Incentives & Innovation Tax

The Federal government offer business a range of incentives to innovate and commercialise technology, including the Research and Development (R&D) Tax Credit.

The R&D Tax Credit is effectively a non-competitive grant for businesses where they incur expenditure on eligible R&D activities. The two core components of the R&D Tax Credit are:

• a 43.5 per cent refundable tax credit for companies with an aggregated turnover of less than $20 million per annum;
• a 38.5 per cent standard tax credit.

Other grants are available to business to assist in the development of products and technology, establishing venture capital funds as well as developing export markets.

Our services

• assist in determining eligibility and applications for R&D tax credits and a range of relevant government incentives
• evaluate projects for tax efficient outcomes
• offer R&D business process management support, including reviews, process design recommendations and assistance with implementation
• identify and claim R&D tax concessions and relevant grants available internationally
• obtain other government support.

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Key contact:

Cameron Allen

CEO, Managing Director

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