You have founded your company and raised capital. Now it is time to operate your business. What are the legal aspects that you need to pay attention to? This webinar covers the knowledge and tools you need to make decisions and manage your business successfully.
Corporate Finance for Early & Growth Stage CompaniesBoast Capital
Running a business requires capital, but how do you determine which funding option is the best fit?
Gain the knowledge and tools you need to make decisions regarding financing sources and avoid common pitfalls. Specifically you will learn:
-Equity vs Debt
-Friends & Family vs Angels vs VCs/Negotiating the Term Sheet
-Bank Debt
-Mezzanine / Bridge Financing
-R&D tax and government funding
Your SR&ED and Intellectual Property PrimerBoast Capital
IP ownership is an important topic that comes up frequently when companies claim SR&ED. During this webinar, Boast Capital asked PCK to share more info about getting into the patent system, IP protection and how it impacts companies.
Building Blocks: Structuring & Organizing Your Company Boast Capital
Selecting the right legal structure is one of the most important decisions you will make when starting and growing a business. Not only will this decision have an impact on how much you pay in taxes, it will affect the amount of paperwork your business is required to do, the personal liability you face and your ability to raise money, go public, or exit.
When structuring your company, one size does not fit all. There are several factors to consider, such as initial shareholders, classes of shares, vesting, industry, growth plan, finance plan, etc. which will be covered in this webinar. Specifically you will learn:
-Types of Business Entities – impact of CCPC vs. Non-CCPC
-The Founders’ Prenup – Shareholder Agreements
-Directors & Officers – roles, obligations and liabilities
-Shareholders – rights and risks
Everything You Need to Know to Claim & Finance Your R&D Tax CreditsBoast Capital
Boast and Espresso have teamed up to host a webinar titled “Everything You Need to Know to Claim for, and Finance Your SR&ED Tax Credits”. During this webinar we will cover what type of work technically qualifies for the program, the types of expenditures that you can recover, as well as the potential returns you could receive. Espresso Capital will also speak about different financing options available to be able to realize your SR&ED return in a timely manner.
Everything You Need to Know About IRAP FundingBoast Capital
NRC’s Industrial Research Program (IRAP) provides technical and business innovation advising, financial assistance, and industry connections to over 10,000 SMEs annually. Known as one of Canada’s best funding programs, IRAP offers financial assistance under 4 subprograms. This presentation covers:
-What is IRAP and what funding opportunities are available
-Who is eligible and what qualifies
-How to prepare a successful IRAP claim
-New updates and deadlines
-How it works with the SR&ED program
Canadian Grants: A Crash Course in Non-Dilutive FundingBoast Capital
Learn about the different government funding programs in Canada so you can grow your business without giving up the equity you worked so hard to build.
A Crash Course in Canadian Non-Dilutive FundingBoast Capital
Learn about the different government funding programs in Canada so you can grow your business without giving up the equity you worked so hard to build.
R&D Tax Credits - How To Get $250,000 From The IRS For Your Product DevelopmentBoast Capital
Each year the US government provides over 10 billion dollars to businesses for developing new or improving existing technologies, products and materials under the R&D tax credit program.
The program can be complicated to navigate. This presentation aims to unravel the mystery. Specifically you will learn:
-What qualifies for R&D tax credits,
-How much can you get back from the government,
-How can you utilize the tax credits,
-What are the filing and documentation requirements,
-What are the risks involved.
Corporate Finance for Early & Growth Stage CompaniesBoast Capital
Running a business requires capital, but how do you determine which funding option is the best fit?
Gain the knowledge and tools you need to make decisions regarding financing sources and avoid common pitfalls. Specifically you will learn:
-Equity vs Debt
-Friends & Family vs Angels vs VCs/Negotiating the Term Sheet
-Bank Debt
-Mezzanine / Bridge Financing
-R&D tax and government funding
Your SR&ED and Intellectual Property PrimerBoast Capital
IP ownership is an important topic that comes up frequently when companies claim SR&ED. During this webinar, Boast Capital asked PCK to share more info about getting into the patent system, IP protection and how it impacts companies.
Building Blocks: Structuring & Organizing Your Company Boast Capital
Selecting the right legal structure is one of the most important decisions you will make when starting and growing a business. Not only will this decision have an impact on how much you pay in taxes, it will affect the amount of paperwork your business is required to do, the personal liability you face and your ability to raise money, go public, or exit.
When structuring your company, one size does not fit all. There are several factors to consider, such as initial shareholders, classes of shares, vesting, industry, growth plan, finance plan, etc. which will be covered in this webinar. Specifically you will learn:
-Types of Business Entities – impact of CCPC vs. Non-CCPC
-The Founders’ Prenup – Shareholder Agreements
-Directors & Officers – roles, obligations and liabilities
-Shareholders – rights and risks
Everything You Need to Know to Claim & Finance Your R&D Tax CreditsBoast Capital
Boast and Espresso have teamed up to host a webinar titled “Everything You Need to Know to Claim for, and Finance Your SR&ED Tax Credits”. During this webinar we will cover what type of work technically qualifies for the program, the types of expenditures that you can recover, as well as the potential returns you could receive. Espresso Capital will also speak about different financing options available to be able to realize your SR&ED return in a timely manner.
Everything You Need to Know About IRAP FundingBoast Capital
NRC’s Industrial Research Program (IRAP) provides technical and business innovation advising, financial assistance, and industry connections to over 10,000 SMEs annually. Known as one of Canada’s best funding programs, IRAP offers financial assistance under 4 subprograms. This presentation covers:
-What is IRAP and what funding opportunities are available
-Who is eligible and what qualifies
-How to prepare a successful IRAP claim
-New updates and deadlines
-How it works with the SR&ED program
Canadian Grants: A Crash Course in Non-Dilutive FundingBoast Capital
Learn about the different government funding programs in Canada so you can grow your business without giving up the equity you worked so hard to build.
A Crash Course in Canadian Non-Dilutive FundingBoast Capital
Learn about the different government funding programs in Canada so you can grow your business without giving up the equity you worked so hard to build.
R&D Tax Credits - How To Get $250,000 From The IRS For Your Product DevelopmentBoast Capital
Each year the US government provides over 10 billion dollars to businesses for developing new or improving existing technologies, products and materials under the R&D tax credit program.
The program can be complicated to navigate. This presentation aims to unravel the mystery. Specifically you will learn:
-What qualifies for R&D tax credits,
-How much can you get back from the government,
-How can you utilize the tax credits,
-What are the filing and documentation requirements,
-What are the risks involved.
SR&ED (Scientific Research and Experimental Development) Tax Credits 101Boast Capital
Each year the Canadian government provides billions of dollars to businesses for developing new or improving existing technologies, products, and materials under the Scientific Research and Experimental Development (SR&ED) tax credit program.
