FAQ
FAQ
Simple Eligibility Questionnaire
What is the RDTI?
Why should your company do R&D?
When should I signed up for the RDTI?
Isn't the RDTI for companies that have labs and boffins?
Is my existing RDTI claim at risk?
Can the RDTI help my company through the COVID-19 crisis?
What's is an experiment according to the RDTI?
What's the difference between Core Research and Supporting Activities in the RDTI?
How many companies are signed up for the RDTI?
Simple Eligibility Questionnaire
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Is your business structured as a company?
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Do you believe that your company can generate new knowledge which can be in the form of new or improved materials, products, devices, processes or services?
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Are you prepared to use the scientific method to arrive at the new knowledge that you seek?
If you answer 'Yes' to each of these then contact us. We can put together an R&D plan for you that will be eligible for the R&D Tax Incentive.
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What is the RDTI?
The R&D Tax Incentive (RDTI) is a Federal Government scheme that encourages companies to engage in R&D by providing tax offsets for eligible R&D activities. This could be your opportunity to get free cash for your business!
Why should your company do R&D?
There are good reasons why your company should do R&D. Companies that persistently innovate grow faster and more consistently than those that don’t. Research and Development is crucial in delivering the full scope of benefits of a broader program of innovation. R&D is the key way in which companies develop fundamental knowledge, support business areas like business management, manufacturing, and customer satisfaction and create and implement new technologies.
When should I apply for the RDTI?
Lodging the application for the R&D Tax Incentive can happen as late as the April in the year following the one you are claiming for but it's never too early to prepare your application! You need to talk to R&D Certainty NOW so that we can ensure that all the appropriate documentation around your research plan is in place ahead of applying for your tax offsets.
Isn't the RDTI for companies that have labs and boffins?
The R&D Tax Incentive is not limited to companies who employ folks in lab coats, or companies who have specialised research departments. There are many types of research supported by different types of development that could come under the RDTI. It's not just about boffins in labs!
Is my existing RDTI claim at risk?
Your existing R&D tax offset could be subject to an audit or a review at anytime. When the claimant is unable to substantiate the R&D claim they have made, the ATO would deny it. We can help ensure that your R&D plan will pass audit and review.
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Can the RDTI help my company through the COVID-19 crisis?
In the midst of the COVID-19 crisis, companies and their employees everywhere are desperately looking for monetary assistance from the government. The RDTI can assist your company through this crisis by providing access to extra funding.
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What's is an experiment according to the RDTI?
According to The Australian Government's Business RDTI website, an experiment is an event you set up and conduct to test a hypothesis and a hypothesis is defined as a statement that can be proven right or wrong by conducting an experiment.
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In order to be eligible for RDTI you have to have done (or planned) at least one core activity which will include one or more experiments testing one or more clearly defined hypotheses. As specified in the Income Tax Assessment Act 1997 (ITAA) Section 355.25;
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(1) Core R&D activities are experimental activities:
(a) whose outcome cannot be known or determined in advance on the basis of current knowledge, information or experience, but can only be determined by applying a systematic progression of work that:
(i) is based on principles of established science; and
(ii) proceeds from hypothesis to experiment, observation and evaluation, and leads to logical conclusions; and
(b) that are conducted for the purpose of generating new knowledge (including new knowledge in the form of new or improved materials, products, devices, processes or services).
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What's the difference between Core Research and Supporting Activities in the RDTI?
The R&D Tax Incentive describes R&D as being made up of core activities and supporting activities. A core activity involves doing experiments. Supporting activities are anything that supports a core activity. Don’t worry too much about what an experiment is, that’s where we come in!
How many companies are signed up for the RDTI?
Over 14,000 Australian companies, from startups to small businesses through to large companies, are utilising the R&D Tax Incentive as part of their funding mix for projects and development programmes.
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