Federal & State Grants
There are literally hundreds of grants available across all levels of government (local, state, federal) as well as industry associations and related bodies. It’s possible for individuals and corporates to apply for grants without assistance from anyone.
However, the application process is generally time consuming, invariably tedious and mostly confusing, if not totally mystifying. Assistance from experienced professionals in this area can be a godsend.
Our team’s experience and knowledge of the intricacies in applying for grants can save you time and effort and increase the likelihood of success of the application process.
R&D Tax Incentive
Far too many companies (both large and small) continue to miss out on R&D Tax Incentives available in Australia.
For over 25 years the Federal Government has pursued a wide range of programs to encourage R&D investment having recognised that R&D is a basic requirement for innovation and the resulting creation of jobs and economic growth.
However, far too often, these incentives simply go unclaimed. There are several reasons for this. By far the most frequent reason is that taking full advantage of R&D incentives requires a thorough understanding of what constitutes R&D for tax purposes. Especially, how such definition of R&D applies to activities and initiatives taking place across the various operations of a company.
In many instances, colleagues in the various operations are simply unaware that their efforts are eligible for R&D tax relief, based on the legislation, rather than how they themselves might define their activities, typically as BAU (Business As Usual).
Sadly, even when R&D has been clearly identified there is a failure to articulate the scientific/experimental method, as required by the legislation when making the written claim. Consequently, much of what qualifies as R&D may be rejected.
Preparing and submitting successful claims for R&D Tax Incentives requires knowledge and expertise not normally available within your typical Australian organisations.
Our team has over 70 years of combined experience in the R&D Tax Incentive program. We review your current operations to identify all eligible activities. Advise you on the processes required to capture and correctly document the core and supporting activities and their related costs to streamline the preparation of the R&D claim and ensure a successful outcome.