Research and Development

The R&D Tax Incentive provides small to medium enterprises with an aggregated turnover of less than $20 million p.a. with a 45% refundable tax offset. Companies with a turnover of $20+ million have access to a 40% non-refundable tax offset.

We can assist you to register your R&D project, compile the necessary documentation and file for the rebate when you lodge you company tax return. There are eligibility requirements that must be met. Your business must own the results of you R&D, has to have or develop a proper R&D plan and then maintain accurate written records and the results must benefit the Australian economy. There are more requirements that need to be taken into account and we can advise you of these.