The R&D Tax Incentive is a Federal government program encouraging you to innovate in Australia. It is administered by both AusIndustry and the ATO and allows companies undertaking eligible R&D to offset eligible costs associated with specific R&D activities. Many Australian companies undertake projects and activities and then fail to realise that they could have made a potential R&D claim, until it’s too late.

Do not make this mistake. Highgate Consulting can collaborate and evaluate what activities you have been conducting and work out whether you could be eligible to claim.
Contact us today for an assessment of your situation.

You may not be aware of the R&D Tax Incentive, or unsure of how to apply, or be concerned about the eligibility criteria. Entities engaged in R&D may be eligible for: a 43.5% refundable tax offset if their aggregated turnover is less than $20 million per annum; or a 38.5% non-refundable tax offset for all other eligible entities.

To work out whether you are conducting eligible research and development, think beyond the image of white lab coats and foaming test tubes. Is your company creating new knowledge or bridging significant knowledge gaps associated with the development of new or improved products, processes, services, or materials?
If so, you may be eligible.