Whether or not you can claim the R&D tax offset depends largely on whether the activities you are claiming are eligible as either core or supporting R&D activities. NB: as a general rule only activities conducted in Australia qualify, however, there are some exceptions. Check our post about R&D Advance and Overseas Findings if your… Continue Reading
With the Research and Development Tax Incentive Program (R&D Tax Incentive) there are two special findings available. In this article, we’ll explain the two, why you might want them, and help determine if you’re eligible. R&D Advance Finding These are available for entities that want certainty about their activities eligibility for the incentive BEFORE spending… Continue Reading
What is EMDG? The Export Market Development Grants (EMDG) scheme is an incentive program from the Australian government. It’s designed to encourage small and medium Australian businesses to increase their marketing and promotions overseas. How much do you get back? You get up to 50% of your promotional expenses above $5000 up to a maximum… Continue Reading
What you need to know about the Early Stage Innovation Company Investor Tax incentives As part of the National Innovation and Science Agenda (NISA), the ATO is trying to “encourage innovation by aligning our tax system and business laws with a culture of entrepreneurship and risk-taking.” The idea is to help innovative startups through the… Continue Reading
When it comes to anything tax-related, your records are everything. The same rule applies for Research & Development grants. Establishing smart record keeping systems can be the difference between winning a grant and missing out – in all seriousness. The incentive operates on a self-assessment basis. This means it’s your job to determine whether your… Continue Reading
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