The Research and Development Tax Incentive is a federal government program providing a generous benefit to companies carrying out R&D. Tax Offsets are available to businesses of all sizes, however, the benefit varies depending on company turnover.
Companies with a turnover of less than $20 million are entitled to a 43.5% refundable offset. Those turning over $20 million or more receive a non-refundable offset of 38.5%.
Our expert team can assess your business eligibility through our proven process. To understand whether you are eligible for these benefits, complete our online eligibility test and schedule a phone conversation with our Grants & Incentives Partner.
For $290 (+GST), we can advise you of your companies eligibility and provide you with a written report of our findings.