Jul 10
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Harness the knowledge RDP has gathered on your successful SR&ED claim to determine your current market valuation
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The Global economy is back and we are often asked when is right time to sell – now is one of those moments in time when selling might be opportune for you. But you may be asking yourself, before I think about selling out, what would the market give me as my current valuation? This is especially important if you are thinking of succession or an exit strategy in the next ~ 1 to 3 years. If you are part of the ~ 4 million plus private business that will be turned over in the next few years in NA, you need to start now to increase your valuation.
RDP has partnered with Wave Point M&A Inc to help answer that question for you in 3 ways, as they have specific and different Valuation Models for Software, IT Services, Managed Services, Software VARs, awarded Patents, etc. Given a number of our clients are active within this space, RDP thought it wise to promote this service to our clients as their business growth ebbs and flows.
A Brief Phone Interview:
Wave Point will ask you a few selected most important key questions using current technology company metrics and give you a broad ball park valuation for your company.
Initial Valuation Review:
* A mini valuation of your technology business using ~ 35+ industry Metrics that Wave Point have found to be the most effective and profound Value Enhancers.
* This conference call is a question and answer session and takes about 1 hour of your time and results in your specific estimated Valuation Range comparing you to your industry peers.
Full In depth Peer to Peer Metrics Valuation Process : V = Pst.
Your Technology Company Enterprise Value is a function of Sustainable and Transferable Profitability.
* A certified Advisor starts by a performing an in depth diagnostic service to provide your peer to peer ranging resulting in your specific IT sector company’s Valuation.
* Your areas to improve are presented and tracked using an graphic dashboard.
* The Advisor works with management / shareholders to directly and in some cases dramatically increase your Valuation.
*Users report increases in their valuation that in some cases are dramatic ie a doubling of their Valuation by using this Methodology. Interested in a fresh perspective and your current valuation ?
If the time is right for you contact Wave Point President Bob Graham at rgraham@wavepointinc.com or Christopher Bodnar at cbodnar@rdpassociates.com for further information.
Launching a new venture is no easy task. Capital is difficult to secure, sales troughs drag out and bills pile up fast. Should your start-up be in the process of improving or developing a new product or process, CRA is on your side. Applying for the Scientific Research and Experimental Development (SR&ED) Tax credit will allow your business to recover between $0.41 and $0.68 cents on the dollar of related eligible expenditures.
The importance of the SR&ED incentive, as a driver of innovation in Canada, cannot be overstated. This generous subsidy is often referred to by entrepreneurs as a crucial factor to their survival, particularly in the early years of their venture. However, the application process can be a difficult and time consuming matter, and although there is no limit to SR&ED refunds, receiving your cheque can take a few months. On occasion, this can be a few months too many.
Enter Espresso Capital. Provided that your company meets their criteria, Espresso Capital will extend you a loan collateralized on your expected SR&ED refund. Once a business qualifies, the turnaround on the loan is rapid, usually from 5 to 10 days from the date of application. SR&ED financing is intended to provide funding assistance to businesses in need of interim capital to meet their short term financial obligations.
RDP Associates Inc. is proud to endorse Espresso Capital in their efforts to further assist clients in need of generating positive cash flow now.
We are kicking off our “Featured Start-up of the Month” blog by introducing EventMobi by 5 Touch Solutions. EventMobi is an innovative and interactive mobile guide that has recently been adopted by MaRS and is set to be unveiled shortly at Net Change Week 2010.
EventMobi was created with the intent of at modernizing the event management industry. Currently, paper waste is a major source of inefficiency, both from the standpoint of the organizer who ends up printing much more material than is often necessary, as well as from the perspective of the attendee carrying it around. The ability that attendees have to network amongst themselves is another painful shortcoming of the event management status quo.
