Tax Services Firm Ryan ULC Welcomes Budget 2013 Initiatives to Improve SR&ED Program

Continuing to allow claimants and providers to agree on their own fee arrangements will help maintain access to the program for small and medium-sized enterprises

TORONTO, March 21, 2013 /CNW/ - Garry Round, Ryan Principal and President of Canadian Operations, today issued the following statement:

"Ryan commends the government on the changes to the Scientific Research & Experimental Development (SR&ED) program announced today in Economic Action Plan 2013. These changes should improve the program, reducing compliance costs and deterring questionable claims.

For this program to foster innovation in Canada, the application process must be simple enough to facilitate access by cutting edge companies, while at the same time rigorous enough to deter questionable claims. The changes announced today will help ensure that this balance is better maintained.

Ryan is particularly pleased that the government listened to the unanimous message of the stakeholders it consulted last year – that, allowing claimants the freedom to choose to engage providers through contingency fee arrangements is important to the effectiveness of the SR&ED program. In particular, because contingency fees are essential to ensuring that small and medium-sized enterprises are able to access the program. We are glad to see that the government listened to the stakeholders, and responded accordingly."

About Ryan

Ryan is an award-winning global tax services firm, with the largest indirect tax practice in North America and the seventh largest corporate tax practice in the United States. Since 1974, the Firm's Canadian practice, located in Toronto, Ontario, has advised companies on a variety of tax matters, both provincially and nationally. Headquartered in Dallas, Texas, Ryan provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defence, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan is a three-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 1,600 professionals and associates serves over 9,000 clients in 40 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at www.ryanco.ca.

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SOURCE: Ryan

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