There is a common misconception that the SR&ED program only applies to companies with scientists performing research work in a lab, when in reality, the program was designed to support research and experimentation in all industries, from life science and manufacturing to software development, oil and gas, agriculture and beyond. Companies large and small as well as privately-owned and foreign-owned can claim SR&ED.
The SR&ED program is complex and requires a technical and financial justification of your R&D efforts to the Canada Revenue Agency (CRA).
About 25% of the SR&ED claims get audited and your claim stands to get denied or reduced if you have inadequate documentation and time tracking.
Additionally, it takes 18+ months from the start of your fiscal year until you receive your SR&ED refund.
In this guide, we’ll share how to increase your SR&ED claims, reduce audit risk, and file your claims quickly.
How to Avoid Costly Wage & Hour Pitfalls for Construction, Engineering & Land...EPAY Systems
Join litigators from Seyfarth Shaw, the top U.S. labor law firm, as they share do’s, don’ts, tips, and traps for employers in the construction, engineering and landscaping industries.
Seyfarth Shaw attorneys Rebecca Bromet and Kyle Petersen will discuss:
Litigation trends and recent settlements in the construction industry, and what they mean to you
Your greatest compliance risks (you may be surprised) and how to avoid them
The ‘riskiest’ times of day for construction, engineering & landscaping employers
Simple safeguards that can keep you out of court
For more than 60 years, Seyfarth Shaw has been recognized as one of the “go-to” labor and employment firms for business by providing extraordinary, cost-effective results. EPAY Systems, Inc. has joined forces with Seyfarth Shaw to educate employers of distributed labor environments on how compliance risk can be minimized.
Federal Incentives That Can Show You the MoneyCBIZ, Inc.
Federal Incentives That Can Show You the Money
As the country continues to fight its way out of the economic downturn, businesses and their owners are constantly looking for ways to increase cash flow. Several Federal tax incentives are available to help you meet this goal. Contrary to popular belief, you don’t need to be in a high-tech industry to benefit from the Research and Experimentation Credit. Nor do you need to place in service an entire “green” building to benefit from the Energy Efficient Commercial Buildings Deduction or other energy incentives. Even if your business currently isn’t producing taxable income, you may still be able to use these incentives to recover taxes paid in prior years or shelter future taxable income.
This presentation discusses key elements of:
• Research and Development Tax Credits
• Domestic Production Activities Deduction
• Energy Efficient Building Deduction
Michael Silvio is Managing Director with CBIZ MHM, LLC. He leads the San Diego and Orange
County offices’ Research & Development (R&D) and Energy Incentives Tax Credit Services Group.
Visit http://www.cbiz.com for more information or http://www.cbiz.com/page.asp?pid=9199.
Practical Guidance on Securities Offerings (including High Yield and Initial ...Winston & Strawn LLP
The third installment of The Real Deal, “Practical Guidance on Securities and Initial Public Offerings in a Changing Environment,” was held on March 18, 2014. The Real Deal is a webinar series addressing current trends, challenges, and legal topics pertinent to M&A and securities professionals.
Winston & Strawn partners Jim Junewicz, Cabell Morris, and Karen Weber participated in an interactive webinar focused on what you need to know about the latest developments in securities offerings, including high yield offerings and IPOs.
This presentation will:
- Discuss the legal and related financial implications
- Summarize some potential liabilities
- Discuss the legal test for distinguishing contractors from employees
- Dispel some common myths
- Conclude with steps to minimize the risk
IAG (London) Private Equity Fund Administration 2016Alan Ross
IAG (UK) delivers specialist fund administration services for private equity, real estate, alternative assets and listed fund structures. Each client is served by a highly skilled team led by a board director. Globally IAG has assets under administration of over $16bn.
Workplace Investigations (Series: Protecting Your Employee Assets)Financial Poise
To view the accompanying webinar, go to: https://www.financialpoise.com/financialpoisewebinars/on_demand_webinars/i-know-what-you-did-last-summer-workplace-investigations/
Now, more than ever, employers must be prepared to promptly and effectively respond to complaints of workplace harassment and/or discrimination. Often, that requires knowing when and how to conduct an internal investigation. Given the significance of the issues often at stake and the potential for a negative outcome (attorneys’ fees, high dollar settlement, negative PR), learning on the fly is not a viable option when undertaking an investigation. This program covers a host of questions, including what sort of issues should be investigated, who should conduct the investigation, what steps should you take and in what order, who should be interviewed, what sort of documents should be created and how do you close out the investigation? It also explores the investigation process and provides guidance from a seasoned investigator as to how to handle the many issues that you will often confront during the course of an investigation.
The good the bad and the ugly the line between pre-planned arrangements and...Sewell & Kettle Lawyers
The Good, the Bad and the Ugly
Why focus on SMEs?
• Increasingly important market for all insolvency practitioners
• Australia’s slow paying culture
• Financing obstacles
• Culture of lawlessness in some sectors
Ben Sewell
Principal of Sewell & Kettle Lawyers
Phone: 02 8251 0075
Email: bsewell@sklawyers.com.au
Everything You Need to Know About US R&D Tax CreditsBoast Capital
Each year the US government provides over 10 billion dollars to businesses for developing new or improving existing technologies, products and materials under the R&D tax credit program.
The program can be complicated to navigate. This presentation aims to unravel the mystery. Specifically you will learn:
-What qualifies for R&D tax credits,
-How much can you get back from the government,
-How can you utilize the tax credits,
-What are the filing and documentation requirements,
-What are the risks involved.
Webinar: The Do's and Don'ts of Claiming SR&ED Tax CreditsBoast Capital
On Feb 19, Jeff Christie delivered a webinar on the Do's and Don'ts of Claiming the Scientific Research & Experimental Development (SR&ED) tax credit. Here are the slides from the presentation.
How to Use Documentation & Time Tracking to Maximize Your SR&ED ClaimsBoast Capital
Did you know that inadequate documentation and time tracking are the most common reasons the Canada Revenue Agency (CRA) denies Scientific Research & Experimental Development (SR&ED) claims? In this slideshare, you will learn:
-How to automate and easily track labour time and costs associated with SR&ED eligible projects
-How to justify your claim to CRA reviewers with detailed documentation and reporting
-Documentation and time tracking tools and methods used by successful claimants.
Webinar: Everything You Need to Know to Claim SR&ED Tax CreditsBoast Capital
During the "Everything You Need to Know to Claim SR&ED Tax Credits", Jeff Christie discussed:
-What the program is
-Who qualifies and what can you claim
-How credits are calculated
-What you need to be doing now to increase your chances of a successful claim
Innovation Funding for Growth Oriented Companies in CalgaryBoast Capital
The Canadian Government provides over $7B in innovation funding each year and is considered one of the most generous countries for funding research, innovation, and experimentation.
