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Montreal Startup Tax Credit Workshop March 24, 2009 Tax Credits for Startups www.startupcfo.ca   www.flowventures.com
AGENDA ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
An illustration Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
The Facts… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Our filing strategy ,[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
The Maximum Refund ,[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
SRED Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
QC E-Biz Tax Credit ,[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Red Tape  ,[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
SRED: Project description ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
SRED: Forms to fill out ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
SRED: Back-up documentation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Timeline…. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Tax Credit Timeline Your fiscal year Jan Dec Mar Do your taxes Document R&D Prepare claim Apr Jul Wait… Audit $$ Sep 21 Months Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
QC E-Biz Tax Credit ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Pitfalls  ,[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Basic SRED Eligibility ,[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
SRED in Real Life ,[object Object],[object Object],[object Object],What you did What auditors  understand Your SRED claim Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
SRED is Getting Tougher ,[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
SRED: What you can do ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
QC E-Biz Tax Credit ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
The Government’s View  Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
What the gov’t cares about ,[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Who are these people? ,[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Being Eligible  Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Good SRED Projects ,[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Bad SRED Projects ,[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
How bad projects can become good Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures Bad Good We built a Twitter client for my TV remote We discovered a method for bi-directional communication via infrared to allow remote control devices to communicate with Web services via the Internet We implemented Soundex to improve search results We  improved  the efficacy of Soundex by extending it to include semantically similar concepts We built a MMORPG We solved a major problem in distributed computing by creating a new predictive algorithm for minimizing out-of-synch errors among clients
SRED Eligibility: Bottom Line ,[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Financial Eligibility ,[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Optimizing the financial result Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Optimizing your claim… ,[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Optimizing your claim…(cont.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Optimizing your claim… (cont.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Optimizing your claim… (cont.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Optimizing your claim… (Cont). ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Bad behaviours Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Bad behaviours ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Good behaviours Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Good behaviours ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
Links and resources Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
THANK YOU! Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
SRED: Financial documentation example Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
SRED: Financial documentation example Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures

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Startup Cfo + Flow Sred Presentation 032409

  • 1. Montreal Startup Tax Credit Workshop March 24, 2009 Tax Credits for Startups www.startupcfo.ca www.flowventures.com
  • 2.
  • 3. An illustration Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
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  • 7. SRED Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
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  • 14. Tax Credit Timeline Your fiscal year Jan Dec Mar Do your taxes Document R&D Prepare claim Apr Jul Wait… Audit $$ Sep 21 Months Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
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  • 22. The Government’s View Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
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  • 25. Being Eligible Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
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  • 28. How bad projects can become good Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures Bad Good We built a Twitter client for my TV remote We discovered a method for bi-directional communication via infrared to allow remote control devices to communicate with Web services via the Internet We implemented Soundex to improve search results We improved the efficacy of Soundex by extending it to include semantically similar concepts We built a MMORPG We solved a major problem in distributed computing by creating a new predictive algorithm for minimizing out-of-synch errors among clients
  • 29.
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  • 31. Optimizing the financial result Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
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  • 37. Bad behaviours Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
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  • 39. Good behaviours Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
  • 40.
  • 41. Links and resources Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
  • 42.
  • 43. THANK YOU! Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
  • 44. SRED: Financial documentation example Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures
  • 45. SRED: Financial documentation example Copyright © 2009 – StartupCFO Enterprises Inc., Flow Ventures