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Research and Development Tax Incentive
The Research and Development Tax Incentive (R&DTI) offers a tax offset for companies conducting eligible R&D activities.
The R&D Tax Incentive is a business assistance program administered by the Australian Government to encourage and support businesses to undertake R&D activities that they may not otherwise be willing to attempt.
It encourages investment in R&D to help your company to grow and innovate which generates benefits for the Australian economy.
Review
We will review your current and historic R&D claims to ensure the legitimacy of the R&D benefit claimed and assess your eligibility with legislative requirements.
Understand
We understand how different tax incentives and grants interact with each other and overlap with other provisions of the Tax Acts, ensuring you are optimising all available government incentives.
Submit
We will assist in preparing a compelling grant submission with honest, professional, fact-based communication.
Assisting businesses in accessing the R&D tax incentive
Many people still do not realise that R&D tax applies to 'real world' innovation, not just high tech science projects. Companies developing and improving products and processes are equally eligible for R&D tax incentive support.
In addition, many people do not realise that companies with tax losses (with grouped turnover less than $20m) are eligible to receive cash from the ATO, not just increases to future tax losses.
UNDER $20 MILLION AGGREGATED TURNOVER
Entitles the entity to a refundable R&D tax offset calculated as tax rate + 18.5%. This equals 43.5% for companies on a 25% corporate tax rate. This means profitable entities pay less tax and entities making a loss will get a cash refund.
OVER $20 MILLION AGGREGATED TURNOVER
Entitles the entity to a non-refundable R&D tax offset that can reduce its tax liability or be carried forward to future periods. Depending on your ‘R&D intensity’, the incremental R&D benefit range from 8.5% to 16.5%.
• Identification of R&D Tax Incentive opportunities
• Preparation or review of the R&D Tax Incentive claim
• Advance Overseas Findings
• AusIndustry and/or ATO reviews
• R&D loans
• R&D documentation and governance
• Inbound R&D – assistance with setting up global entities in Australia to undertake R&D activities within Australia
• Early-Stage Innovation Company Incentives
• Identification of other Government grant and incentives opportunities
KEY CONTACTS
