Today, Swanson Reed officially launched, TaxTrax – a cloud based software solution designed to help accountants and their clients become experts in the R&D Tax Incentive. TaxTrax is Australia’s first platform to bridge the gap between the R&D tax adviser, the tax agent, and their client.
TaxTrax allows the company’s external accountant to prepare R&D claims with little or no risk.
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.
While the traditional application process takes 2-3 weeks of intensive preparation in at least 10 steps, TaxTrax achieves the same result in:
TaxTrax 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 TaxTrax are: