R&D Knowledge Base
Find all the answers to your questions about the R&D Tax Incentive in this knowledge base. This knowledge base contains everything from cases, tax rulings, and taxpayer alerts.
Our knowledge areas
Welcome to the knowledge section of Insight Advisory Group. Here, you will find a comprehensive collection of resources, case studies, rulings, and in-depth discussions and other knowledge resources specifically focused on the R&D Tax Incentive. Our goal is to provide you with the most up-to-date and relevant information to help you remain compliant.
If you cannot find the information you are looking for in our knowledge section, please reach out to our team of experts at info@insightperth.com. We are here to assist you with any questions you may have and provide personalised support to address your specific needs.
RECENT CASES
Learn more about use cases, specific applications, and what has been achieved by companies who access the the R&D Tax Incentive.
TAX RULINGS
Learn more about recent tax rulings and determinations relating to the R&D Tax Incentive. This knowledge will help you get your R&D claim right.
TAXPAYER ALERTS
Keep up to date with the latest taxpayer alerts directly from the ATO and AusIndustry.
Resources to get started
R&D Tax Incentive Guide
Find our more about the R&D Tax Incentive and ensure you remain compliant.
How the ATO Monitor R&D
Learn about how the ATO look at the R&D Tax Incentive and how they’ll assess you.
Transparency Report Statistics
Read about interesting statistics such as how much is going to each industry.
R&D Self-Assessment Tool
Assess whether your business or core activities are eligible for the R&D Tax Incentive.
FAQ
R&D Tax Incentive
What is the R&D Tax Incentive?
The Research and Development (R&D) Tax Incentive is a government-supported initiative aimed at fostering innovation throughout Australia. This program provides essential cashflow to businesses and entrepreneurs engaged in industry innovation, helping to offset the risks and expenses associated with R&D activities.
Who administers the R&D Tax Incentive?
The R&D Tax Incentive is managed collaboratively by the Australian Taxation Office (ATO) and AusIndustry, Department of Industry, Science, Energy, and Resources.
How much can I claim back?
Under the R&D Tax Incentive program, businesses can reclaim up to 43.5% of their eligible expenses. It’s crucial to consult with R&D experts to ensure your claims are accurate and not overstated.
What expenditure can I claim back?
Businesses can reclaim costs related to eligible R&D activities, such as staff overheads and supporting expenses. For more information on eligible expenditures, consult one of our R&D experts.
How do I apply?
You must apply with AusIndustry to register for the program.
Eligibility
How can I find out if my business is eligible?
To qualify for the R&D Tax Incentive, your company must meet several criteria:
- Have incurred eligible R&D expenditures of at least AUD $20,000.
- Be an Australian company or an overseas company with a legitimate Australian branch.
- Have conducted eligible R&D activities, such as hypothesis-driven experimentation.
Can I claim eligible activities overseas?
Claiming overseas activities is possible. You would need to apply for an Advanced Overseas Finding from the Industry Research and Development Boards before the end of the financial year. Doing this is a lengthy process. To find out more about overseas eligibility, speak to our team of experts.
Key Dates
When do I claim the R&D Tax Incentive?
Businesses need to claim each financial year from 1st July.
When is the cut-off date for claiming the previous financial year?
Businesses can still claim for up to 10 months after the financial year, 30th April.
Contact
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