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In Time for Year-End Tax Season-New Software Application for Scientific Research and Experimental Development (SR&ED) Claims

(December 13, 2011)

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/13/11 -- The SREDable web application software is now available for Canadian organizations to improve the success of receiving scientific research and experimental development (SR&ED) claims - cash refunds and tax credits.

SREDable for all Sizes of Canadian Organizations

With SREDable, SR&ED claim information is securely available online to company Managers, Accountants and the Canadian Revenue Agency (CRA).

SREDable is ideal for software, engineering, research and accounting organizations. Piloted with small local software companies and with the world's largest telecom company, SREDable's online wizard process auto qualifies projects, generates an expense report and a technical description, and completes required forms ready to send to the CRA for audit, approval and refund. It's quick and easy.

Holiday Gift - Just in time for Year-end Tax Season

"Just in time for year-end tax season, we have launched to help Canadian organizations better manage their scientific research and experimental development (SR&ED) claims," said David Kaplan, President, "Our team has developed a very easy to use online software application to help Canadian organizations successfully navigate the SR&ED claim process and receive cash funds and tax credits for R&D work. With the holiday and yearend tax season approaching, this is a perfect gift for organizations to give themselves."

SREDable Solving Denied R&D Claims

Designed with the assistance of the CRA,'s timetracking helps companies comply with the demands of the CRA. The CRA has made it clear in recent letters to claimants that "SR&ED claims must be supported by timesheets detailing what SR&ED activity was carried out on a regular basis. Failure to maintain adequate evidence to support the eligibility of the SR&ED work will result in the disallowance of your SR&ED claims." CRA SR&ED reviewers have told us that "Eligible claims are being denied by the CRA because they lack adequate time tracking". SREDable's timetracking and web application wizard has CRA interpretations built right in, ensuring that CRA interpretations are met, mandatory claim information and evidence is included and auto-generates the required claim forms (t661). SREDable revolutionizes the SR&ED claim process.

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About SREDable

SREDable is a web-based software application designed to improve the preparation of scientific research and experimental development (SR&ED) claims for Canadian organizations. SREDable's online wizard ensures that SR&ED claims meet the Canadian Revenue Agency (CRA) requirements for SR&ED tax credits and cash refunds.

About SR&ED

The SR&ED program is a federal tax incentive program, administered by the Canada Revenue Agency (CRA) that encourages Canadian businesses of all sizes, and in all sectors to conduct research and development (R&D) in Canada. It is the largest single source of federal government support for industrial R&D. The SR&ED program gives claimants cash refunds and/or tax credits for their expenditures on eligible R&D work done in Canada.

Bryan Nicol

Susan Kirk

Copyright @ Marketwire

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Related Keywords: SREDable , Canada, Marketwire, , Application Software, Internet Technology,

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