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February, 2010 | |||
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Message from the Managers | |||
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Firstly, remember to keep hard copies of all of your electronic communication. E-mails, electronic invoices, meeting minutes and the like should be kept in both hard and soft copy to ensure that no information is lost should an unforeseen event occur. Secondly, keep all of your SR&ED documents in the same place. Keeping all of your invoices, contracts and time sheets (as well as all hard copies of electronic communication) in one central location will help speed up the process of collecting your supporting documentation when it is time to put together your SR&ED claim. Thirdly, always remember to take photographs of any progress or ongoing changes you’ve made in your SR&ED projects, and be sure to date them. Photographs can a necessary element in SR&ED claims. Lastly, whenever possible, convert all USD amounts into CDN using the daily spot rates online. This will help with accuracy when calculating your final expenditures later on in your SR&ED claim. Remember, we are always here as a constant resource! If you are having difficulties tracking your SR&ED activities for any current or future claims, or have any questions as to whether a project you are undertaking may qualify for the SR&ED program, we can help! Not only can we provide you with answers and support, we can also provide samples of documentation to give you an idea of what will be useful for substantiating your claim. Get in contact with your account manager today. Whether you are currently filing a claim or not, Northbridge Consultants is dedicated to being here for you every step of the way! Best Regards; Michael Crozier & Jen Mahon | |||
Testimonial“When we first signed on with Northbridge Consultants I was unsure of whether the SR&ED program would provide a worthwhile return on investment. After meeting with Michael Crozier, I felt much more at ease both about the program and about the claiming process. Together, we completed claims for 2006, 2007 and 2008, and after going through the audit process received significant funds back which we have used to reinvest in our company. Going forward, we plan on continuing to strengthen our relationship with Northbridge, and are confident that Mike will make it easy to complete and submit our future claims, with a similar return to what we have previously received”
Multivans Inc. manufactures truck bodies for dry freight body, cube van, refrigerated truck body or lift gate trucks. MultiVans has been serving the Canadian transportation industry since 1962, and leads the industry in quality. |
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Employee Spotlight: Ben Hendriks
PositionBusiness Account Manager and Support Specialist Experience in IndustryOver 4 years of Consulting experience in a variety of areas including the SR&ED Tax program and Materials engineering working with clients for product testing, bringing products to market, conducting failure analyses among other needs. Educational BackgroundMaterials Engineering & Society degree with a Minor in Business Professional Memberships and DesignationsP.Eng Hobbies & InterestsReading, traveling and athletics Biggest Non-work-related AccomplishmentBen has been fortunate enough to have been able to travel to a number of places on his list. Some destinations include: Holland, Cuba, Madagascar, and various places around North America, including being able to visit all three Official M&M’s Candy stores the world (those locations being in Las Vegas, Orlando, and New York City). | |||
News & EventsLunch and LearnNorthbridge Consultants held another Lunch & Learn seminar in Kitchener, ON and is looking forward to the next one in Guelph, ON! Join us for lunch and hear a comprehensive explanation from the experts on how you can benefit from the program!  Find us on FacebookNorthbridge is now on Facebook! The group is designed to be interactive, so get involved to make the most of it! Share your thoughts, ideas and questions with other group members. Green TechnologyCanadian firms are now heavily engaged in developing clean technology processes. Northbridge continues to do their part to promote this effort by providing leading edge services in maximizing SR&ED Tax Recovery. This enables manufacturers to maintain profitability while undertaking some very costly initiatives thereby moving us towards our ultimate goal of zero-impact to the environment, and hence, to our future. Dates to Remember
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Ask the Experts
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Although we endeavor to ensure timely and accurate information throughout this newsletter, it is not intended to be a definitive analysis of legislation cited, or a substitute for professional advice. Readers are encouraged to seek professional advice when attempting to relate their specific situations to information disclosed within.
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With the new year officially underway, it’s time to start fresh. Not only have we said goodbye to 2009, but we have said goodbye to an entire decade! The best way to start the new decade off right is with some reorganization and preparation for the year to come – including creating a plan for any SR&ED projects you may start or continue to work on. As such, to follow are some suggestions that you can implement in order to help ensure an organized SR&ED claim.
