R&D Tax Incentive

R&D Tax Incentive

Reach your Saving Point with R&D

Australian businesses are being encouraged to invest in Research and Development processes that benefit the wider Australian economy.

Here at Saving Point, we support initiatives and projects that benefit the community through our high-quality business processes.


How do we help you?

Our team of expert consultants specialising in government grants for R&D processes will dedicate themselves to your business needs. We offer a thorough analysis of your R&D case, and simplify the process of receiving a government grant for the development of your new product or service.

Choosing Saving Point’s consultancy solution brings you:

✔ A detailed and viable analysis of your R&D case.
✔ Expert advice and guidance.
✔ Bureaucracy-free planning.
✔ Streamlined step-by-step application.
✔ Competitive pricing for a complete claim process.

Assess your eligibility for the R&D Tax Incentive

Before deciding if you want to apply for the R&D Tax incentive, you should know that there are several eligibility requirements that must be met.

If your project is based on coherent, proven principles of science and follows the scientific method (hypothesis to experiment, to observation and evaluation, to the formation of logical conclusions), resulting in the production of new technical knowledge, you may meet the R&D criteria.

At Saving Point, we will thoroughly analyse your project and work with you to determine the best way to secure funding for your business.


The benefits of the R&D Tax Incentive

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

From 1st July 2017, the successful applicants will receive the following benefits:

  • 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.

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

✔ Salaries and super for project staff.
✔ Australian-based consultants, researches or contractors.
✔ Prototype build and production trial development.
✔ Company overheads.

Learn more information about the R&D Tax Incentive by contacting us for a friendly (and complimentary) 20-minute expert consultation.

Take the Saving Point, and reduce the time and resources spent on obtaining a government grant. We are here to help your business succeed.