London, UK (PRWEB) July 07, 2016
Representatives with Swanson Reed, which assists companies claim the R&D tax incentive, today announced the official launch of its TaxTrex software in the UK.
“We’re very excited about this launch,” said Sophie Mercer, Principal and spokesperson for Swanson Reed.
TaxTrex, according to Mercer, is software created by Swanson Reed to help businesses document their R&D tax relief claims. TaxTrex is based on academic research and uses a simple survey system to ensure companies stay up to date with the documentation required for a claim.
“By completing three surveys at regular intervals throughout the year, relevant information is extracted, stored securely and date-stamped,” Mercer explained, before adding, “The information gathered from the surveys documents the scientific process as it happens. They also clearly show the purpose of all activities conducted within a project. The time-stamped reports are stored within TaxTrex and can be used to help defend a claim at audit.”
TaxTrex also empowers users with a variety of additional benefits and features, such as: Risk assessment based on an algorithm created by Swanson Reed; Automated surveys; Date-stamping; Tiered access for all levels of the business; Secure document storage; Visual representations of R&D activities.
“Swanson Reed boasts years of experience and industry leading knowledge of R&D tax relief,” Mercer said. “Our team is made up of expert tax accountants who know the innovation industry inside out. Not only are we intimately familiar with the claim process, we take the time to understand your business. We are able to identify every single penny eligible for rebate under the R&D tax relief scheme, often saving your company much more money than you originally thought.”
About Swanson Reed
Swanson Reed, launched in Australia in 2009, is one of the largest and most respected R&D tax advisory firms. With offices across the globe, Swanson Reed manages all facets of the R&D tax credit program, from claim preparation and audit compliance to management of full claim disputes.
34, 68 Hatton Garden, London EC1N 8JY, UK
Phone: +44 0203 289 9962
Source: Swanson Reed