TaxTrex
TaxTrex

TaxTrex risk management

Risk management and audit control are critical to the success of your company’s R&D Tax Incentive claim. Hence, it is important to ensure your R&D Tax advisor provides he highest level of quality assurance.

TaxTrex has been developed by Swanson Reed, who is certified to the International Organization for Standardization (ISO) 31000:2009 Risk Management Standard. The ISO 31000:2009 provide principles, guidelines and processes for effectively managing risk. The use of can help organizations increase the likelihood of achieving short-term goals and long-term objectives, improve the identification of opportunities and threats and effectively allocate and use resources for risk treatment. This means your R&D tax claim is in the best possible hands.

The ISO is an internationally recognised benchmark which Swanson Reed, in accordance with TaxTrex, can continue to assess and improve risk management strategies to ensure best quality assurances are provided for your research and development activities.

How does TaxTrex work?

TaxTrex reduces the risk of an AusIndustry audit by providing tools to manage an R&D claim service in-house from initial assessment to the claim submission. Relevant information necessary for the R&D claim will be:

  • extracted,
  • time-stamped; and
  • securely stored.

The information gathered through the surveys will assist in substantiating the scientific process and purpose of conducted activities.

The reports generated from the surveys will be useful in defending a claim in the event of a review or audit.

For more information please Contact Us