R&D Tax Incentive

What is the R&D Tax Incentive?

The Research and Development Tax Incentive (R&D) is a program designed to increase participation in the Australian Innovation Economy. Eligible businesses can receive a tax rebate on eligible R&D activity.

The amount varies depending on the size of the business and annual turnover, but can be broken down into two key categories:

SME’s and Start-ups:

SME’s and start-ups that turn over less than $20 million annually can receive a rebate up to 43.5% for R&D activities.

Large Businesses:

For large businesses with more than $20 million aggregated annual turnover, the offset is a non refundable carry forward deduction of 38.5%.

R&D Tax Incentive Key Dates

For June year end companies

Registrations Open for FY 17/18 activities: July 1st 2018

Registrations Close for FY 17/18 activities: April 30th 2019

Advanced Finding Cut Off for FY18/19 activities: June 30th 2018

For December year end companies

Registrations Open for FY 18 activities: January 1st 2019

Registrations Close for FY 18 activities: October 31st 2019

Advanced Finding Cut Off for FY19 activities: December 31st 2018

How can Avant Group help?

When you’re a business owner, you may not have time to work through the red tape and audits required to apply for government grants.

Avant Group is your partner for grant success! We take all the hassle out of the entire grant application process from working through the red tape, writing the application and managing audit and reporting requirements – so you can focus on running your business.

Success Only Fees

Avant Group works on a Success Only Fee basis for R&D applications.

We also offer:

  • All AusIndustry auditing management included at no additional cost
  • Hands on technical project management covering application writing and administration aspects
  • A highly skilled advisory team with consultants from engineering, marketing and finance disciplines
  • Government accreditation
  • A dedicated account manager who will work with you every step of the way with your grant application

Want to know more? Contact us for an obligation-free assessment of your R&D eligibility.

Phone: +61 (0) 3 8640 0914 or email info@avantgroup.com.au