Is the RDTI really free money?

If anyone is prepared to give you back 43.5% of the money your company spends on R&D, wouldn’t you call that free money? And wouldn’t you be absolutely insane not to take that money?

When you look at the RDTI as free money back to the company, you would have to be curious as to why so many eligible companies don’t participate in the scheme.

For some, it’s just all too hard. Applying to the RDTI is seen as a tax issue and is usually left to the CFO and finance department. More often than not, these people do not understand the research and development that their company does with sufficient depth to be able to accurately fill out the registration form. Mistakes in describing the R&D in the registration form are a common reason why applications to the RDTI are rejected.

So it’s all seen as just too hard, too risky to spend precious time on.

The average R&D spend in SMEs across Australia is around one million dollars. If they are not claiming the RDTI, they are effectively walking away from $435k of free money!

If you are one of those SMEs in Australia conducting a million dollars-worth of R&D and you are not claiming the RDTI, how do you justify to your CEO, your board and your shareholders why you are not taking in $435k of free money that you are entitled to?

With R&D Certainty, there are no longer any excuses not to include hundreds of thousands of dollars of free money on to your company’s bottom line. Talk to us and we will get you all the free money you are entitled to!

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