R&D Tax Incentive

Reach your Saving Point with R&D Tax Incentive

Research and Development Grant

The Australian government has a long history, going back over 30 years, of providing a generous benefit to companies undertaking research and development.  The current regime, the R&D Tax Incentive, provides the benefit through a tax offset calculated based on the expenditure a company incurs on activities deemed to be research and development. It is envisaged that this incentive will boost company competitiveness, improve productivity and ultimately stimulate the national economy.

Benefits of R&D Tax Incentive

For activities  carried out since 1st July 2017, eligible businesses have been entitled to the following benefits:

43.5%

Refundable tax offset

For companies with a group turnover under $20 million

38.5%

Non – refundable tax offset

For companies with a group turnover of $20 million and above

Why Saving Point?

Our experienced team of consultants, with a high degree of practical knowledge in R&D processes and compliance standards. Will dedicate their expertise to your application for the R&D Tax Incentive. Offer a detailed analysis of your eligible R&D projects. Simplify the process of applying and receiving the rebates R&D Tax Incentive.

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Investigate

Our specialised consultants will liaise with you to identify all eligible R&D projects and expenditures, investigate compliance with eligibility requirements.

Prepare

Preparing all the information and materials required in the registration process for you. We prepare technical reports based on the supporting documentation and interviews conducted.
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Analyse

Calculate your eligible R&D expenditure and maximise the benefit of the incentive to you whilst achieving complete compliance with the ATO.

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Report

Documentation of our entire process and providing you with a final report of information related to the claim for your record keeping.

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Lodge

Assembling all the documentation required by AusIndustry and the ATO for strong application submission.

Support

We are confident and committed in assisting you through the process of any potential review, audit or future grants.

Eligibility

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Are you and incorporated Australian entity?

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Are you developing something that is new or improved (product, system, tool, etc)?

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Does your development involve experimentation?

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Do you need to overcome a knowledge gap as part of your development?

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Will your development result in the generation of new knowledge?

What are the costs you can claim?

Eligible expenditure items can include:

Salaries and superannuation for project staff

Australian-based consultants, researchers or contractors

Prototype build and production trial development

Company overheads

Hot Topics

Preparing a claim for the R&D Tax Incentive can be an onerous task. , therefore the team at Saving Point is across all of the issues and eligibility requirementsIf you’re considering putting a claim together, it’s important to have an understanding of all requirements. So can maximise your entitlement.

Feedstock

Companies claiming the R&D Tax Incentive may engage in R&D activities that produce marketable or usable goods. In the circumstance of these tangible products being used or supplied to another entity, a feedstock change may be required.

Payments to Associates

As part of the R&D Tax Incentive, companies incurring expenditure to an associate may be eligible to get an R&D tax offset. For that amount, if the amount owed has been paid to the associate within the year of the claim.

Aggregated Turnover

If you aren’t controlled by an exempt entity, you must work out your aggregated turnover to identify which tax offset you can claim. The rules for calculating aggregated turnover are the same as those for the small business entity concessions.

R&D Tax Incentive Deadline

(for companies with an income year-end of 30 June)

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Start Your Own R&D Application Now

To start your R&D Tax Incentive Online Application process, select the service below that best suits your needs. The information you provide will be reviewed and assessed by one of Saving Point’s R&D experts.

Eligibility Assessment

Determine Your Eligibility

In order to register and claim the R&D Tax Incentive, you will need to determine your eligibility for the program.

R&D Application Review Process

Start Your Own R&D Application

Start Your Own R&D Application and let our experts review it giving you confidence in your R&D claim.

Complete Application Service

Save time and get the full package 

Let our experts prepare your claim from start to finish. We’ll save you time and ensure a compliant claim with maximum benefit.