R&D ASSIST

INNOVATION + CASH REWARD

R&D TAX INCENTIVE CASH REFUNDS IN AUSTRALIA

Our national reach service helps innovative Australian companies access and optimise
available R&D Tax Incentive cash refunds or tax offsets.
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What is the R&D Tax Incentive in Australia?

The R&D Tax Incentive is a business assistance program offered by the Australian Government to encourage and support Australian companies to undertake R&D activities that they may not otherwise be willing to attempt without government cash assistance.
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What is qualifying R&D expenditure?

R&D activities are generally new, innovative activities (goods or services or information technology systems) with outcomes that a competent professional can’t know or determine in advance, based on current knowledge, information and experience.

Unfortunately many Australian companies undertake qualifying R&D activity and don’t realise they can claim cash refunds back from the ATO.

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Does your Australian company qualify for the R&D Tax Incentive?

If your company has an annual turnover below $20 million and spends over $20,000 on eligible R&D activities then 43.5% of monies spent on eligible R&D expenditure is paid back to the company in cash by the ATO, less any other tax liability.

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