Research and Development

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Research and Development

The R&D tax incentive can be of great assistance to companies carrying out eligible R&D activities. The benefits range from the non-refundable R&D tax incentive that can give a tax saving of between 8.5% to 16.5% (depending on your R&D claim size) and also the more lucrative refundable R&D tax offset that is available to smaller companies that may give you a 43.5% tax refund.

Our R&D tax team can assist you with the identification of eligible R&D projects and the preparation of R&D tax incentive applications. Our experienced team have both accounting and engineering experience and have assisted both small and large R&D tax claimants.

What do we offer?

Undertake a kick-off meeting to discuss projects

Assist with the identification of Research and Development activities that may be considered to be eligible and to be included in the claims

Assist with the scoping of these activities i.e. identification of activities for inclusion in the Research and Development projects based on discussions with technical personnel

Preparation of Research and Development project descriptions

Assist with the collation of expenditure which may reasonably be considered to be eligible

Analyse the Research and Development activities and sight a sample of Research and Development documentation held to identify the level of substantiation

Assist with the preparation and finalisation of the Research and Development application

Lodge the Research and Development application (as reviewed and approved by you) with DIIS

Provide a copy of the Research and Development application as lodged, along with a letter outlining the quantum of the resulting Research and Development tax offset incentive

A high level report affirming qualification as an ESIC and eligibility for the tax incentives under either the 100 point test and/or principal based test

Todd Fielding
Todd FieldingSpecialist Consultant | R&D

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