Growing a Local Tech Startup in Scarborough
Challenge
A local tech startup in Scarborough needed to streamline their financial reporting and optimize their tax position. The company was also seeking to maximize available government incentives, particularly SR&ED credits, to support their growth and innovation initiatives.
Solution
Kreston GTA streamlined the company's financial reporting processes, optimized their tax position through strategic planning, and secured SR&ED credits for their research and development activities. The team provided comprehensive support to improve the startup's financial management and tax efficiency.
Results
The startup achieved a 30% boost in available cash flow through optimized tax planning and secured SR&ED credits. This improved cash position enabled the company to reinvest in growth and innovation, strengthening their competitive position.