Learn more about a few of Canada's innovation funding programs during this exclusive Lunch & Learn. We'll cover the following topics:
-Scientific Research & Experimental Development Tax Credit (SR&ED) presented by Jeff Christie, Boast Capital
-TECTERRA presented by Richard Gorecki, TECTERRA
-Mitacs presented by Eric Loo, Mitacs
SR&ED (Scientific Research and Experimental Development) Tax Credits 101Boast Capital
Each year the Canadian government provides billions of dollars to businesses for developing new or improving existing technologies, products, and materials under the Scientific Research and Experimental Development (SR&ED) tax credit program.
There is a common misconception that the SR&ED program only applies to companies with scientists performing research work in a lab, when in reality, the program was designed to support research and experimentation in all industries, from life science and manufacturing to software development, oil and gas, agriculture and beyond. Companies large and small as well as privately-owned and foreign-owned can claim SR&ED.
The SR&ED program is complex and requires a technical and financial justification of your R&D efforts to the Canada Revenue Agency (CRA).
About 25% of the SR&ED claims get audited and your claim stands to get denied or reduced if you have inadequate documentation and time tracking.
Additionally, it takes 18+ months from the start of your fiscal year until you receive your SR&ED refund.
In this guide, we’ll share how to increase your SR&ED claims, reduce audit risk, and file your claims quickly.
How to Avoid Costly Wage & Hour Pitfalls for Construction, Engineering & Land...EPAY Systems
Join litigators from Seyfarth Shaw, the top U.S. labor law firm, as they share do’s, don’ts, tips, and traps for employers in the construction, engineering and landscaping industries.
Seyfarth Shaw attorneys Rebecca Bromet and Kyle Petersen will discuss:
Litigation trends and recent settlements in the construction industry, and what they mean to you
Your greatest compliance risks (you may be surprised) and how to avoid them
The ‘riskiest’ times of day for construction, engineering & landscaping employers
Simple safeguards that can keep you out of court
For more than 60 years, Seyfarth Shaw has been recognized as one of the “go-to” labor and employment firms for business by providing extraordinary, cost-effective results. EPAY Systems, Inc. has joined forces with Seyfarth Shaw to educate employers of distributed labor environments on how compliance risk can be minimized.
Federal Incentives That Can Show You the MoneyCBIZ, Inc.
Federal Incentives That Can Show You the Money
As the country continues to fight its way out of the economic downturn, businesses and their owners are constantly looking for ways to increase cash flow. Several Federal tax incentives are available to help you meet this goal. Contrary to popular belief, you don’t need to be in a high-tech industry to benefit from the Research and Experimentation Credit. Nor do you need to place in service an entire “green” building to benefit from the Energy Efficient Commercial Buildings Deduction or other energy incentives. Even if your business currently isn’t producing taxable income, you may still be able to use these incentives to recover taxes paid in prior years or shelter future taxable income.
This presentation discusses key elements of:
• Research and Development Tax Credits
• Domestic Production Activities Deduction
• Energy Efficient Building Deduction
Michael Silvio is Managing Director with CBIZ MHM, LLC. He leads the San Diego and Orange
County offices’ Research & Development (R&D) and Energy Incentives Tax Credit Services Group.
Visit http://www.cbiz.com for more information or http://www.cbiz.com/page.asp?pid=9199.
Practical Guidance on Securities Offerings (including High Yield and Initial ...Winston & Strawn LLP
The third installment of The Real Deal, “Practical Guidance on Securities and Initial Public Offerings in a Changing Environment,” was held on March 18, 2014. The Real Deal is a webinar series addressing current trends, challenges, and legal topics pertinent to M&A and securities professionals.
Winston & Strawn partners Jim Junewicz, Cabell Morris, and Karen Weber participated in an interactive webinar focused on what you need to know about the latest developments in securities offerings, including high yield offerings and IPOs.
This presentation will:
- Discuss the legal and related financial implications
- Summarize some potential liabilities
- Discuss the legal test for distinguishing contractors from employees
- Dispel some common myths
- Conclude with steps to minimize the risk
IAG (London) Private Equity Fund Administration 2016Alan Ross
IAG (UK) delivers specialist fund administration services for private equity, real estate, alternative assets and listed fund structures. Each client is served by a highly skilled team led by a board director. Globally IAG has assets under administration of over $16bn.
Workplace Investigations (Series: Protecting Your Employee Assets)Financial Poise
To view the accompanying webinar, go to: https://www.financialpoise.com/financialpoisewebinars/on_demand_webinars/i-know-what-you-did-last-summer-workplace-investigations/
Now, more than ever, employers must be prepared to promptly and effectively respond to complaints of workplace harassment and/or discrimination. Often, that requires knowing when and how to conduct an internal investigation. Given the significance of the issues often at stake and the potential for a negative outcome (attorneys’ fees, high dollar settlement, negative PR), learning on the fly is not a viable option when undertaking an investigation. This program covers a host of questions, including what sort of issues should be investigated, who should conduct the investigation, what steps should you take and in what order, who should be interviewed, what sort of documents should be created and how do you close out the investigation? It also explores the investigation process and provides guidance from a seasoned investigator as to how to handle the many issues that you will often confront during the course of an investigation.
The good the bad and the ugly the line between pre-planned arrangements and...Sewell & Kettle Lawyers
The Good, the Bad and the Ugly
Why focus on SMEs?
• Increasingly important market for all insolvency practitioners
• Australia’s slow paying culture
• Financing obstacles
• Culture of lawlessness in some sectors
Ben Sewell
Principal of Sewell & Kettle Lawyers
Phone: 02 8251 0075
Email: bsewell@sklawyers.com.au
Everything You Need to Know About US R&D Tax CreditsBoast Capital
Each year the US government provides over 10 billion dollars to businesses for developing new or improving existing technologies, products and materials under the R&D tax credit program.
The program can be complicated to navigate. This presentation aims to unravel the mystery. Specifically you will learn:
-What qualifies for R&D tax credits,
-How much can you get back from the government,
-How can you utilize the tax credits,
-What are the filing and documentation requirements,
-What are the risks involved.
Webinar: The Do's and Don'ts of Claiming SR&ED Tax CreditsBoast Capital
On Feb 19, Jeff Christie delivered a webinar on the Do's and Don'ts of Claiming the Scientific Research & Experimental Development (SR&ED) tax credit. Here are the slides from the presentation.
How to Use Documentation & Time Tracking to Maximize Your SR&ED ClaimsBoast Capital
Did you know that inadequate documentation and time tracking are the most common reasons the Canada Revenue Agency (CRA) denies Scientific Research & Experimental Development (SR&ED) claims? In this slideshare, you will learn:
-How to automate and easily track labour time and costs associated with SR&ED eligible projects
-How to justify your claim to CRA reviewers with detailed documentation and reporting
-Documentation and time tracking tools and methods used by successful claimants.
