R&D Tax Incentive Program

We take care of the complex elements so you can concentrate on growing your core business. 

Obtaining a benefit from the Research & Development Tax Incentive program requires annual registration with AusIndustry prior to the lodgement of your tax return. However, the interpretation of what constitutes an eligible expense can be quite complex.
CEBO R&D tax incentive consultants in Australia can help guide you through this process.
First, ask yourself the following questions:
  • Are you developing new or improved products or processes?
  • Does the process require significant technical risk or innovation (or both)?
  • Does at least one activity within your projects contain systematic testing and/or experimentation?
If you’ve answered ‘yes’ to the above questions, you may be eligible to claim a Research & Development tax credit for your incurred costs.

You’d be surprised at the range of companies that qualify for Research & Development incentives.

We have successfully achieved great results for a broad range of companies. Examples include companies active in agribusiness, bio waste treatment, construction materials, energy generation, software design, and prototyping using photographic imaging.
If you have an innovative product or company, chances are you’re not receiving your full entitlements.
Under the Government’s R&D Tax Incentive scheme, you can claim costs for labour, overheads, materials for prototypes, testing costs, contractors’ costs and other items and materials. If you’re at an early stage of development and are still cash flow negative or are carrying tax losses, you may also be eligible for a cash refund from the ATO.
At CEBO, we help you access your full R&D tax entitlements. We take care of the complex elements involved in the application process, so you can concentrate on growing your core business.

BENEFITS

The R&D Tax Incentive program is a targeted, generous and easy to access entitlement scheme that helps businesses offset some of the costs of doing R&D.  The program aims to encourage more businesses to innovate and conduct R&D.  This is available to firms of all sizes in all sectors that are conducting eligible R&D activities.

The net benefit of the program, for companies with less than $20 Million turnover, returns $18.50 per $100 spent on eligible R&D. Where the applicant has sufficient carry forward tax losses or where it is still in a negative cash flow state, the benefit will be provided as a cash payment from the Australian Tax Office (ATO) and this can be as high as $43.50 per $100 R&D spend ($18.50 of net benefit plus the current corporate tax rate). For companies with over $20 Million turnover, the net benefit is a minimum of $8.50 per $100 spent on eligible R&D activities.

ELIGIBILITY

To qualify your company needs to meet the following criteria:

To be incorporated in Australia

To be a ‘for profit’ company (not NFP)

To spend more than $20,000 on R&D in the claim year

To conduct R&D in Australia

To conduct activities for the purpose of generating new knowledge