The RDTI and your business

The R&D Tax Incentive is claimed by tens of thousands of companies across Australia across all sizes and stages of development.

If you are one of these you may be concerned about the increased level of scrutiny being applied by the Department of Industry and the ATO in the last few of years, and the risks of ‘getting it wrong’.

R&D Certainty can help you to ‘get it right’.

We can help you by removing the mystery surrounding eligibility and ensure that you have an R&D Plan that will help you and your team undertake R&D activities that can be claimed under the program. We will also help you and your team to configure the plan to bring more of your activities under the R&D Tax Incentive.

We make it easier for you by providing templates for record keeping during the year which will provide the necessary evidence that the R&D was actually performed.

How it works

At the end of the year you and your tax advisor can simply take the R&D plan and documentation and transfer that to your RDTI application and your tax return. This step is then much simpler and involves no rewriting or re-remembering of the past.

A significant number of companies that claim the R&D Tax Incentive stop claiming it after a while. This could be because their business has changed and they no longer do R&D or because they found that the eligibility and documentation requirements for the program were too hard for them to meet and it ‘wasn’t worth the bother’. If you are one of these we can help you by;

• Evaluating your previous applications and current business and identifying opportunities for you to conduct and claim eligible R&D under the program

• Creating an R&D Plan that will guide your team during the year to ensure that all activities are eligible.

• Providing templates for recording keeping during the year that will provide the necessary evidence that the activities were performed.

R&D is risky but delivers significant benefits, particularly to young, collaborative SMEs that are hungry for finance and skills. That is why the R&D Tax Incentive was created and why it pays such a generous benefit, in cash, to such companies.

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