Tax Planning and Substantiation Advice
This article guides taxpayers on properly documenting Qualified Research Activities (QRAs) to claim the R&D tax credit. It outlines the necessary four-part test for an activity to qualify and details which expenses are considered Qualified Research Expenditures (QREs). By examining court cases and a case study, it stresses the importance of thorough, contemporaneous documentation to strengthen claims. <learn more>
Think-tank Lobbying for U.K. Style Patent Box
This piece explores the concept of a “patent box,” a tax system that reduces the corporate tax rate on income from intellectual property. It details past legislative attempts to enact a patent box in the United States, arguing it could curb tax avoidance and foster domestic innovation. The success of similar systems in Europe is presented as a compelling reason for the U.S. to adopt this model to complement existing R&D credits. <learn more>
R&D Tax Documentation in Singapore
This page introduces Taxtrex, a software designed to simplify the R&D claim process for companies and their accountants in Singapore. Based on published academic research, the software helps document R&D processes in line with local requirements and case law. By using real-time surveys, Taxtrex aims to capture essential information and reduce the administrative burden of R&D tax relief claims. <learn more>
R&D Tax Documentation in Canada
This page details Canada’s Scientific Research and Experimental Development (SR&ED) Tax Incentive Program, which rewards taxpayers for R&D activities. It explains the program’s eligibility criteria and the critical need for proper documentation to substantiate claims. A case study is used to illustrate which activities qualify for the incentive based on the Canada Revenue Agency’s guidelines. <learn more>
R&D Tax Documentation in Ireland
This article discusses the academic research behind the development of TaxTrex, a tool created to help Irish companies document their R&D process. The software simplifies compliance with HMRC requirements by prompting users to record the experimental process and new knowledge generated. TaxTrex uses three real-time surveys to ensure all essential information for a successful R&D tax relief claim is captured. <learn more>
R&D Tax Documentation in the United States
This page focuses on TaxTrex, a software created from academic research to help U.S. CPAs and their clients document the R&D process. The tool is designed to ensure compliance with IRS requirements and recent case law by using real-time surveys. These prompts help taxpayers document new technological information, uncertainty, and the evaluation of alternatives for their R&D projects. <learn more>
R&D Tax Documentation in the United Kingdom
This article examines the academic research that led to TaxTrex, a tool for documenting R&D claims in line with UK’s HMRC requirements. It highlights the increased scrutiny on R&D claims and discusses common documentation mistakes, citing relevant case law. The content serves as a guide on HMRC’s evidentiary expectations, stressing the need for detailed and contemporaneous records. <learn more>
R&D Tax Documentation in Australia
This piece addresses the complexities of substantiating R&D tax claims in Australia, especially following the transition to the new R&D Tax Incentive. It emphasizes the increased stringency in record-keeping and the need for contemporaneous documentation of experimental activities. The article offers guidance on the types of records required to meet the new legislative demands and navigate recent tribunal decisions. <learn more>
R&D Tax Documentation in New Zealand
This page outlines the research that resulted in TaxTrex, a software built to help New Zealand businesses document their R&D activities. The tool simplifies compliance with tax relief requirements by prompting users to record the experimental process and any new knowledge generated. Using three real-time surveys, TaxTrex helps ensure a successful and well-documented R&D tax relief claim. <learn more>
Legal Substance and R&D Entity Relationships
This page introduces “Taxation in Australia,” a journal from The Tax Institute, and highlights its current issue. The featured articles cover a recent High Court case, the Higher Education Loan Program, and strategies for managing tax uncertainty. It provides access to current and past editions of the journal, a key resource for Australian tax professionals. <learn more>
R&D tax concessions in construction
This is an article about R&D tax credits in the construction industry and pitfalls to claim. <learn more>
Development of an early on-set innovation culture in Australia
This paper discusses the issues in raising children in an environment that does not proper innovative thinking <learn more>
