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Generous Tax Offset
The R&D Tax Incentive offers a substantial tax offset to eligible companies, either as a cash refund or a reduction in your company's tax liability.
Broad Eligibility
A wide range of Australian companies across various industries can qualify for the R&D Tax Incentive, as long as they are undertaking eligible R&D activities.
Minimum Expenditure
In most cases, the minimum spend on research and development activities is $20,000 to be eligible for the incentive; making it accessible to businesses of all sizes.
Eligible Activities
Eligible activities include developing new or improved products, processes, or services, as well as conducting experimental research.
Two-Tiered Structure
The incentive offers different offset rates depending on your company's aggregated turnover, providing tailored support based on your business size.
Growth & Innovation
The R&D Tax Incentive fosters a culture of innovation in Australia, encouraging businesses to invest in R&D and drive economic growth.
How to Claim the R&D Tax Incentive
Filing your R&D claim yourself can be complex and time-consuming. With GrantAid, you gain access to industry experts who streamline the process, minimise risk, and maximise your benefits. Our in-depth understanding of eligibility criteria and documentation requirements ensures you’re always compliant and fully rewarded.
Assess Your Eligibility
We'll discuss your R&D activities and assess your company's eligibility for the incentive.
Gather Documentation
Our team will guide you through the documentation requirements and prepare a robust technical report.
Prepare Your Claim
We'll manage the entire claim submission process, ensuring compliance and maximising your benefits.
Our Client Reviews
GrantAid took the complexity out of the R&D Tax Incentive claim process. Their team was incredibly knowledgeable and supportive, guiding us through every step. We were thrilled with the outcome and highly recommend their services!
We were hesitant to pursue the R&D Tax Incentive, unsure if we qualified. GrantAid provided a clear and thorough assessment, identifying eligible activities we hadn't even considered. Their expertise resulted in a significant tax benefit for our business.
The GrantAid team's professionalism and efficiency were outstanding. They made the entire process seamless, from initial consultation to receiving our refund. We're incredibly grateful for their partnership and highly recommend them to any business investing in R&D.
GrantAid's technical knowledge was invaluable in preparing our R&D Tax Incentive claim. They understood the intricacies of our industry and ensured our technical report was robust and persuasive. We're confident we received the maximum benefit thanks to their expertise.
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