R&D Tax Incentives & Grants

Unlock the full potential of your innovation with our R&D expertise. We’ll help you access funding opportunities and secure the resources you need to grow.

What is the R&D Tax Incentive?

The R&D Tax Incentive is a government program designed to encourage businesses to engage in research and development (R&D) activities that drive innovation. The scheme provides tax offsets to eligible businesses, helping to reduce the costs associated with R&D. The R&D Tax Incentive can provide substantial refunds, improving cash flow and enabling businesses to reinvest in future innovation.

Our team is dedicated to identifying qualifying R&D activities in your business and ensuring that you maximise your claim for both R&D Tax Incentive and Grants.

How We Can Help

We specialise in guiding businesses through the R&D Tax Incentive application process. Here’s how we can help your business leverage this opportunity:

Assessment of R&D Eligibility

We help identify eligible R&D activities and ensure compliance with the scheme’s requirements.

Documentation and Claim Preparation

Our team assists in preparing accurate and detailed documentation for your claim, ensuring that all necessary evidence is provided to maximise your claim.

Lodging Your Claim

We work closely with the Australian Taxation Office (ATO) and other relevant government departments to lodge your claim efficiently and on time.

Ongoing Support and Review

We provide ongoing support to ensure your claims remain compliant and optimise future R&D activities for maximum benefit.

Key Features

43.5

%

Refundable Tax Offset

Available to companies with an annual turnover of less than AU$20 million, where tax-exempt entities own less than 50%. If the offset exceeds the tax payable, a cash refund is available.

33.5

% - 

46.5

%

Non-Refundable Tax Offset

For companies with annual turnovers exceeding AU$20 million or those that are more than 50% owned by tax-exempt entities. Unused offsets can be carried forward.

Other Government 
R&D Grants

In addition to the R&D Tax Incentive, businesses may also be eligible for various government R&D grants aimed at supporting innovation and economic growth. Our team can assist with:

Grant Application Support

We help businesses prepare and submit applications for government R&D grants, ensuring that you meet eligibility criteria and deadlines.

Leveraging Additional Funding

We can advise on how to combine the R&D Tax Incentive with available grants for maximum financial support.

What Activities Qualify for R&D?

To be eligible for the R&D Tax Incentive, activities must meet certain criteria outlined by the Australian Government. Typically, eligible R&D activities include:

Experimental Activities

aimed at discovering new knowledge or creating new products, services, or processes.

Systematic Investigation

of technical uncertainties in the development of new technologies or products

Prototyping and Trials

to test new theories or concepts in real-world conditions

Who We Helped

We provide comprehensive R&D Tax Incentive and Grant services to support innovative businesses. Our experienced team helps you navigate the complexities of R&D claims and identify eligible activities to maximise the financial benefits of the Australian Government’s R&D Tax Incentive Scheme.

A Bright Future for Life Sciences in Australia

Tax incentives can help companies free up finances to focus on critical business activities.

This whitepaper covers four key topics essential for decision-makers in Australia's life sciences industry. With challenges such as high R&D costs, complex regulations, and intense competition, companies need strategies to stay competitive. The pandemic highlighted the importance of digital advancements in addressing urgent healthcare needs.

Access this whitepaper to discover essential insights for securing your company’s future success.

Case Study

Integrated financial solution saved Race Oncology $45K annually while reducing financial reporting time by 25% and board reporting time by 50%.

Your Trusted Partners in Business and Financial Success

Our dedicated accountants and business advisers are ready to assist.

Simone Quin

Simone Quin

Partner - Accounting & Business Advisory
Brendan Brown

Brendan Brown

Partner - Accounting & Business Advisory
Sean Harris

Sean Harris

Director - Accounting & Business Advisory
Victoria Pollard

Victoria Pollard

Director - Accounting & Business Advisory

Frequently Asked Questions

What qualifies as R&D for the R&D Tax Incentive?

R&D activities that are experimental in nature, involving systematic investigation or technical uncertainties, are eligible for the R&D Tax Incentive.

Can start-ups apply for the R&D Tax Incentive?

Yes, start-ups are eligible to apply, provided they meet the criteria set by the Australian Government for the scheme.

How do I know if my business is eligible for the R&D Tax Incentive?

Our team will assess your activities to determine if they meet the government’s criteria for R&D. We can guide you through the eligibility process.

What industries are eligible for the R&D Tax Incentive?

The incentive is available to businesses across a wide range of industries, including Manufacturing, Technology & Biotech, Agritech, Advanced Materials & Composites, Renewable Energy, Health & Medical Research, Mining Services and Fintech & Digital Solutions

How long does it take to process an R&D Tax Incentive claim?

The processing time can vary, but we ensure your claim is lodged efficiently and track its progress with the Australian Taxation Office (ATO).

Can the R&D Tax Incentive be combined with other funding programs?

Yes, many businesses are eligible for both the R&D Tax Incentive and additional government grants. Our team can help identify which programs your business qualifies for.

What are the tax offsets available under the R&D Tax Incentive?

The R&D Tax Incentive offers two main tax offsets: a refundable tax offset for eligible entities with an annual turnover of less than $20 million, and a non-refundable offset for larger entities.

What types of activities are not eligible for the R&D Tax Incentive?

Routine commercial activities, marketing, and market research typically do not qualify for the R&D Tax Incentive.

Contact Us for R&D Tax Incentive Assistance

If you are ready to explore how the R&D Tax Incentive can benefit your business, contact our expert team today. We will guide you through the process, ensuring you maximise your claim and continue to innovate with confidence.

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