The R&D Tax Incentive deadline for businesses with 30th June financial year end is normally the 30th April 2017.
*Please note as 30 April 2017 falls on a weekend, the deadline for lodging is midnight local time on Monday 1 May 2017
A new application form must be filled out each year covering the details off R&D projects and activities conducted in the year of claim.
AusIndustry will not accept late applications.
In order to make sure you have your registration in on time contact Treadstone and ask for qualified R&D tax help.
Here are some common mistakes listed by AusIndustry (Jan 2017) :
- Failing to identify specific activities
- Failing to identify a technical knowledge gap
- In software, agri and construction ,we also see many whole of project claims.
The ATO has released a number of alerts addressing these in more detail.
Treadstone is a registered Tax Agent for R&D tax and attends the AusIndustry Victorian State Reference Group meetings.