Ayming Global
The new tagline Ayming is adopting for 2019.
What is Further Together?
The number of questions asked by the CRA to assess SR&ED eligibility criteria.
What is 5?
This is the year the PACT ACT made the U.S. R&D tax credit permanent.
What is 2015.
Financial document we review to identify viable categories for cost optimization.
What is the general ledger?
What companies must obtain from the government prior to incurring any project expenses.
What is approval?
The number of years Ayming has been helping companies improve their business performance.
What is 30 years?
Ayming's competitive advantage when it comes to BFI companies.
What is the mathematical modeling approach?
Name one thing that makes the U.S. R&D tax credit different from programs in other countries.
What is its broad eligibility criteria and cannot charge success fee.
The amount we achieve globally in purchasing savings for our clients on an annual basis.
What is $291 million?
Two categories Ayming helps companies obtain grants for.
What are:
Capital expenditures?
R&D?
Hiring and Training?
Business Growth?
Green Technology?
The number of clients Ayming has globally.
What is 20,000?
The time period where companies can claim SR&ED retroactively.
What is 18 months?
Name two of the five types of eligible expenses under the U.S. R&D tax credit.
What are:
U.S. wages (including supporting staff)
U.S. subcontractors
Materials and supplies
Leasing
U.S. research contracts
Three categories besides telecom where Ayming helps its clients reduce costs.
What are (IT, Energy, Car fleet, Waste management, Marketing & communications, Facilities management, freight, courier...)
Three major sectors we are focusing on for winner grants.
What are agri-food, infrastructure and Quebec grants?
The shape Ayming is adopting in its 2019 brand identity, and two things it represents.
What is a circle, and Selection/focus, Emphasis, Strength, Simplicity, The world, unity
2 reasons why companies do not claim or under claim SR&ED.
What is they don’t think they do R&D?
What is the program is complicated, constantly evolving?
What is they are paid by clients for R&D so don’t believe they can claim?
What is had a prior bad audit?
What is think it takes too much time and discipline to comply with documentation and tracking requirements?
How many years can the US R&D tax credit be carried forward?
What are 20 years?
Two benefits of a sales tax review.
•What are to identify any taxes paid and unclaimed – return profits to bottom line?
•What are to identify any liabilities not recognized – avoid penalties & interest?
•What are to identify and recover duplicate payments?
•What are to validate processes and procedures?
Two reasons companies do not claim or underclaim grants.
What are:
Companies are unaware of the government funding programs they are eligible for.
Companies are unable to navigate the thousands of federal and provincial programs and find the ones that match their future initiatives.
Companies do not understand the application and reporting processes.
Companies are unable to build their business case as to why they need funding vs. their competitors.
Once denied, companies do not understand the reason for the denial and hence stop pursing future grants.
Lack of feedback from government advisors to the client on their funding needs.
Government advisors usually push forward their selected grants and are unaware of other funding opportunities clients may be eligible for such as hiring, training, trade shows, etc.
Number of R&D specialists Ayming has globally.
What is 400?
Two types of expenditures that can be claimed under the SR&ED program.
What are Canadian salaries, Canadian subcontractors, third party payments, materials consumed and transformed, overhead?
Three reasons why companies are not claiming or are underclaiming US R&D tax credits.
Program is unknown
Not aware of recent positive changes to the program
Assume they don’t do eligible activities
Assume they can’t claim as they are paid by clients for R&D
In a loss position and assume cannot benefit from the program
Claiming obvious R&D (product development), leaving largest portion of expenditures unclaimed (process improvement, internal software development)
Afraid of being audited
Don’t have the expertise to comply with IRS documentation requirements
Two of the three types of sales tax reports delivered to the client.
What are profit recovery, process improvement, liability identification reports?
Difference between a government grant and other forms of funding such as a loan or loan guarantee, an interest rate subsidy, direct appropriation, or revenue sharing.
Government grants are not expected to be repaid?