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G6 CEWS-SRED presentation

G6 Consulting Inc presentation on its software to minimize CEWS clawback of a company's SRED credits
Uploaded by Greg Hills of G6 Consulting on February 10/21
Greg can be reached at ghills@g6consulting.ca, (416)704-3879

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G6 CEWS-SRED presentation

  1. 1. CEWS – SRED Overview G6 Consulting Inc February 2021 g6consulting.ca “How G6 Will Save or Recover Half Your SRED Funding for the Next 3 Years”
  2. 2. https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy/cews-statistics.html The CEWS Program is Massive - $62B and Counting 20x the size of SR&ED funding annually
  3. 3. • Announced by the CRA in June 2020 – CEWS is “Gov’t Assistance” • CEWS Subsidies Dwarf SRED subsidies for most companies • A Bulk CEWS deduction wipes out SRED salary expenditures • Your SRED claim is reduced by up to 65%....for the next 3 years CEWS Grinds Your SRED Claim in FY2020, 21 and 22
  4. 4. • The only software available that minimizes CEWS grind of your SRED • Deduct ONLY the CEWS which directly overlaps your SRED subsidy • Save 50-90% of your SRED grind/reduction for FY20, 21 and 22 • Use G6 software with your T2 + SRED filing or as an admin amendment How Can G6 CEWS-SRED Software Help You?
  5. 5. https://www.g6consulting.ca/cews-sred-calculator/ G6 Software is Available as a downloadable Calculator or as a Service on Google Cloud
  6. 6. • Large Company – 6,000 staff • Medium Company – 400 staff • Small Company – 9 staff G6 Software Savings Case Studies
  7. 7. Large Company - High Tech Manufacturer No CEWS Impact Customer Profile 6,000 Staff in Canada 1,500 R&D Personnel Note: The SRED calculator to the left is available to download at: https://www.g6consulting.ca/sred -calculator/
  8. 8. Large Company - High Tech Manufacturer SRED Credits without G6 software
  9. 9. $19.5M Savings in FY2020! Large Company - High Tech Manufacturer SRED Credits with G6 software
  10. 10. No COVID/ No CEWS Credits with G6 software SRED Credits Are Still Down 13% From No COVID Scenario G6 Software Boosts Credits 59% from No Software CEWS Impact $19.5M Savings in 2020! Large Company - High Tech Manufacturer Summary of Impact of G6 software on 2020 SRED Credits SRED Credits Credits without G6 software
  11. 11. Medium Company - CCPC Engineering and Mfg No CEWS Impact Customer Profile 400 Staff 40 SR&ED Contributors
  12. 12. Medium Company - CCPC Engineering and Mfg SRED Credits without G6 software
  13. 13. Medium Company - CCPC Engineering and Mfg SRED Credits with G6 software
  14. 14. Medium Company - CCPC Engineering and Mfg Summary of Impact of G6 software on 2020 SRED Credits SRED Credits Are Still Down 8% From No COVID Scenario G6 software Boosts Credits 59% from No Software CEWS Impact $101,925 in Savings! No COVID/ No CEWS Credits with G6 calculator Credits without G6 calculator
  15. 15. Small Company - 9 Headcount Software start-up No CEWS Impact Customer Profile 4 x ASA (100%) SR&ED headcount 2 x SR&ED headcount at 35%
  16. 16. Small Company - 9 Headcount Software start-up SRED Credits without G6 software
  17. 17. Small Company - 9 Headcount Software start-up SRED Credits with G6 software
  18. 18. Small Company - 9 Headcount Software start-up Summary of Impact of G6 software on 2020 SRED Credits SRED Credits Are Still Down 12% From No COVID Scenario G6 Software Boosts Credits 18% from No Software CEWS Impact $42,467 in Savings No COVID/ No CEWS Credits with Gsoftware Credits without G6 software
  19. 19. https://apps.cra-arc.gc.ca/ebci/hacc/cews/srch/pub/dsplyBscSrch?request_locale=en The Gov’t Launched a searchable CEWS “snitch” database in Dec 2020! It lists all 411K companies receiving CEWS!
  20. 20. Protect Yourself AND Save Money – Enlist G6 Software Today Ensure the Accuracy of Your CEWS-SRED Filings The CRA is Actively Hunting Companies which are offside CEWS and/or CEWS-SRED
  21. 21. Get in touch with G6! Michael Austin – Marketing Manager m.austin@g6consulting.ca (905) 483-6359 Greg Hills ghills@g6consulting.ca (416) 704-3879 All material copyright G6 Consulting Inc. 2020, 2021

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