Australian companies that engage in Research & Development (R&D) can be eligible for a tax offset if these activities are deemed relevant by the Australian Tax Office. This funding can often come at a critical stage during the innovation process and assist with the hiring...
On December 5th, the Morrison Government reintroduced legislation in an effort to better target the Research and Development Tax Incentive (R&DTI) and to ensure its ongoing sustainability. The following measures were introduced and will be further debated when parliament resumes in February 2020. R&D expenditure threshold...
Particularly for information technology, software and application development industries, R&D occurs every day. You wake up in the morning, brush your teeth and think about how you can shake things up in your industry. You go to work and research it. Develop it. Make it...
The manufacturing sector is one of the largest and most profitable industries in Australia. And why wouldn’t it be? Spanning everything from food and beverage, tobacco, textiles and therapeutic goods to chemicals, machinery, metals and plastics, Australian manufacturing is responsible for producing so much of the...
The Research and Development (R&D) Tax Incentive is the single largest program in Australia. The incentive is available to assist businesses undertaking R&D and is available across almost all industries. The R&D Tax Incentive provides a tax offset for eligible expenditure associated with conducting eligible R&D...
Companies that once thought the Tax Incentive couldn’t possibly apply to them are now realising the potential to claim their dollars spent on research and development. Some seem to think it sounds too good to be true, receiving money back for developing a new product or...
As you may likely know (or you might not), applications for the R&D Tax Incentive in FY18 (July 17 to June 18) are due to close on 30th April 2019. ONE This means you’re running out of time to make your claim! Be reminded that expenditure incurred in...
The R&D Tax Incentive is a refundable tax offset for eligible entities undertaking innovative research & development activities. This incentive helps to cover eligible R&D expenditure for businesses who can demonstrate their ability to meet stringent criteria. [vc_separator type='normal' position='center' color='#ffffff' thickness='' up='' down='30'] Who is eligible...
For growers, producers, manufacturers and service providers within the organics sector, R&D is a familiar concept. Solving the diverse problems in growing, sourcing and delivering a genuinely organic product to consumers requires new thinking, and often doing things that have never been attempted before. It is...