Tax Ezi

WHAT IS AND R&D GRANT

R&D Grant, which is also know as R&D Rebate, is the incentive offered by the Australian government to encourage business to take out research and development activities.

Under the current R&D scheme, eligible businesses have been entitled to the following benefits:

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• For companies with a group turnover under $20 million, a 43.5% refundable tax offset.

• For companies with a group turnover over $20 million, a 38.5% non-refundable tax offset.

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The type of costs that can be included in a claim for the R&D Tax Incentive include expenses such as:

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• Salaries and super for project staff.

• Australian-based consultants, researches or contractors.

• Prototype build and production trial development.

• Company overheads.

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Applications open each year on 1st July and close 30th April.

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Data has shown that 70% of eligible Australian business' are either unaware of the R&D Tax Incentive or aren't claiming their entitlements because of what can be a complex and time-consuming application process.

How do we help you?

Our experienced team of specialist consultants, knowledgeable in government grants for R&D processes, will dedicate their expertise to your business requirements. We offer a detailed and viable analysis of your R&D case, and simplify the process of receiving a government grant for the development of your new product or service.