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How Can I Check My R&D Process is sufficient to withstand scrutiny for R&D Tax Incentive?

It’s all about how you document your work The Government provides specific “guidance” on what documents they want to be provided as evidence of the R&D work you are undertaking. You need to cover the following areas to the right level of detail: Product strategy with project roadmap and new knowledge assessed R&D project documentation with project hypothesis explained ✓ R&D project eligibility proof for core R&D activity documentation ✓ R&D project timelines, plans and …

How Can I Check My R&D Process is sufficient to withstand scrutiny for R&D Tax Incentive? Read More »

How Do I Get Help With The Completing The Claim Form for R&D Tax Incentive?

Important! Before you start claiming, you should have all your well-managed and correct records in place. Over the last ten years of working with the R&D Tax Incentive, the most common mistake we see is the documentation doesn’t meet the correct ‘scientific language and format’ that the Government require and that there is not a complete set of ‘documents’ to substantiate the ‘claim’. Not getting this right makes your application to claim ineligible. To get …

How Do I Get Help With The Completing The Claim Form for R&D Tax Incentive? Read More »

How Can I Get Through An Audit for R&D Tax Incentive?

During an Audit, AusIndustry and the ATO will ask you to provide evidence of your R&D activities conducted within one to four years. Therefore, having well-managed record-keeping is necessary. The recent changes made by the Government to the application R&D Tax Claim form means that the evidence you have maintained in the past for a claim may not be sufficient to prove that your R&D is eligible or to defend your claim from now on. …

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What Records Are Needed for R&D Tax Incentive?

The R&D Tax Incentive is for businesses conducting innovation and developing new products or services. It’s a self-assessment as part of your application for the rebate. Therefore, you will need records that substantiate your claim. By records, we mean detailed documents and evidence that will satisfy the Government’s requirements. These requirements are stringent and very specific. The company must maintain adequate records to prove to AusIndustry and the ATO: That they carry out qualified R&D …

What Records Are Needed for R&D Tax Incentive? Read More »

How Can I Be Sure I Get The Most From The R&D Tax Incentive And Avoid Audit Issues In The Future?

As you know, the R&D Tax Incentive is for businesses conducting innovation and developing new products or services. It’s a self-assessment as part of your application for the rebate. Therefore, you will need records that substantiate your claim. By records, we mean detailed documents and evidence that will satisfy the Government’s requirements. These requirements are stringent and very specific. What to be aware of is, the Government have made recent changes that make it mandatory …

How Can I Be Sure I Get The Most From The R&D Tax Incentive And Avoid Audit Issues In The Future? Read More »

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