Please find our firms comments on specific portions of the DRAFT paper & related issues as submitted to the CRA.
Comments on DRAFT Policy on the Eligibility of Work for SRED June 20 2011
Recently, the CRA has appeared to increase its scrutiny on SR&ED claimants based on one basic challenge claiming that they "do not see the technological advancement." For more details, see the newsletter below:
MEUK Newsletter 2010-2
A March 11, 2011 article published by the Globe and Mail titled "Flawed R&D scheme costs taxpayers billions" discussed the increase in "questionable tax claims pushed by an exploding cottage industry of consultants." We feel the claims made in this article have been sensationalized and do not accurately reflect the true state of the industry. Read our response, titled "Responsible “SR&ED”- preparers & journalists", pages 5 - 10 of our newsletter below:
MEUK Newsletter 2011-2
The concept of “traditional vs. proxy overhead” is a complicated one. Page 6 of the document below describes how the allocation could be done.
SR&ED Overhead allocation options and methods
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