Archive for the ‘Taxes’ Category

25 March

A Sred Research &Amp; Development Tax Credit Loan : Sr&Amp;Ed Finance In Plain Sight}

A SRED Research & Development Tax Credit Loan : SR&ED Finance In Plain Sight



A SRED (SR&ED) research and development tax credit loan finance strategy is essentially the 5th building block in your overall R&D strategy. The bottom line – it brings your cash recovery in plain sight! Let’s dig in.

SR&ED claimants in Canada can be veteran participators in the program, or in some cases first time filers. From our perspective when we talk to clients in the area of SR&ED loans it’s really a 5 prong strategy, with financing being that last building block that brings the cash home .

So what about those other 4 initial building blocks and how does the Canadian business owner/ financial manager filing ensure they have all the bases covered. It all comes down to a common sense approach to your R&D finance strategy.

First of all you have to ensure you’re eligible, other wise time and expense will be part of your agenda you don’t want. First time claimants often think their claim might be too small – smaller claims would typically be in the 50k range and larger claims certainly can be all the way up to a Million dollars+.

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While the vast majority of firms are claiming SR&ED are legal corporations that actually isn’t a requirement and sole proprietorships/partnerships can also claim and file their R&D spend. Percentages of recovery of your research and development vary by category , and qualified SRED consultants or individuals can properly assess maximum recovery , which can be from 15-35% of your total spend.

Secondly, we’ve already mentioned the ‘SR&ED Consultant ‘ – it’s his or her role to ensure your claim qualifies. The quality of that filed claim will determine your total cash recovery, i.e. the refund. While the essence of a claim is the ‘ experimentation ‘ around the advancement of technology the manner in which that is documented is key.

The third building block is the way in which your claim is filed and when. You or your consultant is required to document your efforts and costs. Those costs typically include salaries that are a part of the R&D, payments to contractors, and overhead and materials. In recent years equipment purchased for research qualified but no longer does.

The 4th building block. It’s simply filing your claim which is typically done at the time you file your annual financials. The majority of consultants that Canadian business/owners managers use are paid on a contingency basis so filing a proper claim in the right timelines is as important to them as yourself. In recent years these preparers of claims actually have to identify themselves and their compensation arrangement with your firm

That brings us to building block # 5, and it’s the financing of your claim, unless of course you choose to wait for a refund. Refundable tax credits are a key part of the cash flow for many firms, and for them it makes sense to finance a claim and accelerate cash.

A SRED tax credit loan is a very basic process, with your actual claim, i.e. the refund serving as the key collateral for the loan. Claims are financed at 70% loan to value… so a 200k claim would typically net the business owner 140k in immeidate cash.

And those payments? The good news is there are none during the entire waiting process – and when your claim is adjudicated and approved you immediately receive the balance of the claim less financing costs. If you are focused on financing next years claim and have already started to spend on R&D monies can also be advanced prior to final completion and filing of your claim. In effects it’s a SRED credit line for your research…

If you’re filing SR&ED claims and feel cash flow acceleration is key investigate SRED FINANCE by speaking to a trusted, credible and experienced Canadian business financing advisor who can assist you in the financing of your claim.

Stan Prokop

Stan Prokop – founder of 7 Park Avenue Financial http://www.7parkavenuefinancial.comOriginating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 10 years – has completed in excess of 80 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing.

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A SRED Research & Development Tax Credit Loan : SR&ED Finance In Plain Sight }

15 February

Advantages Of Using Online Tax Refund Estimator}

Submitted by: Kay Daniels

If you are someone who finds it harder than ever to work with numbers, and so far it must have been through brainstorming sessions, while trying to figure out the exact tax rebate amount of your overpaid student levy. If you are unsure of your arithmetic skills then tax refund estimator is the best tool to help solve these large numbers. Better opt for an online tax refund estimator which will give an approximate value of your expected refundable amount. You are not alone like this, there are millions who feel very puzzled thinking how to calculate the correct amount of tax to request a refund.

Let’s take a look at the benefits of using an online tax refund estimator –

Easy Calculation: Anticipating too much in taxes, these people have a difficult task, as the construction of the castle away from the wind. In this case, a tax refund estimator acts as a savior. Define the tax base in excess of easily through both estimators. Use one and get rid of all wars always a dull number.

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Saves time: this speed of the jet as a person can sit, think, calculate, messed up, redo the calculation again, and eventually end up boo-boo? No one can commit so many hours in this way. And ‘even more difficult for students. After studying and doing half the work, it’s pathetic to sit down and calculate the student’s tax return. So to save time and energy, and the use of the estimator.

Nearly a full accounting: You can never deny the fact that, even if you’re a genius at math, but it is not possible to calculate the tax you have to correct the government. Google, go to any online tax refund estimator, put all the necessary information correctly, and gives you almost a near-perfect estimate of money. If you do not want to spend more money, then find a free tax refund estimator and get the job done.

