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New technology helps accountants become R&D tax experts

March 23rd, 2015

Today, Swanson Reed officially launched, TaxTrex – a cloud based software solution designed to help accountants and their clients become experts in the R&D Tax Incentive. TaxTrex is Australia’s first platform to bridge the gap between the R&D tax adviser, the tax agent, and their client.

taxtrex laptop

Why use TaxTrex?

TaxTrex allows the company’s external accountant to prepare R&D claims with little or no risk.

  • FACT: 82% of accountants think that preparing R&D claims without specialist help is too risky.
  • FACT: 75% of eligible small businesses could claim the R&D Tax Incentive but don’t

Swanson Reed’s research has found that most external accountants find it difficult to provide advice to their clients on R&D file maintenance methods.

Part 1: What is TaxTrax?

 

TaxTrax – a cloud based software solution designed to help accountants and their clients become experts in the R&D Tax Incentive

Why is TaxTrex better than the existing approach?

While the traditional application process takes 2-3 weeks of intensive preparation in at least 10 steps, TaxTrex achieves the same result in:

  • 3 steps over the course of a year; and
  • 90 minutes of user time.

Part 2: How TaxTrax is superior to the existing process

 

TaxTrax achives intensive preparation in just 3 steps over the course of a year and 90 minutes of user time.

Why should you use TaxTrex with your clients?

TaxTrex will help smaller accounting firms to retain clients and grow revenue streams in what is becoming a tough economic environment.

Key reasons why Accountants and business advisers should consider TaxTrex are:

  1. Full support from independent R&D tax firm, Swanson Reed
  2. New fee generator for providing TaxTrex advisory services to clients
  3. Better Control of your clients’ R&D claim and R&D tax advisory fees
  4. Low risk exposure as Swanson Reed will provide 3rd party sign-off
  5. No conflicts if you work with us as we only provide R&D Tax specific advice not within scope of general tax agent

Part 3: Why should you use TaxTrax with your clients?

 

TaxTrax will help smaller accounting firms to retain clients and grow revenue streams in what is becoming a tough economic environment.

To learn more about TaxTrex please contact us or phone 1800 792 676.

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 Swanson Reed - Specialist R&D Tax Advisors 
 
 
 Swanson Reed - Specialist R&D Tax Advisors
  
 39 Google reviews 
 
  
 
 
 
 
  
 Swanson Reed - Specialist R&D Tax Advisors 
 
 
 Swanson Reed - Specialist R&D Tax Advisors
  
 39 Google reviews 
 
 
 
 
 
  
 
 
 
 Daniel McGregor 
 
 
 Daniel McGregor 
 
2022-08-11
 
 
  
 
I have been using Swanson Reed for my clients for more than a decade.  Having a specialist firm that can provide practical and commercial advice that produces real outcomes is very important and we have received great feedback from our clients.
Highly recommended.
  
 
 
  
 
 
 
 John 
 
 
 John 
 
2022-06-15
 
 
  
 
Damian and the rest of the team at Swanson Reed have been supporting us for several years.  We always appreciate their insights, expertise, and efforts.
  
 
 
  
 
 
 
 Rueben Rajasingam 
 
 
 Rueben Rajasingam 
 
2022-06-06
 
 
  
 
Experienced responsive Team. They have been a great help to me and my company navigate the R&D tax claim process and have provided invaluable advice.
  
 
 
  
 
 
 
 Enrique Esquivel 
 
 
 Enrique Esquivel 
 
2022-06-06
 
 
  
 
Damian and the team at Swanson Reed have been extremely helpfully and professional during all of our consultations. Highly recommended.
  
 
 
  
 
 
 
 Jess at Y&C 
 
 
 Jess at Y&C 
 
2022-06-03
 
 
  
 
  
 
 
  
 
 
 
 Anatole Kononewsky 
 
 
 Anatole Kononewsky 
 
2022-06-02
 
 
  
 
The Swanson Reed team have provided our company with exceptional professional advice and assistance for all of our R&D claims for many years - have always achieved great results with excellent value for their services.
  
 
 
  
 
 
 
 Payam Toloo 
 
 
 Payam Toloo 
 
2022-06-02
 
 
  
 
Damian Smyth and his team are very helpful, supportive and experts in their field of R&D Tax claims. I'm always happy with the work they do and been a customer of their for over 5 years.
  
 
 
  
 
 
 
 Melissa Doddy 
 
 
 Melissa Doddy 
 
2022-05-31
 
 
  
 
The Team at Swanson Reed are very experienced R&D Tax Advisors and gave us ongoing support with all of our R&D Claims, the consultants ensured we were always working with current legislative guidelines, gave us assistance with compiling technical and government documentation and went out their way to ensure they were with us for the entire process from beginning to end.  Highly recommended to anyone who needs assistance with working through what can at times be a daunting process.
  
 
 
  
 
 
 
 Gary Watson 
 
 
 Gary Watson 
 
2022-05-31
 
 
  
 
We can highly recommend Swanson and Reed as an R & D accountant. We have worked with them for several years now as they make our R & D claim so easy and communicate quickly with both us and our accountant.
  
 
 
  
 
 
 
 Rob van den Bergh 
 
 
 Rob van den Bergh 
 
2022-05-31
 
 
  
 
Always professional.