Get Live Quote Automation Project Success Story
Canada
Challenge
A food processing facility in Ontario was investing in automation and needed to maximize their SR&ED (Scientific Research and Experimental Development) tax credits. The company had integrated new robotics for packaging, custom-built a real-time quality inspection system, and developed data analytics software for predictive maintenance. They needed expert guidance to ensure all eligible activities were properly documented and claimed.
Solution
Kreston GTA assessed the automation project, identified all qualified SR&ED activities, and prepared detailed technical narratives documenting the research and development work. The team ensured proper documentation of the technological advancement, systematic investigation, and the uncertainties overcome during the automation implementation.
Results
The company secured a six-figure SR&ED credit, reducing their effective R&D costs by nearly 35%. The ongoing advice enabled the client to re-invest in further automation, fueling a cycle of growth and innovation. This success demonstrates how engaging a high-caliber accounting firm like Kreston GTA leads to substantial financial and operational benefits.
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