Choose TaxTrex and Get the R&D Credits Your Deserve
If you have a company that employs engineers or outsources product testing, or is otherwise involved in research and development, you are probably aware that you may qualify for the R&D tax credit. This means you could claim up to 45% of your R&D expenses, which is significant. However, the burden of educating your staff, ensuring their adherence to requirements, and all the other duties related to receiving the credit can be extraordinarily time consuming and tedious.
To meet the required standards, record keeping for R&D tax claims must be regular, thorough, and impeccable, as demonstrated by recent case law. That’s why TaxTrex was built on a foundation of scientific theory along with legislative and case law to ensure companies can meet the strict substantiation requirements – without the overwhelming administrative burden.
TaxTrex is the first software system to simplify and systemise the R&D tax claim process. The software guides you through three fifteen-minute surveys annually, and that’s all the time you spend on your R&D tax claim! That’s right – 45 minutes a year. That’s a big reduction in time from the hours and hours of tedious record keeping required before the development of this innovative software.
When you choose TaxTrex, you are choosing to spend less of your time on paperwork and more of your time doing what you are passionate about – building your business. And rest assured your R&D claim process is reviewed by Swanson Reed, further ensuring your ability to substantiate in the event of an audit. So create, innovate – and let TaxTrex worry about the tax details for you.
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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