RSM Australia

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Richard Wraith
Principal - Melbourne


Office : Melbourne
Service : R&D tax incentive
Biography

Richard is a principal of the Tax Services division in Melbourne, providing specialist R&D tax incentive compliance and innovation consulting services. Richard commenced his R&D tax work in 2009 and has provided advice across Australia to a diverse range of industries, from start-up innovators to large multinational corporations.

Richard joined RSM in 2016. Prior to joining RSM, Richard was a senior manager with another accounting firm. He has also worked in start-up technology companies, information technology, communications and manufacturing.

Solutions richard provides

Richard works in R&D tax incentive advisory services for RSM. He has extensive experience in every aspect of the R&D claim process, including:

  • preparation of material and presenting to clients regarding the R&D eligibility criteria, both technical and financial
  • running educational workshops and interviews to identify potential R&D projects and gather appropriate information to assess, prepare and substantiate R&D tax claims
  • review of prior years’ claims to ensure accuracy and legitimacy of the R&D benefit claimed
  • preparing and lodging appropriate R&D registration documentation
  • allocation of R&D costs and calculation of the R&D expenditure
  • preparation of R&D review advice on behalf of clients for R&D tax incentive financiers
  • advising and implementing robust R&D management practices
  • assistance with and attendance at AusIndustry/ATO reviews and audits

Significant Projects

Major projects Richard has been responsible for include:

  • coordination and management of multi-project R&D assignments, with annual R&D spend in excess of $15m
  • working with early stage companies to facilitate cash flow finance and timely receipt of their R&D tax incentive claim
  • advising and negotiating companies through the successful defence of prior R&D claims under review
  • working on new government legislation, industry submissions and thought leadership publications for the new R&D tax incentive
  • preparation of Advance/Overseas Finding Applications and other government grant applications
Publications

Should your SME start making R&D tax claims? | R&D Tax Incentive

15 June 2017
In light of the disproportionate number of small and medium-sized enterprises (SMEs) lodging annual R&D Tax Incentive claims, there’s never been a better time for non-participating SMEs to consider their options, urges Dr Richard Wraith R&D Tax Principal with RSM Australia. While the majority of companies to apply annually for the R&am...

ATO alert sparks concern for software development R&D Tax Incentives (TA2017/5)

24 February 2017
The recent alert issued by the ATO (TA2017/5), has raised some fears and concerns among innovators in established technology firms  as well as the start-up community.   The concern is that AusIndustry and the ATO are out to get companies that claim the R&D Tax Incentive for software related activities or that AusIndustry and the ...