Research & Development Tax Incentive

Generous; Easy to access support for your innovation

R&D Tax Incentive

The Research & Development (R&D) Tax Incentive is a targeted, generous and easy to access entitlement program that helps businesses offset some of the costs of doing R&D.

The program aims to help more businesses do R&D and innovate. It is a broad-based entitlement program.

This means that it is open to firms of all sizes in all sectors who are conducting eligible R&D.

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What benefit does the R&D Tax Incentive provide?

The R&D Tax Incentive has two core components:

  • 45 per cent refundable tax offset for eligible entities with a turnover of < $20 million.

  • A non-refundable 40 per cent tax offset for all other eligible entities.

Why choose MMT Accountants + Adviser to assist with your R&D

Our R & D Specialist has delivered over $211M to clients to support over 600 claims from various government assistance measures, with a proven track record and exceptional success rate of 100% for eligibility programs and approximately 90% for competitive government grants programs.

The assistance has seen over $424M invested in R&D, development, commercialisation, promotional, market expansion and capital infrastructure. This has delivered increased revenues, global expansion, new skills, employment and collaboration with new partners.

MMT Accountants + Advisers delivers specialised expertise in providing high quality management consulting services for the development and commercialisation of innovative products and technologies into local and global markets.

We have expertise in:

  • Government grants for research, development, commercialisation, marketing and promotion
  • R&D Tax Incentive and R&D Tax Offset claims claims
  • Project planning
  • Research and Development (R&D) strategies
  • Commercialisation strategies
  • Export Marketing assistance and strategies & Export Market Development grants

Process



Step One
Assess Eligibility

This involves a preliminary meeting to clarify and understand your project and make recommendations on how to access funding.



Two
Preparation of documentation

Assist in preparation of detailed records and documentation required for your application.



Three
Registration with AusTrade

Claims need to be registered within 10 months within the entity’s financial year.



Four
Lodge R&D Incentive Schedule with ATO

The benefit is received once your Company’s tax return is lodged through the R&D Incentive Schedule.

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