Our blog highlights Canadian Business Financing solutions via receivable finance , equipment finance, working capital financing, asset based lending, business acquisition financing,franchise finance, and tax credit monetization via SRED and Film Tax Credits. Our goal is to educate and assist Canadian businesses with their financing needs. You Are Looking For Canadian Business Financing! Welcome to 7 Park Avenue Financial Call Now ! - Direct Line - 416 319 5769
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In 2004 I founded 7 PARK AVENUE FINANCIAL. At that time I had spent all my working life, at that time - Over 30 years in Commercial credit and lending and Canadian business financing. I believe the commercial lending landscape has drastically changed in Canada. I believe a void exists for business owners and finance managers for companies, large and small who want service, creativity, and alternatives.
Every day we strive to consistently deliver business financing that you feel meets the needs of your business. If you believe as we do that financing solutions and alternatives exist for your firm we want to talk to you. Our purpose is simple: we want to deliver the best business finance solutions for your company.
Tuesday, June 30, 2015
SRED Finance Ends The Curse Of The Refundable Tax Credit : Waiting For Your Refund Via Financing SR ED Claims
Eliminate The Downside Of SR&ED – Finance Your Refundable Tax Credit
OVERVIEW – Information on SRED finance in Canada . Financing SR&ED Tax credit claims eliminates the waiting with respect to filing SR ED refundable credits under the gov’t r&d capital refund program
Financing SR ED tax credit claims in Canada is an effective way to remove the ' curse ' of Canada's most popular program in r&d capital recovery .
Curse? Simply speaking we're referring to the amount of time Canadian firms have to wait for their refund . SRED finance maximizes the true benefit of the program - the cash flow you recover on your research investment . We're examining the 'upside' of SR&ED - cash! Let's dig in
Preparing your claim is no time for ' on the job training '. That's why pretty well everyone filing claims these days uses ' SR ED consultants' who specifically work only this area -maximizing your recovery. They are the ones that filter down all those CRA rules and calculations around the amount you can recover as well as ' writing up ' the claim in the manner prescribed by the program rules.
The amount of funding you get back in via the refundable tax credit often plays a key role in the development of many companies - from start up to those that are already in full revenue and growth mode. In fact the program is the largest program providing direct funding support - doling out billion every year to your competitors... and hopefully your firm!
The SR&ED program should not be confused with a grant or loan - it's neither, but simply a refund of a major portion of the work performed in an r&d environment for products and processes your company is working on.
Some additional ' good news' on your refund is that when you finance a claim you can include the current years refund of course, but , if applicable last years refund if it hasn’t been received of filed, as well as... the work your firm already has started on next years claim!
The amount of refund that companies receive tends to be in the 30-35% range of the total amount you spend in the program work. The other key amount to reflect on is that SRED Finance allows you receive a loan for 70% of the total amount of your combined fed/prov claim. Financing SR ED Tax credit claims comes with one other benefit - the receipt and use of the cash for your refund and no monthly payments until the govt processes your final refund, which of course can be months away - sometimes significantly longer.
If you want to eliminate ' downside' in the SR&ED program, specifically waiting for your funds! seek out and speak to a trusted, credible and experienced Canadian business Financing Advisor with a track record of success
with experience in SR ED finance.
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Office = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
' Canadian Business Financing With The Intelligent Use Of Experience '
Direct Line = 416 319 5769
Office = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.
Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.
Stan Prokop
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