Have you thought about applying for the Research and Development (R&D) tax incentive?
R&D Tax Incentive provides targeted cash offsets designed to encourage more companies to engage in R&D. It can be applied to companies with an end of year loss or a profit position. Companies with an end of year loss can receive a cash rebate of up to 45c for every dollar spent in FY16 on R&D including wages, contractors and materials.
The R&D Tax Incentive is currently open for registrations for business with 30th June financial year. Closing date for year ending 30th June companies is 30th April 2017, but business should aim to get their rebates as soon as possible.
AusIndustry R&D Tax Workshops
AusIndustry is offering registration ready workshops in September and October 2016 for business that want to learn more about R&D tax. R&D Tax Incentive registration ready workshop for companies
Need help with your R&D tax incentive?
R&D Tax consultants like Treadstone can also provide excellent advice in advance of your claim to ensure your claim can be maximized and the appropriate documentation is recorded to meet compliance needs .
Treadstone are registered tax practitioners for R&D tax and provide free consultations.
Contact Treadstone now on 03 9008 5937 for a confidential discussion about your R&D Tax claim.