| Think you
don’t qualify? Think again! |
Case Study - Industrial Floor
Coatings
A small BC company
wanted to have their own proprietary concrete resurfacing product for the food
industry. They reviewed the information about SR&ED internally and decided
they did not qualify. After further discussing the program with Paramount the
company decided to go ahead with a claim. They have now successfully claimed
for 5 years! Their process was developed component by component which
eliminated their need to import foreign materials and allowed them to
completely develop their own proprietary system. They have now opened an
additional plant in Mexico
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Unsuspected projects return
6 figure claims |
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Case Study - Greenhouse Grower
A greenhouse grower was
not convinced the work they did qualified for SR&ED. Paramount was engaged
to review their operation for SR&ED eligible projects and identified a
total of 5 projects – all of which were accepted by CRA as eligible. They
have now claimed successfully for 4 years receiving a 6 figure claim in each
year |
| Outsourcing saves time and increases
claim value |
Case Study - Foundry
A foundry was aware of the
SR&ED program and had qualified engineers on staff who considered doing the
SR&ED claim in house. Instead, they decided to hire Paramount on a one-time
contract basis to do the SR&ED application. By working with Paramount,
many of their expenses and costs were successfully claimed through
SR&ED. They were so pleased with the value-added service provided that
we are now managing their SR&ED claim process for the third consecutive
year. The company saw the time and effort that Paramount put into in the first
claim and realized that it was best to leave the process to someone that
specialized in the program. |
| Paramount finds SR&ED
benefits where others could not |
Case Study - Fishing Industry
A fisheries organization
was doing eligible work but had been unsuccessful in determining how to qualify
for the SRED benefits. Paramount was called in to review the situation. As
it turned out, the corporate structure was wrong for the program so Paramount
worked with their corporate lawyers and accountants until a solution was found.
The company has retained the services of Paramount on an annual basis as a
result of the value-added service they received. The company continues to claim
substantial SR&ED. |
| Paramount doubles the claim
while simplifying the process |
Case Study - Manufacturing
A large manufacturer had
been making claims for years through their corporate accountant, producing the
costing and technical write-ups internally with the accountant performing the
year end preparation including the SR&ED claim. The accountant did not have
the time to invest in reviewing all the costs of the claim but sensed that the
claim was being understated by the company. Paramount was invited to assess
the situation and quickly identified the accountant’s sense was correct.
Paramount managed all aspects of the claim process and successfully achieved a
claim return double the size of the previous claim, while also reducing the
number of reports and simplifying the claim process. Paramount now does the
SRED each year for this company. |
| Expert
support leaves client able to focus on core business |
Case Study - Software
Company
An emerging software company, fully familiar with the
SR&ED program but extremely busy with the development of their new
technology, decided to entertain the idea of an outside consultant.
Paramount identified the company’s commitment to R&D and quoted the
job with the view of fostering a long term relationship and becoming an
extension of the company’s development team. Paramount was awarded the
work when a fee structure that worked for both parties was easily established
and agreed upon. Paramount continues to build a strong partnership with the
company and supports their team through the whole development claim process.
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