Gary Will of WatStart reminded tech startups in Waterloo today that there is a free accounting bootcamp tomorrow (Oct. 29th) from 11am to 1pm at the Accelerator Centre. The session will look at tax credits available - some of which provide much needed cash.
- SR&ED (scientific research and experimental development) is the best known and has always been a favourite with tech startups
- The Ontario Interactive Digital Media Tax Credit, which could apply to any company creating interactive applications using at least two of 1) text 2) images 3) sound (which sounds like most Web apps might be eligible)
- Bill 100: the proposed legislation that would give a 10-year provincial income tax refund to startups commercializing R&D by students or professors (it's not law yet—Communitech has asked that the eligibility criteria be broadened).
The free sesson (with lunch) is presented by PricewaterhouseCoopers, Accelerator Centre, WatStart and Communitech.