Bonus: Key Lessons from Recent US Tax Court Rulings on R&D Documentation

07/05/23 • 12 min

Welcome to a very special bonus episode of What The Tech from Boast AI!

Today, we’re unpacking some of the findings from a pair of recent court rulings in the United States that emphasize just how much time and money can be wasted when businesses don’t exercise savvy (and scrutiny) when applying for R&D tax credits.

This conversation features Boast AI’s own Director of Customer Delivery Ashley Crawford along with our Senior Product Marketing Manager Asad Ali, and was originally featured as part of Boast AI’s weekly InnovatorsLive series on LinkedIn.

In both cases discussed today, titled Little Sandy Coal v. Commissioner and Scott Moore, et al. v. Commissioner, the courts found that taxpayers failed to substantiate certain activities and their associated qualified research expenditures (QREs) due in large part to a lack of proper documentation.

Along with being a lesson on the importance of good record keeping, the cases shine a light on several missed opportunities where the taxpayers may have been able to leverage the tax code to their advantage.

I hope you enjoy the show and stay tuned for next week’s regularly scheduled episode of What The Tech featuring innovators from across North America’s tech ecosystem!

Boast AI accelerates the success of innovative businesses globally with software that integrates financial, payroll, and engineering data into a single platform of R&D intelligence.
Visit Boast.ai, sign up for our Blog newsletter and follow us on LinkedIn for weekly #InnovatorsLive sessions and the latest news to fuel your growth.
Intro and Outro music provided by Dennis Ma whose mixes you can find on Soundcloud at DJ DennyDex.

Welcome to a very special bonus episode of What The Tech from Boast AI!

I hope you enjoy the show and stay tuned for next week’s regularly scheduled episode of What The Tech featuring innovators from across North America’s tech ecosystem!

Previous Episode

"Creative Collisions" with FounderFuel

Today I’m thrilled to have a pair of guests on the show to talk about the larger Canadian startup ecosystem and, specifically, FounderFuel.
FounderFuel is a four month accelerator program that partners founders with insightful mentors, intensive networking and expert coaching, culminating in Canada’s biggest Demo Day, taking place this year on July 11th.

At the heart of FounderFuel is the expertise offered by Real Ventures, Canada’s leading early-stage VC firm dedicated to serving entrepreneurs and nurturing the communities where we thrive.

Here to discuss both are Real Ventures Partner and FounderFuel General Manager Katy Yam as well as Real Ventures’ Director of Marketing and People and FounderFuel’s Program Manager Lisa Séguin!

Check out this blog to learn more about the 2023 FounderFuel cohort.

Next Episode

Bonus: Collision Conference 2023 Recap

Welcome to a very special bonus episode of What The Tech from Boast AI!
The Boast AI team was on the floor for this year’s Collision Conference in Toronto from June 26-29, where we caught up with existing partners, future collaborators, and familiar faces from across the tech ecosystem.
It was a jam packed event filled with highlights. To recap their favorite moments from the event, Carlos Coelho and Dan Dumond from the Boast team joined Asad Ali for an #InnovatorsLive session this past Friday to recap the event.
This conversation was originally featured as part of Boast AI’s weekly InnovatorsLive series on LinkedIn, where experts from across our team share their thoughts and experiences to help founders and entrepreneurs along their innovation journey.
I hope you enjoy the show and stay tuned for next week’s regularly scheduled episode of What The Tech featuring innovators from across North America’s tech ecosystem!