reported. Swanson Reed knows that luck has no place in the R&D tax process. This is why we now offer the TaxTrex system, providing companies with the consistent results they need.

R&D Tax Substantiation: What is TaxTrex?

TaxTrex delivers proven R&D documentation and substantiation. It utilises multiple algorithms and security platforms to examine data, helping companies identify eligible deductions. It also stores information (such as design iterations and testing notes) into a central server. This allows for easy organisation.

R&D Tax Substantiation: What Protocols Does TaxTrex Use?

To complete the R&D tax process Taxtrex relies on AusIndustry standards. These policies (in accordance with recent judgements made by the Administrative Appeals Tribunal or ATT) demand that companies thoroughly document every claim. Insufficient record keeping or a lack of probable correlations is no longer acceptable.

Instead extensive substantiation is required. This includes:

• Documentation of a project’s systematic progression (including initial hypothesis, experiments, evaluations, and client feedback).
• Documentation of existing technologies or knowledge (including any tests, marketing evaluations, or design meetings that occurred during past year proceedings).
• Documentation of new technologies or knowledge (including any tests, marketing evaluations, or design meetings that did occur during past year proceedings).
• Documentation of technical risks (including any problems or unexpected outcomes that could not have been predicted during past year proceedings).

Such a comprehensive list of information makes the R&D tax process seem daunting. TaxTrex, however, has been tailored to these standards. It allows companies to effortlessly upload and examine all necessary documents, maintaining them to the satisfaction of AusIndustry.

R&D Substantiation: What Guarantee Does TaxTrex Offer?

TaxTrex has been designed for AusIndustry guidelines. However, it has also been designed for convenience. Created by Swanson Reed – one of the world’s leading R&D tax firms in the world, boasting an extensive employee network of chartered accountants, engineers, and lawyers – this program delivers superior results. Our guarantee is one of quality, efficiency, and ease. Through TaxTrex the documentation process can be completed quickly, with no luck needed and no questions left unanswered. Substantiation is (finally) achievable.

Interested in TaxTrex? Contact Us!

Mastering R&D documentation was once unnecessary. Information was taken at face value and little was required in the way of proof. Times have changed, however, and companies must now change their tax practises as well. Let TaxTrex help. This software will provide documentation and substantiation, ensuring that every refund is well earned and every claim is well received. To learn more about our process contact us today. Our staff will be happy to answer any questions or concerns.