Webinar: Everything You Need to Know to Claim SR&ED Tax CreditsBoast Capital
During the "Everything You Need to Know to Claim SR&ED Tax Credits", Jeff Christie discussed:
-What the program is
-Who qualifies and what can you claim
-How credits are calculated
-What you need to be doing now to increase your chances of a successful claim
Innovation Funding for Growth Oriented Companies in CalgaryBoast Capital
The Canadian Government provides over $7B in innovation funding each year and is considered one of the most generous countries for funding research, innovation, and experimentation.
Learn more about a few of Canada's innovation funding programs during this exclusive Lunch & Learn. We'll cover the following topics:
-Scientific Research & Experimental Development Tax Credit (SR&ED) presented by Jeff Christie, Boast Capital
-TECTERRA presented by Richard Gorecki, TECTERRA
-Mitacs presented by Eric Loo, Mitacs
Jumpstart: The Guide To Growing A Startup With Inbound MarketingHubSpot
Jumpstart your startup with inbound marketing. A simple guide for entrepreneurs that want to grow their business using SEO, blogging and social media. From the makers of the original #CultureCode deck
From ITC Agent Conference 2016...
This session is designed for all agency principals, regardless of where they are in their professional life, as "optimizing agency value" is not just a selling thing. In this breakout, you will learn ways to improve your overall business, while increasing value and becoming better prepared for market challenges facing our industry today.
The deal is complete, and the parties have finished the hard work. Or have they? Integration planning turns to execution as people, process, and technology are combined once the deal is legally closed. The buyer will need to consider the purchased business or assets from the standpoint of employees, IT, customers, suppliers, and a multitude of other areas. In addition, numerous post-closing legal issues may arise, including purchase price adjustments, breaches of representations and warranties, enforcement of key negative employment-related covenants and restrictive covenants, collection of pre-closing accounts receivable, and true-ups of final financials. This episode guides listeners through the process, timing, and issues which most commonly arise after the closing of deals.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/post-closing-issues-integration-potential-buyer-seller-disputes-2021/
This month’s Breakfast Briefing is based on the hottest topic in company ownership – Employee Ownership Trusts.
South West firm, Paradigm Norton is the latest business to make headlines by becoming employee owned. It follows hot on the heels of Richer Sounds joining the most well-known employee owned company, John Lewis. High street staple Lush has also started the journey.
PKF Francis Clark will be joined by Christian Wilson from Stephens Scown to look at the Employee Ownership Trust model from a legal and tax perspective. We will also hear some of the factors that are stimulating increasing interest in the model, including the results of research showing that the greater staff engagement and lower staff turnover associated with this model helps to employee owned companies to achieve:
- Sales increase of 4.6% per year
- EBITDA increase of 25.5% per year
- Productivity increase of 4.5% per year
We will also consider some of the practical issues to be considered in deciding whether this is an option to pursue and in implementation. There will be a brief mention of some other related (i.e., employee engagement) issues.
The deal is complete, and the parties have finished the hard work. Or have they? Integration planning turns to execution as people, process, and technology are combined once the deal is legally closed. The buyer will need to consider the purchased business or assets from the standpoint of employees, IT, customers, suppliers, and a multitude of other areas. In addition, numerous post-closing legal issues may arise, including purchase price adjustments, breaches of representations and warranties, enforcement of key negative employment-related covenants and restrictive covenants, collection of pre-closing accounts receivable, and true-ups of final financials. This episode guides listeners through the process, timing, and issues which most commonly arise after the closing of deals.
Part of the webinar series:
M&A BOOT CAMP - 2022
See more at https://www.financialpoise.com/webinars/
Turning an Idea or Product into a Business (Series: Business Advice - From St...Financial Poise
Building the infrastructure of a business around a product or service requires detailed focus upon items that are not intuitive.
An early decision which Founders must make is the selection of legal entity (LLC, Partnership, S Corp, C Corp, Non-Profit) for the business. Another critical action item is to consider steps to protect intellectual property by keeping copycats away, to the extent possible (i.e. with copyrights, trademarks, patents, non-disclosure agreements, among other things). Hiring and incentivizing employees and finding a way to finance the business are examples of other key areas that Founders may need assistance with. This webinar provides an overview of these topics and shares some best practices with regard to them.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/turning-an-idea-or-product-into-a-business-2021/
When Do You Need One & Where Do You Get One? (Series: Valuation Fights in Lit...Financial Poise
A dispute regarding the value of a business or business interest, other asset, or liability can often lead to litigation. When do you need a valuation expert?
An independent, third-party expert is not necessarily required during the negotiation process although it may be helpful. Once you head to litigation, an expert is all but required.
Are there credentials that are useful in identifying the appropriate expert? Are all credentialed experts the same or are there advantages to one over another? The process of selecting the right expert begins with identifying the issues in dispute. This webinar will help you by identifying and explaining key factors that you should consider in selecting an expert for your litigation circumstances.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/when-and-where-2019/
The Role of the Board in a Private Company (Series: Board of Directors Boot C...Financial Poise
To view the accompanying webinar, go to: https://www.financialpoise.com/financialpoisewebinars/on_demand_webinars/the-role-of-the-board-in-a-private-company/
Private company owners, including family businesses, ESOPs, and private equity owners, often have different expectations for their boards than is common in publicly traded firms. Besides being much less encumbered by regulatory compliance, many private firms are looking for a completely different kind of engagement from directors. In companies with new boards, leaders and directors often struggle early on to determine the role of the board and how to separate board responsibilities from those of ownership and management. In this webinar, the audience will learn what companies are really looking for (or should be) from their boards, and the many ways that boards contribute to private company success.
Building the infrastructure of a business around a product or service requires detailed focus upon items that are not intuitive.
An early decision which founders must make is the selection of a legal entity (LLC, Partnership, S Corp, C Corp, Non-Profit) for the business. Another critical action item is to consider steps to protect turf by keeping copycats away, to the extent possible (i.e. with copyrights, trademarks, patents, non-disclosure agreements, among other things). Hiring and incentivizing employees and finding a way to finance the business are examples of other key areas that founders need to get right. This webinar provides an overview of these topics and shares some best practices with regard to them.
