Collins Barrow Toronto launches SR&ED tax recovery practice
TORONTO, Aug. 6, 2014 /CNW/ - Collins Barrow Toronto launches its Scientific Research and Experimental Development (SR&ED) tax recovery practice. Led by the firm's newest director, Dale Wilson, the group is comprised of senior industrial engineering specialists and specialized tax accountants working to ensure companies maximize investment tax credit benefits.
Dale brings over 15 years of experience as an R&D-focused electrical engineering specialist and consultant with several leading North American technology, manufacturing, and aerospace firms; and more than 13 years as technical leader within numerous global professional services organizations. His track record encompasses over $2 billion in successful claims, including several of the largest SR&ED claims filed within the Canadian banking, information technology, aerospace, telecommunication, insurance, and manufacturing sectors.
"When properly applied, the SR&ED program can result in substantial tax savings, however many often do not realize optimal benefits or realize that they have activities that qualify. Eligible private companies can receive over 50% of their qualifying expenditures as a cash refund and larger private and public companies can receive over 30% of their qualifying expenditures as a tax credit," says Enzo Testa, Senior Tax Partner. "Bringing this calibre of specialized expertise in-house ensures that our clients are well supported as they continue to spur innovation in some of the country's key industries."
Working with clients in the manufacturing, information technology, e-health, chemical, automotive, robotics, telecommunications, finance, agriculture, food processing, plastics, construction, engineering, mining, medical professional services, medical devices, and biotechnology sectors, Dale has extensive knowledge that relates to companies at every stage of development. Combined with his thorough understanding of Canada's tax credit system, he ensures that clients realize maximum benefit from this under-utilized yet generous government program.
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SOURCE Collins Barrow National Cooperative Incorporated