R&D Assist - R&D Tax Incentive Consultant Australia

Welcome to R&D Assist - your trusted R&D Tax Incentive Consultant in Australia. Located in Beaumaris on Glenwood Avenue, we are a leading institution specializing in accounting, establishment, finance, and all things related to the R&D Tax Incentive.

Our mission is to help innovative Australian companies access and optimize the available R&D Tax Incentive cash refunds or tax offsets. The R&D Tax Incentive is a government program designed to encourage and support Australian companies in undertaking R&D activities that they may not otherwise attempt without financial assistance.

R&D activities are defined as new and innovative ventures with outcomes that cannot be determined in advance based on current knowledge and experience. Unfortunately, many Australian companies are unaware that they can claim cash refunds from the Australian Tax Office (ATO) for their qualifying R&D activities.

Does your Australian company qualify for the R&D Tax Incentive? If your annual turnover is below $20 million and you have spent over $20,000 on eligible R&D activities, you may be eligible to receive 43.5% of the money spent on eligible R&D expenditure back in cash from the ATO, minus any other tax liability.

At R&D Assist, we understand the strict criteria that your business needs to meet in order to qualify for the R&D Tax Incentive. Our team of experts will guide you through the process, ensuring that your research and development activities are considered as either core or supporting activities.

The R&D Tax Incentive is administered by both the ATO and the Industry of Innovation and Science Australia (IISA), and it falls under the legal jurisdiction of Division 355 of the Income Tax Assessment Act 1997 and Part III of the Industry Research and Development Act 1986.

Calculating your eligibility for the R&D Tax Incentive is simple. Just multiply the applicable percentage (either 38.5% or 43.5%) by your expenditure on R&D activities. For example, if you have spent $800,000 AUD, you could be eligible for a $348,000 return.

We specialize in R&D claims and are dedicated to assisting clients with an annual turnover below $20 million every step of the way in optimizing their R&D process. From claim preparation, compliance, and lodgement, our team is here to ensure that you maximize your benefits from the R&D Tax Incentive.

Don't miss out on the opportunity to receive cash refunds or tax offsets for your R&D activities. Contact R&D Assist today and let us help you navigate the complexities of the R&D Tax Incentive to unlock the financial rewards your company deserves.