Part of the webinar series: THE START-UP / SMALL BUSINESS ADVISOR 2022
See more at https://www.financialpoise.com/webinars/
ESOPs 101 (Series: Cross-Training for Business Lawyers 2020) Financial Poise
Employee stock ownership plans (ESOPs) are plans regulated by the Employee Retirement Income Security Act (ERISA) and designed to allow employees to invest in the stock of their employer. The shareholder participants/employees as well as the sponsoring company generally receive tax benefits through the use of the plan. And while they are generally touted as designed to promote employees’ interest and efforts in maximizing the value of the company for the benefit of both employer and employees, ESOPs are often used as a method of corporate finance by the sponsoring company.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/esops-101-2020/
Understanding Risk Management Basics for Business Owners (Series: Business Pr...Financial Poise
This expert panel embarks upon a discussion of key elements of risk management such as the 5-Steps of the Risk Management Process, Understanding 3 Main Types of Loss Exposures, Measuring Loss Exposures and 5 Types of Risk Control. We’ll discuss Insurance Distribution, Wholesale v. Retail Insurers and Policies to give a business owner an understanding of what to look for in a carrier, a broker and how underwriters operate. We’ll also review some general best practices for Safety and Loss Control applicable to many businesses. In light of current circumstances, we’ll discuss safety measures for employees working from home.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/understanding-risk-management-basics-for-business-owners/
Building an efficient law practice means digging deep and figuring out what works and what doesn’t. Stacey Burke has audited law firms of varying practice areas across the country. In this webinar she will give her top tips for running an efficient law practice by using appropriate technology and other best practices.
12 Step Community Led Growth Playbook - Lloyed LoboBoast Capital
Community-led growth is taking center stage at organizations across all industries. With traditional marketing techniques reaching a saturation point and product features appearing to differ very little, a thriving community can become your single greatest asset by acting as a force multiplier for your business and also enabling you to stand out in a fragmented market.
However, building and nurturing a community takes time - relationships cannot be an afterthought. When put front and center, a community can be a great acquisition channel, product feedback mechanism, brand differentiator, and retention lever.
In this session, Lloyed Lobo, Cofounder of Boast.AI shares how they were able to bootstrap to 8 figures in revenue by building a community of +100k people called Traction and the key lessons learned along the way.
Specifically, Lloyed covers:
- Audience vs community, what is the difference
- Getting your community started, bringing people together, and seeding it at the beginning
- How to ensure your community sticks and sustains for the long haul
- The most impactful way to add new members
- Unique strategies and tactics to keep the community engaged and drive interpersonal connections between members
- The key metrics for community success
- Tools to manage the community
Bio below
Lloyed is the Co-founder of Boast.AI fintech platform that automates access to billions in R&D tax credits and government funding to help innovative companies fuel their growth. Boast.AI was bootstrapped to 8 figures in revenue before it raised a $30 CAD Series A and launched a $100M debt fund to finance R&D.
Lloyed also runs Traction, a community of +100k innovators where leaders from the fastest growing companies share learnings on building, growing, and scaling companies via weekly webinars, regular meetups, and conferences.
Lloyed has been covered in Forbes, TechCrunch, Fox Business, SF Biz Journals, and VentureBeat. He has also been a speaker at top conferences and podcasts including SaaStr, Entrepreneurs on Fire, Mixergy, 1Mby1M, and Marketing School.
- LinkedIn: https://www.linkedin.com/in/lloyedlobo/
- Website: https://tractionconf.io
- YouTube: https://www.youtube.com/c/TractionConf/videos.
- Spotify: https://open.spotify.com/show/6twRL8X8D4CQq9yaazkvuM
- Apple: https://podcasts.apple.com/us/podcast/traction/id1595806788
Two Ways To Skip a VC Round With Alternative Funding Boast Capital
Many entrepreneurs assume that VC is the only way get the kind of funding they need. The truth is only 1% of U.S. startups get VC funding. And for many young companies, spending months to raise venture capital and dilute equity early can be detrimental to the business. Skipping a round of equity financing preserves founders' wealth in the long run and helps them maintain control of the business.
In this webinar, BJ Lackland, CEO of Lighter Capital and Lloyed Lobo, Co-founder of Boast Capital will share two alternative funding methods that can help you extend runway and grow without diluting the equity you worked so hard to build.
In this 45 minutes webinar we will cover:
- Why it's beneficial to skip a round
- What are some alternative funding methods to traditional VCs
- Q&A
Fund Your Innovation - SR&ED Tax Credits and other Government GrantsBoast Capital
So now that you’ve started a business and have everything figured out you’ve started to look at alternative financing options. The non-dilutive options are great but what are the options and how do you access this cash? We will walk you through the SR&ED tax incentive program and discuss IRAP, IDMTC and other government grants available to help you build your product(s).
Alex Popa presented the answers to the following questions for DevFestYVR on Feb 21:
-What you need to know about the SR&ED program.
-How the SR&ED program applies to product and process development in the real world.
-What does the SR&ED claim process look like – a detailed walkthrough.
-How can I make this source of funding more reliable?
-What are some of the government grants available to help lower the cost of building a product? A look at IRAP, IDMTC, and other sources of funding.
Innovation Funding for Growth-Oriented Companies in EdmontonBoast Capital
The Canadian Government provides over $7B in innovation funding each year and is considered one of the most generous countries for funding research, innovation, and experimentation.
We share information about three of Canada's innovation funding programs during this exclusive Lunch & Learn at TEC Edmonton on February 3, 2015. These slides cover the following topics:
-Scientific Research & Experimental Development Tax Credit (SR&ED) presented by Jeff Christie, Boast Capital
-Mitacs research internships
-NRC IRAP
Innovation Funding for Growth-Oriented Companies - Oct 24, 2014Boast Capital
The Canadian Government provides over $7B in innovation funding each year and is considered one of the most generous countries for funding research, innovation, and experimentation.
Learn more about a few of Canada's innovation funding programs:
-Scientific Research & Experimental Development Tax Credit (SR&ED), slides presented by James Suk, Boast Capital
-Small Business Grants, slides presented by Stephanie Sang, Granted Consulting
-Sustainable Development Technology Canada (SDTC) slides presented by Paul Austin, Regional Director of Partnerships
Time Tracking for SR&ED Claims 101 - Oct 23, 2014Boast Capital
Did you know that inadequate time tracking is one of the most common reasons the Canada Revenue Agency denies Scientific Research & Experimental Development (SR&ED) tax credit claims?
Whether you've claimed before or are just learning about the SR&ED program, join Boast Capital on Thurs, Oct 23 from 4 - 6 pm to discuss how you can support your next SR&ED claim. You will learn:
-What types of projects are eligible for SR&ED and how to claim
-What the CRA requires for time tracking and documentation and what you should be doing
-What a CRA Review consists of and how you can prepare
Spots are limited so don't miss out!
"The Many C's of Grant Writing Success" was developed and presented by Douglas Hagedorn, Founder of Tactalis on July 3, 2014. Douglas presented a workshop on Grant Writing for Startups.
Kleiner Perkins Caufield Byers (KPCB) Internet Trends - Code ConferenceBoast Capital
The latest edition of the annual Internet Trends report includes:
1. Key Internet trends showing slowing Internet user growth but strong smartphone, tablet and mobile data traffic growth as well as rapid growth in mobile advertising.
