What is the R&D Tax Incentive Scheme?
The Australian Government encourages companies to engage in research and development that benefits the community by providing a tax offset for eligible R&D activities.
The R&D Tax Incentive allows eligible applicants to claim back up to 43.5% of eligible expenditure that’s been spent on creating or improving a new product or service.
Who can apply?
In order to qualify for the grant, your business needs to meet the following eligibility guidelines.
- Be a for-profit company, incorporated in Australia OR be a company incorporated under a foreign law that is an Australian resident for tax purposes.
- Have created a new or unique product or service.
- Have undertaken experimentations without a known outcome.
- Have spent a minimum of $20,000 AUD on research and development.
Synnch is perfect for you if…
You want to maximise your R&D Tax Incentive claims whilst mitigating audit risk.
You’re looking for a simple online alternative with guided support.
You’re concerned about ongoing R&D Tax Incentive eligibility and compliance.
You’re looking for a platform that can be claimed as eligible expenditure.
You are innovating in your field and may be eligible but have never claimed.
You’re looking to be better supported and advised on your R&D journey.
Learn more by industry
Agriculture
Undertaking innovative activities related to farming & growing foods? Find out about your industry requirements.
Biotechnology
Are you providing solutions in food technology, clean technology, fuel alternatives and molecular electronics? Read more about your R&D guidelines.
Built Environment
The built environment includes anything that makes up our human made surroundings. Think of construction, civil, human labour & more. Find out eligibility requirements for this industry.
Energy
Renewable energy is leading the future - are you? If so, find out what's required within your industry for producing innovative solutions.
Food & Beverage
Are you a distillery, cafe or food company creating some innovative tasty treats? Check out our R&D guidelines to help inform you better before you get started.
Manufacturing
The manufacturing industry is hugely diverse, from anything to food, machinery, medical & more. We've broken down into simple guidelines to help you learn more about your eligibility.
Resources and Mining
It's important to be very careful when claiming R&D under mining-related activities. Read more about what this involves and we'll help you uncover your eligibility.
Software Development
Technology and software have become a critical element to our modern economy however it is important to note this industry comes with strict guidelines with R&D. Learn more now.
Agriculture
Undertaking innovative activities related to farming & growing foods? Find out about your industry requirements.
Biotechnology
Are you providing solutions in food technology, clean technology, fuel alternatives and molecular electronics? Read more about your R&D guidelines.
Built Environment
The built environment includes anything that makes up our human made surroundings. Think of construction, civil, human labour & more. Find out eligibility requirements for this industry.
Energy
Renewable energy is leading the future - are you? If so, find out what's required within your industry for producing innovative solutions.
Food & Beverage
Are you a distillery, cafe or food company creating some innovative tasty treats? Check out our R&D guidelines to help inform you better before you get started.
Manufacturing
The manufacturing industry is hugely diverse, from anything to food, machinery, medical & more. We've broken down into simple guidelines to help you learn more about your eligibility.
Resources and Mining
It's important to be very careful when claiming R&D under mining-related activities. Read more about what this involves and we'll help you uncover your eligibility.
Software Development
Technology and software have become a critical element to our modern economy however it is important to note this industry comes with strict guidelines with R&D. Learn more now.
How Synnch Works
We provide online and in-person support to help you get the most out of your grant. Speak to us online or book a face-to-face chat today.
Eligibility Quiz
Want to find out if you’re eligible for the R&D Tax Incentive? Take our short quiz to find out!
Watch and Learn
Prefer to watch a demo in action? Check out our tutorial videos to help get you started and make the most out of your Synnch dashboarding system.
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