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There are clear benefits to working with a consultant when it comes to applying for government tax incentives. Easly’s valued consulting partners help thousands of Canadian businesses organize and prepare their documentation to ensure that they maximize their government tax incentives and grants, including SR&ED tax credits.
In addition to helping clients maximize their receivables, our partner consultants can also connect their clients to Easly for faster access to funds. Getting cash sooner helps Canadian businesses optimize their cash flow and get started on new projects that generate additional SR&ED eligible activities.
This concept, called File and Finance, is a convenient option for businesses to maximize their tax incentives and get access to the funds quickly.
What is File and Finance?
The concept of File and Finance is simple. SMEs rely on consultants to handle their grant applications and tax incentive claims. Those consultants ensure that the claims and applications are accurate. In File and Finance, those claims are then passed along to Easly, who offers advances based on expected payouts. Because financing applications sent to Easly by our partner consultants are well-organized and complete, we can approve them quickly. Clients can have their funds in hand within 48 hours of approval.
By leveraging Easly’s Capital-as-a-Service platform, our consulting partners can offer on-demand access to non-dilutive financing alongside their expert filing and consulting services. This provides a unique opportunity for clients to take ownership of their project’s budget.
Access Capital Before You File
When your consultant knows your business, they can estimate your refund during the year. By collecting the right information, consultants can get a good idea of the refund you have accrued at any point. Using that estimate Easly can provide timely cash flow well before you need to file.
Tax and grant documents require time, energy and a lot of information. These steps are crucial, but they don’t need to slow down the flow of funds to you. By working with Easly and one of our partners, you benefit from consulting expertise while decoupling filing from funding.
Working with a consultant in and of itself is a benefit, but when coupled with the ability to advance those credits to enable the business to start utilizing those funds quickly, the benefits increase exponentially.