2. Emerging positive efficiency trends in education and healthcare.
3. High-level trends in messaging, communications, apps and services.
4. Data behind the rapid growth in sensors, uploadable / findable / shareable data, data mining tools, and pattern recognition.
5. Context on the evolution of online video.
6. Observations about online innovation in Chin
Innovation Funding Lunch & Learn May 13, 2014Boast Capital
Boast Capital recently held an Innovation Funding Lunch & Learn with support from Calgary Economic Development.
We covered the following Innovation Funding programs:
-Scientific Research & Experimental Development (SR&ED) Tax Credits
-TECTERRA’s Geomatics Funding Programs
-National Research Council’s Industrial Research Assistance Program (IRAP)
-Mitacs’ Research Internships
Everything You Need to Know to Claim SR&ED Tax CreditsBoast Capital
This webinar was hosted by Boast Capital on April 23, 2014. The following slides cover:
-SR&ED Overview
-Industry Examples
-Recoverable Amounts & Qualifying Expenditures
-Program Changes
-Financial & Technical Tracking
-Timeframe for Claiming
-CRA Reviews
-About Boast Capital
If you have any questions or would like further clarification about the tax credit program, please email us at info@boastcapital.com or visit our website for more info: www.boastcapital.com
This presentation walks you through the Scientific Research and Experimental Development (SR&ED) tax credits program. This is a Federal Tax incentive program for Innovation administered by the Canada Revenue Agency (CRA).
Innovate Calgary's Presentation on Perfecting the Investor Pitch at Startup W...Boast Capital
This is a presentation by Alex Raczenko, EIR at Innovate Calgary in Alberta at Startup Weekend on July 12, 2013. Alex discusses the 12 key questions every entrepreneur needs to answer before raising outside capital. Following this presentation you will be able to perfect your investor pitch.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
3. Agenda
q Employee Matters – Employee vs. Contractor
q Protecting Your IP
q Founders’ Dilemma – Managing your Board and Investors
3
4. Employee vs. Contractor:
Why do we care?
4
Successful companies use multiple types of working arrangements.
Considerations:
Ø Overhead and administration: employer must make required deductions
(EI premiums, CPP contributions, income tax, etc.)
Ø Worker’s entitlement to benefits (EI, overtime, vacation, severance, etc.)
Ø Desired level of control over worker
6. Employee vs. Contractor
6
1. Intention of the parties.
2. Level of control exercised over the worker’s work.
3. Ownership of tools.
4. Whether the worker hires his or her own helpers.
5. Financial risk taken by the worker and chance of profit/risk of
loss for the worker.
6. Degree of responsibility for investment and management of
the worker.
Factors to Consider
7. Factors to Consider
7
1. Intention of the Parties
Key questions:
Ø What was the worker told by the Company when hired or engaged?
Ø What are the terms of any written agreement between the worker and the
Company?
Ø How have the Company and worker behaved and accounted for the
worker’s work on a day-to-day basis?
8. Factors to Consider
8
2. Level of control
Key questions:
Ø Is the worker supervised by the Company?
Ø Is the worker only told what work needs to be done and is left to
perform the work using his or her own skills and experience?
Ø Does the business relationship reflect a long-term and continuous
engagement, loyalty to the Company and high integration with the
Company’s business?
9. Factors to Consider
9
3. Ownership of tools
Key questions:
Ø Does the worker provide his or her own tools/
equipment?
Ø Has the worker made a large investment
in and is responsible for the costs of maintaining
the tools/equipment?
10. Factors to Consider
10
4. Whether the Worker Hires Helpers
Key questions:
Ø Can the worker hire his or her
own subcontractors/helpers?
Ø Can the worker send in replacements?
11. Factors to Consider
11
5. Financial Risk/Chance of
Profit/Risk of Loss
Key questions:
Ø What is the degree of financial risk taken
by the worker?
Ø Can the worker control his or her
opportunity to make a profit or incur a
loss?
12. Factors to Consider
12
6. Investment and Management
Key questions:
Ø Has the worker made a capital investment?
Ø Does the worker have an office?
Ø Does the worker manage his or her own staff?
13. Relevant Cases:
Uber cases
Ø June 2015 decision of the California Labor Commissioner – worker found to be an
employee. The decision is being appealed by Uber.
Ø June 2015 decision of the California Unemployment Insurance Appeals Board – worker
found to be an employee
Ø March 2015 decision a judge of the federal district court in San Francisco:
o judge agreed with the plaintiffs’ arguments about why certain California Uber
drivers may be properly classified as employees
o case has been certified as a class action and is set to begin trial on June 20, 2016
13
14. Relevant Cases:
Factors considered in Uber cases
Ø extensive screening processes and quality control procedures;
Ø company documents issued to drivers provided detailed instructions as commands;
Ø significant control over revenue drivers can earn (i.e. setting fares, making adjustments to
charges and deciding requests for reimbursements);
Ø Uber does not receive a flat fee from its drivers in exchange for an unlimited number of
“leads”;
Ø clients cannot request specific drivers;
Ø drivers cannot subcontract;
Ø drivers have no investment in their business other than a vehicle and phone (and a phone
would be provided by Uber if driver did not already have one) and no managerial skill that
could affect profit or loss; and
Ø High integration - Uber would not be a viable business entity without its drivers.
14
15. Protecting Your IP
Ø Ensure Company owns IP under any employment agreement, license or
sales contract.
Ø Ensure any IP developed pre-incorporation is assigned to the Company.
Ø Invest in well-written non-disclosure agreements.
Ø Patent what is important to others and you.
Ø Identify, register, track and police all trademarks and copyrights.
15
17. Founders’ Dilemma:
Managing your board and investors
Ø Each party plays its part:
17
Provide capital and approve major
Company transactions
Shareholders
Board of Directors
Elect
Appoint
Officers/Senior
Executives
Responsible for
day to day operations
Oversee the management of the
Company
18. Founders’ Dilemma:
Managing your board and investors
18
Accountability
and
Transparency
to all
Stakeholders
Books and
Records
Standard Form
Contracts
Documented
Decision
Making
Process
19. Books and Records
19
Create and maintain books
and records of the Company:
Minute Books:
● articles and by-laws
● initial organizational
resolutions
● directors’ and shareholders’
resolutions
● issued share certificates
● annual maintenance
(resolutions, reports, etc.)
Financials
Policies and Procedures/
Manuals
20. Ø Invest in a set of well-written standard form contracts tailored to
your needs:
o non-disclosure agreements
o employment and consulting agreements
o sales agreements
o licensing agreements
o etc.
20
Standard form contracts
21. Ø Be familiar with and obtain all required consents and approvals
for transactions under:
o articles and by-laws
o shareholders’ agreements
o loan agreements
o etc.
