1. Identify Eligible OIDMTC Products
You provide a high level perspective of product development initiatives for the fiscal period; we assess these activities as per OMDC eligibility guidelines and walk you through identification of interactive products that have the potential of being qualified for the OIDMTC refundable tax credits.
2. Product Information Collection
Our team of experienced OIDMTC Consultants work in conjunction with your team to run-through the finer details for eligible OIDMTC products. To support your OIDMTC claim and with minimal effort on your side, we ask direct and focused questions and request specific documentation that most companies already have on file.
3. Draft Application Forms
We develop the OIDMTC application forms. This includes labour cost schedules, marketing cost schedules and other pertinent documentation to support your Ontario Interactive Digital Media Tax Credit submission.
4. Conduct Application Review
We email the application(s) draft to you, walk through them with then use your feedback to finalize the application(s) before submitting the OIDMTC application to OMDC.
5. Prepare Financial Information
We perform detailed labour analysis, product(s) costs estimation(s), and initial calculations for the OIDMTC application. Our OIDMTC consultants review documents such as T4's, vendor agreements and contractor costs to make sure that all expenses claimed are eligible for OIDMTC.
6. Perform Financial Review
As part of our quality control routine, we prepare and review financial data with you. To ensure that we maximize your OIDMTC submission we double check to guarantee that we have not missed any important cost factors.
7. Collect Supporting Documentation
In effort for preparing the appropriate documentation required, we assist in populate the application and prepare all supporting documentation. This includes both technical and financial information.
8. Develop Submission
We coordinate the OIDMTC claim process with your accountant. If you have not filed your corporate tax return, we package the OIDMTC claim related information to the accountant and work together to file the media tax credit claim as part of your corporate tax return. Should you have already filed your corporate taxes, our team of OIDMTC professionals submit the OIDMTC claim and amend the tax return without any assistance from your accountant.
9. Participate In Audit / Follow Up
When it comes to quality control, our team of OIDMTC consultants are under stringent supervision. Although, it is unlikely that your OIDMTC claim will be audited, we have prepared arguments and supporting documentation to protect you and hypothetically act as your OIDMTC lawyers. We participate in the audit and all OIDMTC related meetings to clarify, justify and fully defend the submission
10. Train Your Team For Future OIDMTC Claims
We listen and discuss past, present and future product development activities. Our OIDMTC team of experts provide training for the OIDMTC process. This includes teaching lessons, guidelines and active support to ensure that you team is fully aware of the requirements and everything that is involved in preparation for your next OIDMTC claim.
We actively engage in reviewing previously or currently submitted OIDMTC claims, or pursue notice of objection or process appeals for claims prepared by others.