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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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