21
Documented decision making
22. Documented decision making
Directors owe a fiduciary duty to the Company:
Ø Document decisions, and decision making process, in directors’
resolutions/minutes
Ø A due diligence defense requires due diligence
Ø Disclose any conflicts of interests and abstain from voting if
any exist
22
23. Client-Centered. Responsive. Innovative.
At Michael, Evrensel & Pawar LLP (MEP Business Counsel), we approach the practice of business law differently. As a guiding principle, we are committed to provide the same
high-quality expertise of a top-tier national law firm, but deliver it with the innovation, cost-efficiencies and personal attentiveness you’d expect from dedicated in-house counsel.
As a Canadian corporate and entertainment law firm with extensive international experience, our contemporary model is simple but far from common:
World-Class Experience – Our team of highly experienced and award-winning lawyers – with training and experience from internationally recognized firms in London, New
York, Toronto, Montreal, Beijing and Vancouver – provide world-class business and entertainment legal services to some of North America’s most notable companies.
Client-Centred Approach – Clients now demand more of their legal advisors, which is driving a change in the legal services landscape in Canada, and rightly so. Businesses
expect greater value at sensible prices, which is achieved by receiving practical legal advice tailored to advance their goals. At MEP Business Counsel, we have an unwavering
commitment to your business, with a goal to provide you with bespoke legal services that put your real needs first.
Business-First Thinking – We have a unique combination of established legal expertise and commercial understanding. Effective business counsel should help drive your
commercial success by crafting solutions, not by simply identifying constraints. At MEP Business Counsel, we pride ourselves on aligning our advice with your core business
objectives, offering solutions to overcome obstacles. After all, we are entrepreneurs in our own right.
Flexible Value-Based Pricing and Alternative Fee Arrangements – Your business needs are unique. That’s why MEP Business Counsel is flexible when it comes to pricing
and fee arrangements. Unhindered by the rigidity of the conventional “big law” firm model, MEP Business Counsel is able to work with you to respond to those unique demands.
Regardless of the fee arrangement, at the core of each of our mandates is a commitment to provide exceptional value and build lasting business relationships.
23
meplaw.ca facebook.com/mepbusinesscounsel @meplaw MEP Business Counsel 604.669.1110
24. SR&ED – Documentation and Time
Tracking
Presented by Jeff Christie, Partner, Boast Capital
25. OUTLINE
I. Overview of the SR&ED Program
II. Benefits of Claiming SR&ED
III. Time Tracking and Documentation
IV. CRA’s Requirements
V. Do’s and Don’ts
VI. Q&A
29. QUALIFYING CRITERIA
Must meet three criteria to qualify for SR&ED:
1. Technological Challenges
2. Technological Uncertainty
3. Technical Content or Iterations
30. ELIGIBILITY
The CRA’s 5 questions:
1. Was there a scientific or a technological uncertainty that could not
be removed by standard practice/engineering?
2. Did the effort involve formulating a hypothesis specifically aimed at
reducing or eliminating the uncertainty?
Continued…
31. ELIGIBILITY
3. Was the adopted procedure consistent with the total discipline of
the scientific method, including formulating, testing, and
modifying the hypothesis?
4. Did the process result in a scientific or technological
advancement?
5. Was a record of the hypothesis tested and results kept as the
work progressed?
38. TECHNICAL DOCUMENTATION
CRA requires that SR&ED documentation must:
§ Have been documented at the time the work was completed
§ Highlight technical obstacles or challenges
§ Be dated
39. TECHNICAL DOCUMENTATION
§ Most important thing is to document the technical challenges/obstacles as the work
progresses.
§ Capture: the problem and the iterations undertaken to attempt to resolve the
problem
§ What are the different hypotheses and how was each hypothesis tested?
40. TECHNICAL DOCUMENTATION
§ For a typical software project, only the major technical challenges/obstacles
encountered by the team in a month need to be documented -- not every
little problem.
42. TIME TRACKING
Track time by project and activity
§ For a software company, time should be tracked by the following activities:
§ Development
§ Testing
§ Project Management
§ Assignment of Resources
§ Technical Analysis
§ Technical Requirements
§ Non-SR&ED (catch all for time that doesn't fit into activities above)
43. TIME TRACKING
§ Any type of system can be used (i.e. Excel or web time tracking system)
§ Important thing is that time is tracked and broken down by project and activity
§ Specified employees who are likely to be included in the claim, need to track
time as well.
§ Time claimed for specified employees comes under additional CRA scrutiny
§ Time sheets can be entered daily or weekly and at half or quarter day intervals
§ no need to be too precise; more important that time is captured
53. Presenter Bios
53
Call to the Bar
Alberta, 2012
British Columbia, 2014
Areas of Expertise
Mergers and Acquisitions
Corporate Finance
Corporate and Commercial
Technology
Start-up Companies
Venture Capital / Private Equity
Education
J.D., University of British Columbia, 2011
B. Comm, Concordia University, 2003
@meplaw
Emmanuelle Frederic-Popa
Emmanuelle Frederic-Popa (epopa@meplaw.ca; (778) 331-0286)
Associate
Emmanuelle Frederic-Popa is an Associate at MEP Business Counsel. Emmanuelle’s practice encompasses a wide variety of corporate and commercial
law transactions, with a focus on mergers & acquisitions, corporate governance and financings. Emmanuelle advises public and private companies in
Canadian and cross-border mergers & acquisitions, financings, securities offerings, technology-related transactions and regulatory compliance. She also
regularly assists clients on general corporate matters and corporate governance issues.
Prior to joining MEP Business Counsel, Emmanuelle worked in the Calgary office of Blake Cassels & Graydon LLP representing both private and publicly
traded issuers and acting on behalf of underwriters and dealers in a wide variety of private and public offerings of debt and equity securities as well as
mergers & acquisitions.
Prior to practising law, Emmanuelle was an Information Technology project manager at Johnson & Johnson and has experience in the consumer, medical
devices and pharmaceutical industries.
Selected Representative Work
§ Represented Shoes.com Technologies Inc. in its acquisitions of all of the shares of St. Louis based Shoes.com and California based Richer Poorer,
Inc.
§ Represented a publicly traded Alberta-based company on numerous cross-border private equity commitments in private technology companies.
§ Represented Thunderbird Films Inc., a Vancouver based film and television production company, in connection with its acquisition of all of the
shares of Great Pacific Media Inc. and Soda Pictures Limited.
§ Represented a British Columbia-based food and beverages distribution company in the sale of its assets to a New-York based private equity fund.
§ Represented a publicly traded company on its $69-million acquisition, through a Canadian subsidiary, of a private Alberta-based Engineering,
Procurement and Construction Management company.
