The Australian government understands the value that Research & Development (R&D) projects add to the Australian economy and encouraging Australian companies to invest in local R&D activities is not a new initiative. The R&D tax concession has been in operation for over 20 years and whilst some definitions and rates have changed over the years, the fundamental operating parameters of the program have remained relatively unchanged.
From 2010/11 however, the existing program will be replaced with a new R&D Tax Credit program, offering more benefit to all companies making claims under the new initiative. Maximising your claim under the existing R&D tax concession program involves more than just assisting you with your annual R&D claim preparation. Our extensive experience in the R&D area allows us to proactively identify opportunities for R&D claim maximisation through effective planning with regard to R&D activity and expenditure, as well as providing advice on the structures that will enable your company to gain maximum return on your R&D investment.
We can assist your business in taking full advantage of the range of R&D incentives on offer, facilitating your company's progression from R&D phase to commercialisation.