Some of Braithwaite Global's Success Stories
Braithwaite Global has helped a broad range of companies realize their entitlement to RTC tax credits. Clients have ranged from large multinational corporations to smaller startup businesses, and included companies that:
- Were not aware of their eligibility for the program and were not filing a claim
- Are filing claims, but who were not capturing all eligible work
- Were advised that they were not eligible
- Were filing internally but were initially rejected by taxation auditors, and chose to focus on their core business and outsource the claim process to external specialists.
Braithwaite Global were able to simplify the claim process, identify all eligible activities and costs, and ensure that the maximum RTC entitlement was claimed.
Successful case histories include:
Aerospace Industry:
Following the presentation of a seminar on RTC tax credits, Braithwaite Global was approached by the management of a company in the aerospace industry that, despite the formal opinion of their external auditors, felt some of their development work was eligible for RTC tax credits. After assessing eligibility, assisting with preparation of the claim package, and extensive discussions and representations to Tax Authorities, Braithwaite Global was successful in obtaining RTC tax credits totaling over $1 million dollars.
Automotive Industry:
A large manufacturer in the automotive industry was filing RTC tax credit claims internally. Braithwaite Global were retained to conduct an assessment and assist with claim preparation to ensure all eligible work was fully captured and properly documented. Braithwaite Global was able to increase their claim more than three-fold, resulting in a tax credit of over $1 million dollars.
Food Processing Industry:
Braithwaite Global worked with a large manufacturer with revenues over $3 billion in the US and Canada to review their RTC claim preparation process and ensure that tax credits were being fully captured. Over a period of a few months, Braithwaite Global reviewed eligible RTC activities in over 40 plants both in the US and in Canada. Braithwaite Global was able to develop a tax credit portfolio averaging $1 million yearly. The company is now taking full advantage of all State/Provincial and Federal RTC tax credit entitlements.
International Aerospace Company:
A European aerospace corporation retained Braithwaite Global for a review of their Canadian RTC operation. Following a successful six digit claim for Canadian SR&ED Tax credits, the Company decided to use Braithwaite Global to prepare their RTC tax credit claims for their European operations as well.
Software Industry:
A software company that had been internally claiming RTC Substantially all of the activities related to your research effort must constitute elements of a process of experimentation tax credits for several years approach Braithwaite Global for assistance. Following a hostile audit from the taxation authorities, 90% of their claim was rejected. Braithwaite Global successfully prepared a rebuttal and debated the case with the tax authorities and was able to preserve 98% of the original claim.
Electronics Industry:
A manufacturer of automotive electronic devices had been internally claiming RTC tax credits for several years. Following an audit from the taxation authorities, only 5% of their original claim was allowed and assessed. Braithwaite Global successfully prepared an Appeal and was able to preserve 100% of the original claim
Personal Transportation Equipment:
A $50 million US Corporation manufacturing personal transportation equipment was told by its external auditors that they would not qualify for RTC tax credit. Only one month before a critical taxation year would expire, Braithwaite Global was able file a claim for credits in excess of $500,000.
These are only a few examples of our Success Stories. Braithwaite Global Inc has been able to assist numerous other clients in a wide variety of industrial sectors.