Not your average SR&ED Firm
We provide consulting services to savvy organizations who believe in maximizing
– and keeping more of –
their Scientific Research & Experimental Development refunds.
Consulting & Training
Experienced claimants often choose to prepare SR&ED claims in-house. We are available to act as external advisors, providing training on SR&ED policies (technical and financial) and reviewing draft technical and/or financial applications. We can provide guidance on setting up new documentation practices to help you spend less time on documentation, more on R&D.
Specialized Editing for SR&ED
In a rush but don’t require a full-service solution? Engage one of our talented SR&ED writers on an as-needed basis.
We’re the creators of the only online training manual for SR&ED – why not engage us to work directly with your team? Ensure the safety of your refund by training your team on program requirements and claim preparation techniques.
Risk Analysis for SR&ED Funding
What if you want to finance your SR&ED refund? We can help. We are often asked by lending groups to provide a risk analysis of SR&ED applications (either pre- or post-submission).
This fixed-fee option can help you identify areas of risk and either address them or prepare to mitigate them.
What are people saying?
We were looking for expertise and training support for our team to write the technical narratives required as part of the Scientific Research & Experimental Development (SR&ED) program, and commissioned Elizabeth Lance of Ingenuity Group Solutions for this mandate. We were extremely impressed with Elizabeth’s extensive knowledge of the program and her ability to quickly understand our requirements and efficiently and professionally deliver exactly to our needs. Elizabeth’s commitment to her deliverables and her natural talent for guiding people through the difficult process of collecting scattered information far surpassed our expectations. She was personable, well organized and extremely reliable to deal with. Elizabeth is a superior communicator and we would highly recommend Elizabeth and Ingenuity Group to anyone going through the difficult SR&ED process. We look forward to using her expertise for future work of this nature.
VP of R&D, Royal Canadian Mint
Working with The Ingenuity Group and Elizabeth has been one of the best business decision I took. Companies who are involved in R&D know that the tax credit reporting process can be painful, time-consuming, frustrating and complex. Elizabeth has this natural talent to ease that process through her deep sense of organization, to make it faster and to deliver a final report of high quality in a cost effective way. I believe that The Ingenuity Group will be one day the leader in this very competitive field and that Elizabeth’s work, commitment and entrepreneurship spirit will be instrumental that success.
Edouard F. BIOT
INTERNATIONAL BUSINESS COMMISSIONER
My SR&ED tax file was due on the exact day of my wedding. I was a bit nervous about the deadline. Just before my departure to Mexico, Elizabeth told me: “everything will be well taken care of here”. It really was. She prepared our claim. It went through without any issues and I had my refund in a matter of weeks. Thanks to her, I had a worry-free wedding!
WEB ENTREPRENEUR & BUSINESS ENGINEER
Training & Consulting
The InGenuity Group is the driving force behind the 200-page interactive learning resource A Comprehensive Guide to SR&ED, and manages the largest LinkedIn group focusing on SR&ED. In addition, our team has created two professional development courses that were offered by AJAG Professional Development for Accountants: Introduction to the SR&ED program and Avoiding Common Errors with SR&ED Forms.
What is innovation?
The Oslo Manual for measuring innovation defines four types of innovation:
- Product innovation: A good or service that is new or significantly improved. This includes significant improvements in technical specifications, components and materials, software in the product, user-friendliness or other functional characteristics.
- Process innovation: A new or significantly improved production or delivery method. This includes significant changes in techniques, equipment and/or software.
- Marketing innovation: A new marketing method involving significant changes in product design or packaging, product placement, product promotion or pricing.
- Organizational innovation: A new organizational method in business practices, workplace organization or external relations
What is SR&ED?
The Scientific Research and Experimental Development (SR&ED) tax incentive program is a federal tax incentive program designed to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada.
Each year, the SR&ED program provides over $3 billion in tax incentives to over 20,000 claimants. Of these, about 75% are small businesses.
Many businesses confuse innovation with SR&ED – but the policies that govern SR&ED are very strict and don’t necessarily align with the common usage of the term.
Not Your Average Firm
We were selected as one of the Most Popular Accounting & Tax Services in 2017 by Accountant Search Canada. Awards received for 2017:
- #1 Most Popular Accounting & Tax Service in Ottawa
- #1 Most Popular Accounting & Tax Service in Ottawa City
- #11 Most Popular Accounting & Tax Service in Ontario
- #19 Most Popular Accounting & Tax Service in Canada