We are an experienced team of advisers with more than 10 years’ experience in securing Federal and State Government Grants and Incentives for our clients. Our team consists of professionals with expertise and background in science, engineering, accounting, government, and law.
Our clients range from startups to multinational companies covering diverse industry areas including biotechnology, pharmaceutical, and software.
We assist you in :
Our ‘personalised’ one-stop-shop service assists you in securing the R&D Tax Incentive starting from project scoping to submission. During this process, we meet with you to make sure that we understand your individual situation, business needs and project activities.
R&D Tax Incentive is a self-assessment program jointly administered by AusIndustry and the Australian Taxation Office (ATO) which helps to offset some of the costs you incur in conducting R&D activities.
If you are a company in a taxable loss position with an aggregated turnover of less than $20 million, you may receive up to 43.5% of your claimed eligible R&D expenditure as a cash refund.
The R&D Tax Incentive is open to any business of all industry areas undertaking eligible research and development (R&D) activities.
You are eligible if you are an incorporated company that pays tax in Australia, conduct at least one core R&D activity (experiment), and spend a minimum eligible R&D expenditure of $20,000.
Core R&D Activities
Core R&D activities are experimental activities:
Supporting R&D Activities
Supporting R&D activities are activities directly related to core R&D activities.
Our end-to-end approach
We conduct project scoping to assess and identify eligible R&D project activities through interviews.
2) Educate
We identify areas for improvement and provide advice on the adequacy of your technical and financial records including providing R&D documentation training to ensure that you meet the R&D Tax Incentive eligibility and compliance.
3) Plan
We help you put together compliance and record keeping process and best practice methodology to make sure your claim is well-substantiated.
4) Prepare
We prepare R&D Application and supporting documentation including R&D project plans and calculate eligible R&D expenditure.
5) Submit
We prepare and submit your R&D Application for registration with AusIndustry and R&D Tax Incentive Schedule with the Australian Taxation Office (ATO).
6) Compliance review
We liaise with AusIndustry and the ATO in the event of an audit or compliance review including preparation of audit response and collation and assessment of the adequacy of your supporting documentation.
The R&D Tax Incentive is the biggest government program that supports and provides the major funding source for startups. Our team has extensive experience working with start-ups in technology and other industry areas. We assist startups to grow and translate their state-of-the-art idea, innovation or great piece of research and R&D into the real world.
We are here to help you understand whether you are eligible for the R&D Tax Incentive and work collaboratively with you to put together a planning process to ensure you are compliant.
We have a special rate for startups so don’t hesitate to contact us to find out more.
Contact us
Contact us to claim for your complimentary consultation.
Our team is also experienced in securing other government grants for you, such as:
Contact Us to find out more details.