1
Project Documentation
-
A brief description of your R&D projects, including:
-
Goals and objectives of the project.
-
Technical challenges and uncertainties faced.
-
Steps taken to solve these challenges (experiments, iterations, etc.).
-
Results, including what worked and what didn’t.
-
(Tip: If you don’t have everything documented, we can help you build a detailed technical narrative)
2
Financial Records
-
A breakdown of eligible R&D expenses, including:
-
Employee wages: Details of employees’ time spent on the project and how their wages were calculated.
-
Materials and subcontractor costs: Proof of expenses for materials used and contracts related to the R&D activities.
-
Trial balance and journal entries: Financial records showing how these expenses are recorded in your books.
-
(Tip: Ensure these records are accurate and up-to-date, we can help reconcile them with your claim forms)
3
Ownership Details
A copy of Schedule 50, listing:
-
Names of all shareholders.
-
Their respective ownership percentages.
4
Additional Documentation
(If Applicable)
-
Insurance policies or benefit plans tied to R&D costs.
-
Contracts with third-party subcontractors.
-
Receipts for significant purchases directly related to the project.
(Tip: If any sensitive data is included, you can provide redacted (anonymized) versions for privacy protection)