However, there are some points to consider before going to an online tax refund estimator. Any tool for calculating taxes is asked to provide detailed information about your income, etc. Therefore, expenses, you should be prepared enough to provide all necessary details. If a student is calculated for tax refund after gathering all the information including income from a second job, type of employment or anything else.

If you are an entrepreneur or employee collects information about each recipient country, to earn wages, income from self-employment, etc. In addition, willing to provide information on the number of employees you have, any investment made last year. Online tax refund estimator also does all the real property, no unemployment benefits, deposits, mutual funds, etc. Otherwise, the time and energy to just go to waste assessment is grossly misrepresented.

So, have a clear idea of your income and expenses first, then use the estimator and let it calculate the overpaid amount on behalf of you. Save both your time and energy.

About the Author: Kay Daniels is an online tax refund consultant who by sharing tips and suggestions spread the tax refunding awareness among all. Learn the significance of tax refund estimator or how to apply for a student tax refund online with this tax refund specialist. Visit –


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1 February

Why Use Solar Panels / Solar Electric?: Top Ten Reasons}

Why Use Solar Panels / Solar Electric?: Top Ten Reasons


Randy Connors

So you are thinking about making an investment in Solar Power for your home or business? Well the time is right as there are multiple reasons why it makes sense now but also, it is important to know that the benefits of Solar Systems will increase over time.

1. SOLAR PANELS SAVE MONEY EVERY MONTH AND FOREVER Solar will save you money on electricity costs and protect you from future rate increases.

Electricity rates are at an all time high and and are showing no signs of going down. Switching to solar will increasing your financial independence by locking in your future electric bills.

2. SOLAR ELECTRIC INCREASES HOME VALUES Solar Electric increases your home value and can even more then the cost of the solar electric system itself.

This 1998 study by ICF Consulting concluded that saving $1 per year on energy costs certainly adds $20 to a home’s value or more. A saving of $1,000 per year increases a home’s value by $20,000.

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3. THINK OF IT AS A CONSERVATIVE INVESTMENT In this current market, returns on a solar electric investment may be higher than your other investments.

These Massachusetts residents LuAnn Kuder and Maureen O’Brien found they “beat” Wall Street by investing in solar. Over the past 100 years, the stock market has returned just below 10% per year as an average. Solar electric ROI likely beats this, especially in states with high electricity costs.

4. FEEL GOOD ABOUT PROTECTING THE ENVIRONMENT Using solar power means less “brown power” produced by utility companies which means fewer emissions, less pollution, and a cleaner environment.

Most utility companies use coal and natural gas-fired power plants which emit greenhouse gases, nitrogen oxides, sulfur dioxides, radioactive materials, and heavy metals. So, power plants contribute to smog, acid rain, and global warming, affecting public health and our society’s future.

5. INCREASING NATIONAL SECURITY Installing a solar electric system reduces all our dependence on foreign energy.

There is no denying that our nation is becoming more and more reliant on foreign energy sources. The U.S. currently imports the majority of its energy supplies and has imported 166,270 million cubic feet more natural gas every year since 1985.

6. MONEY AND JOBS STAY AT HOME Supporting renewable energy in the U.S. helps to improve our economy by keeping money and jobs at home. These jobs get created when you make the decision to go solar.

The study by Navigant Consulting demonstrated that almost half a million permanent jobs and $232 billion in investment would be supported by the solar energy industry alone if Congress extends the federal tax rebates for solar for 8 years.

7. REDUCTION OF YOUR DEPENDENCE ON THE POWER GRID Solar electric systems are like a power plant on your roof, producing the energy you need clean, smart and efficient.

As 67% of the energy in fossil fuels is lost when it’s converted to electricity it is inefficient, 9-10% is lost as heat when transported to your home. Using solar panels on your prevents wasting energy or money because all the power you make is used in your home.

8. TAKE ADVANTAGE OF SOLAR TAX CREDITS With the combination of state and federal solar tax credits, the cost of your solar electric system is significantly reduced.

Many states offer solar rebates as well, the most generous of which are California, Colorado, Connecticut, Maryland, Massachusetts, Minnesota, New Jersey, New Mexico, Oregon, and Pennsylvania.

9. NEWLY AFFORDABLE & BETTER TECHNOLOGY SOLAR OPTIONS As companies and local governments become better informed, solar electricity is becoming more and more affordable.

Companies and governments are innovating with financing and programs for homeowners to go solar electric Whether this is a city-sponsored solar loan, a home solar service (PPA), or a solar lease, the various options becoming available reduce upfront costs.

10. SPREAD THE WORD Inspire your neighbors by being the first on your block to install a solar electric system.

The Solar Energy Source is for those interested in wind, solar electric and alternative energy solutions. The alternative energy world is blossoming due to rising fuel prices, global politics, new technologies, carbon emission consciousness, and the realization that the “ECO” in both Economy and Ecology equates to the same thing; saving of a resource in a given system. See more at :

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Why Use Solar Panels / Solar Electric?: Top Ten Reasons