§ Represented the target in connection with its $15.1-billion acquisition by a foreign company and subsequent restructuring.
§ Represented numerous junior oil and gas companies on approximately $220-million of aggregate private equity commitments.
54. Presenter Bios
54
Call to the Bar
British Columbia, 2013
Areas of Expertise
Corporate and Commercial
Corporate Governance
Mergers and Acquisitions
Joint Ventures
Private M&A
Corporate Finance and Securities
Education
J.D., University of Victoria, 2012
B.A., SFU, 2004
Mike Weber (mweber@meplaw.ca; (604) 891-1153)
Associate
Michael Weber is an Associate at MEP Business Counsel. Michael’s primary practice focuses on mergers & acquisitions, corporate
finance, and corporate/commercial legal matters. Michael advises public and private companies and underwriters in Canadian and
cross-border mergers & acquisitions, financings, securities offerings and regulatory compliance. He also routinely assists clients on
general corporate matters and corporate governance issues.
Prior to joining MEP Business Counsel, Michael practiced business law in the Vancouver office of McCarthy Tétrault LLP. Prior to
practicing law, Michael lived in Taiwan and was a teacher.
Selected Representative Work
§ Advised Travelers Capital Corporation on the multi-phase $28 million financing of wind projects totaling 61-megawatts under
Nova Scotia’s COMFIT program, representing the first successful financing under such program.
§ Co-advised a joint-venture group in its bid ($100 million) for a 25-megawatt run-of-river hydroelectric project located near the
Lower Mainland, British Columbia.
§ Assisted a banking syndicate in connection with $102 million dollar financing of a 36-megawatt Electricity Purchase
Agreement-awarded biomass project near Fort St. James.
§ Represented an industrial construction services company in its acquisition of a Vancouver-based construction management
company.
§ Advised Thunderbird Films Inc. in its acquisition of all of the shares of Atomic Cartoons Inc.
§ Represented Nerd Corps Entertainment Inc., a Vancouver-based animation studio, with the sale of all of its shares to DHX
Media Ltd. for approximately $57 million.
§ Advised Coastal Contacts Inc. during its USD$430 million acquisition by Essilor International by way of a Plan of Arrangement
under the Business Corporations Act (British Columbia).
@meplaw.ca
Mike Weber
Editor's Notes
Canadian R&D tax credit program administered by the Canada Revenue Agency (CRA)
~95% of claims are considered experimental development
In 2013, the government provided over $3.4 Billion in assistance to 22,000 claimants
SR&ED returns are called Investment Tax Credits (or ITCs)
Federal budget 2015 – nothing’s changed
Work must meet three criteria:
Technological Challenges
Technological Uncertainty and how to overcome
Technical Content or iterations
CRA defines this as “Work performed for the purpose of creating new, or improving existing, materials, devices, products, or processes”
What’s eligible?
Work must meet the three criteria
Work must meet three criteria:
Technological Advancement
Technological Uncertainty
Technical Content
CRA defines this as “Work performed for the purpose of creating new, or improving existing, materials, devices, products, or processes”
Can occur in various industries (both low and high tech)
Image recognition engine for orthotics
Combining existing technology or software that was not intended to work together
Developing new software
Improving software to work with legacy systems
Adapting a product for use it was not intended to be used for
As well as large and small companies
Small to medium sized enterprises (SMEs) are defined as generating less than $500K income in that fiscal year.
Non-arms length subcontractors
Salaries and sub-contractors MUST be Canadian-based
Assuming all expenses are paid, SME’s qualify for refundable investment tax credits (or ITCS). This means they get a cheque back from the government
Foreign owned corporations, publically-traded, or Canadian controlled companies that are earning more than $500K in revenue per year
Lowered the federal SR&ED return rate from 20% to 15% as of Jan 1, 2014
ITCs are non-refundable. They are simply tax credits that be carried back 3 years or forward indefinitely.
Salaries and sub-contractors MUST be Canadian-based
Non-arms length subcontractors
Extremely important as the CRA has become very strict on claims that do not fulfill their requirements.
Technical documentation needs to be:
Contemporaneous – documented at the time of the experimentation.
Highlight technical obstacles or challenges
Dated
Examples of technical documentation: Engineering notebooks, Versioning Control on software Iterations, Whiteboard images, Emails.
Just be aware. Some agile software development teams have needed to implement a better documentation system for their SR&ED eligible projects.
Each company works very differently - we can help you set up an efficient system for your company.
Technical documentation needs to be:
Contemporaneous – documented at the time of the experimentation.
Highlight technical obstacles or challenges
Dated
Examples of technical documentation: Engineering notebooks, Versioning Control on software Iterations, Whiteboard images, Emails.
Just be aware. Some agile software development teams have needed to implement a better documentation system for their SR&ED eligible projects.
Each company works very differently - we can help you set up an efficient system for your company.
Technical documentation needs to be:
Contemporaneous – documented at the time of the experimentation.
Highlight technical obstacles or challenges
Dated
Examples of technical documentation: Engineering notebooks, Versioning Control on software Iterations, Whiteboard images, Emails.
Just be aware. Some agile software development teams have needed to implement a better documentation system for their SR&ED eligible projects.
Each company works very differently - we can help you set up an efficient system for your company.
Recommendations:
Track 100% of your time. This goes beyond your “SR&ED specific” projects. Track your admin time, your project management time, etc.
Recommendations:
Track 100% of your time. This goes beyond your “SR&ED specific” projects. Track your admin time, your project management time, etc.
Recommendations:
Track 100% of your time. This goes beyond your “SR&ED specific” projects. Track your admin time, your project management time, etc.
Share what needs to be tracked from a financial/accounting perspective and give some tips on how to do that
18 Months past the fiscal year end
Current Filing= 6 Months to file taxes after fiscal year end
Amended Filing= 7 Months to 18 month past fiscal year end
CRA’s success rate at meeting these turnaround times is 96%
The deadline for companies with a December fiscal year end is June. So if you have a December year end and you want your claim turned around in less than 6 months, now’s the time to file your claim.
The CRA only took 68 days, on average, to process a CCPC current claim in 2012.
The CRA only reviews SR&ED expenditures and technical work.
FTCAS – new service launched Jan 2014, it is an in-person meeting with the CRA to review your first submitted claim and to set you up for success for the next claim.
Will get reviewed every 4/5 years
Most important way to support a review claim is documentation and time tracking.
Recommended approaches for claiming R&D grants:
Pay yourself or staff (sweat equity is $0 equity)
SR&ED require spend / NRC – solid business model
Incorporate company and ensure clear IP ownership. Company vs contractor
I’ll send you a link to access the Ultimate SR&ED Guide. The guide goes into detail on documentation, calculations and more. It’s an interactive Guide that we will update as the program changes
The CRA has strict documentation requirements, which we cover in the guide.