Making research and development less taxing
Research and development presents opportunities and challenges. That's why PwC created R&D MANAGER™, a Web-enabled, tax-intelligent and self-checking software.
R&D MANAGER™provides an integrated central repository for all your research and development information, and supports concurrent, multi-user capability on an Intranet/Internet platform. It delivers robust research and development project management and tax intelligence in three areas:
Scientific and Engineering Project Management
- Capture and allocate all direct employee hours incurred on R&D and non-R&D projects
- Consolidate multiple divisions or sites
- Contemporaneously track R&D expenditure, time and activities on a project basis
- Capture R&D information in real-time
- Link projects and capture expenses or reports in a hierarchical presentation
- Provide a browser-based interface for exchanging data with Microsoft® Project
- Support multiple entity/multiple group use, allowing for more than one entity or work group to record R&D expenditures
- Produce management and budgeting reports
Finance and Administration
- Import and export general ledger data without the need to re-key
- Produce audit and cost reports
- Convert and present information and reports in any currency
- Capture all direct expenditures incurred on R&D and non-R&D projects
- Allocate overheads to eligible projects
- Provide central control and monitoring for recording R&D information
- Archive data at year-end
- Generate both custom-built and user defined reports
Taxation
- Tag eligible and non-eligible projects
- Allow for review of project eligibility and reclassification of all related expenditures
- Compare investment tax credits using proxy or traditional methods
- Prepare project specification documentation and prescribed tax forms required by federal and provincial governments
- Transfer R&D tax information electronically into corporate tax software packages
- Automatic calculation and allocation of R&D tax costs
Contact a professional in your area to discuss your unique taxation concerns.