5 Touch Solutions set out to solve these two problems and further empower attendees and organizers to enhance their experience at the event. EventMobi puts the entire event at the palm of the attendees’ hand. They can search and browse through the agenda, event maps and speakers’ or delegates’ bios as well as access all available information regarding sponsors and exhibitors directly from their Smartphone instead of flipping through endless paper brochures. Further, EventMobi engages attendees and increases their participation at seminars by enabling them to respond to real-time polls or surveys while the conference takes place. The value added to their patrons by this feature in particular, was sufficient for MaRS to get on board and adopt this platform for of their larger upcoming events.
Last but certainly not least, EventMobi’s platform allows event managers to increases their sponsorship revenue by giving their sponsors or exhibitors new ways of reaching attendees. Sponsors can brand the mobile guide, create rich company profiles and use eCoupons to drive foot traffic to their booth or use interactive mobile banner ads.
For more information visit www.5TouchSolutions.com
News Flash! NextMedia + Banff aim to bring together some of the best and brightest minds for some friendly competition.
The event will play out in two separate categories. The Digital Hot List is open to all developers, content producers, and digital superstars working on inspired content proposals, innovative new technologies and outstanding web development. Furthermore, the iPad and Tablet Competition promises a $25,000 development deal for the winning concept and the five finalists will have the opportunity to showcase their ideas live at the Banff World Television Festival.
Deadlines for submission are approaching quickly, May 12th and 14th respectively.
Don’t miss out on this opportunity to gain some great exposure.
Documentation is paramount. We cannot stress this enough. Lack of proper and complete documentation is the number one reason why Scientific Research & Experimental Development (SR&ED) claims are audited by Canada Revenue Agency (CRA). Canada has one of, if not the most generous, R&D Tax incentive programs in the industrialized world. Great news for business owners, bad news for their accountants. Due to the generosity of the program, appropriate documentation that substantiates that eligible SR&ED costs were incurred, is now more than ever, a requirement when applying for SR&ED Tax Credits.
Not too long ago, RDP came across a prospective client who intended to file a SR&ED claim for a project whereby no documentation was available to support the claim. The client wanted to back date the information, expecting RDP to turn a blind eye, arguing that he knew of other SR&ED Consultants who worked this way on regular basis. In spite of our efforts to the contrary, this particular individual underestimated the degree of risk inherent in their decision. In the event of an audit, the SR&ED return would likely be cut back, and the company is sure to be scrutinized by the CRA in the future. In other words, triggering an audit will not only affect the current SR&ED claim but also any claims filed subsequent to it.
Demonstrating a thorough understanding of what constitutes eligible SR&ED work is the best defense against an audit. Establishing a detailed and comprehensive documentation process will amount to a very strong claim and will dramatically increase your chances of being viewed more favorably by CRA’s Research and Technology Advisors (RTA’s).
R&D and prosper…
Maintaining a competitive advantage is imperative in today’s market. RDP Associates has a history and reputation of working with companies to maximize their returns from government incentive programs. Be sure to contact us should you feel that your company may qualify for any of the programs listed below. At RDP Associates, our staff would be pleased to assist you in the application process for any funding available to your business.
Improve your Human CapitalThrough the First Jobs program, Ontario business can receive funding of up to $40,000 to cover 50% of the wages paid to a newly hired Masters or PHD Level graduates. Assistance for Start Up companies rises to 80% and up to $50,000. The program requires that companies applying for the grant directly benefit from the expertise of the graduates in their efforts to launch a new product, service or process. Graduates must also have completed their studies within the past 5 years at an Ontario institution and be for the first time since, applying their newly acquired skills through in the workplace. |
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As investment in R&D increases throughout 2010, is your company positioned to maximize its R&D Tax Credit?
2009 had been marked as a challenging year for economies globally. Optimists stated that Canada’s economy grew for the first time in four quarters through the July-September period, which led many to proclaim our country’s first recession since 1992 had ended. Today, economists predict that the Canadian economy is set for a nation-wide recovery throughout 2010, rebounding from a contraction of 2.5 per cent in 2009, returning to positive growth in 2010.
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