Choose TaxTrex R and D Tax Accountancy Software and Spend Far Less Time on R&D Claims

Entrepreneurs often assume that they will not be able to claim the R&D tax credits unless they have completed breakthrough research in an onsite lab. Others simply find the R&D claim process too complicated and time-consuming.

But a small-to-medium business that carries out research is likely to be eligible for the credit. In fact, even if you’ve never applied for the credit before, there’s never been a better time, and that’s because of TaxTrex.

The purpose of the R and D tax credit is to incentivise technological advances and the hiring of RD workers. Quantifying research and development expenses can seem like an abstract and difficult process, especially because these expenses tend to be higher at the onset of a project and then diminish over time. But you can receive benefits retroactively, so now’s the time to see if you are entitled to credits you haven’t received. Even a comparatively small amount of money can make a big difference to a startup company!

Amazingly Easy R&D Tax Software

Thanks to TaxTrex R&D tax accountancy software, businesses no longer need to face the burden of educating staff about R&D tax claims or tediously monitor their adherence to legislative requirements. TaxTrex enables businesses to spend more time creating and innovating and less time worrying about administration.

Your TaxTrex documentation is reviewed by Swanson Reed, and international specialist R&D tax firm with offices all over Australia and the US. Swanson Reed is one of the largest and most respected tax advisory firms in the world. Their team has been providing tax and legal services to the industry for almost 30 years.

Swanson Reed comprises a unique mix of chartered accountants, engineers, professors, lawyers, and writers, an unbeatable team that enables them to provide a comprehensive service unlike any in the industry. When you use their R&D tax software, you’re getting a safe, affordable, long-term solution to the difficulties often caused by R&D tax credit substantiation.

Benefits of TaxTrex

Record-keeping for R&D tax claims can be extremely time consuming, as it must be thorough and accurate. TaxTrex was created on the basis of scientific theory as well as legislative and case law to ensure businesses can meet the strict substantiation requirements without spending so much time and energy on administrative tasks. This innovative R and D tax software streamlines the R and D tax process to make your job easier and give you more time to run your business.

The RD tax software works by issuing three surveys throughout the year at regular intervals. The surveys collect the information necessary for the claim, time-stamp it, and store it securely in a central management system. The information obtained verifies the scientific process, which is essential to formulate the basis of the claim and substantiate it.

Wouldn’t you like to do less paperwork and more running your business? Visit https://taxtrex.online/au/en/ now to start learning more about how incredibly easy this accountancy software can make your job.