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Getting started with the R&D Tax Incentive

Your Innovation and Research into New Products or Process Improvements May Be Eligible

The R&D Tax Incentive is available to all Australian Companies that are conducting any activity that requires experimentation and you cannot be certain of the outcome. If this sounds like work being performed in your business then read on.

Getting Started

You will need…
Clear documentation on the new knowledge you are gaining with the work.

This is about clearly establishing that you are doing new work that has not been ‘discovered’ elsewhere in the world. This is core to being eligible for the grant, so it is important to put focus on this right at the start. We can help make this step easy by providing you with a template that you can use to ‘document’ your ‘new’ knowledge, regardless of whether you are working on a new software program, a new product or a process improvement.

An accountant that specialises in the R&D tax incentive

They will be required to prepare you claim. If you need a recommendation, we are happy to assist as we work with many accountants and consultants. Clear and well structured documentation will ensure that they will safely claim, on your behalf, the maximum amount under the tax incentive scheme.

3. A review of your current development, innovation or program of work

We recommend a review to check your R&D, even if you are already claiming, to ensure it aligns to the required ‘scientific’ experimentation. We are more than happy to review your current documentation and processes over the phone.

As suitable documentation and a paper trail

It is important all the records required are available and reflects that you have undertaken the above ‘experimentation’ as per the legislation requirements.

How do we help?

We are able to assist with both a review of your current processes and provide you with templates for the required documentation. This will save you many hours of work in designing the ‘templates’ for your experiments yourself, and we can guarantee that they have been tested by audit and pass with flying colours.

1. Is the R&D tax incentive for your Business?

The R&D Tax Incentive is designed for businesses investing time and resources in innovation and research.


2. Getting started with the R&D Tax Incentive

Find out what you will need to get started under the R&D Tax Incentive to avoid problems down the track.

3. Increasing your Annual R&D Tax Incentive Claim

Increase the amount you claim from your R&D Tax Incentive and make it easy and quick to claim.

Key Benefits

Foster innovation in your business

  • Implement consistent and repeatable best practice R&D Processes
  • Avoid being one of the 70% of eligible business that don’t claim
  • Conduct more R&D with less hassle and greater teamwork

Straight forward R&D record-keeping

  • Reduce the complexity and red tape of record-keeping
  • Substantiate more expenses and increase your claim 30-50% on average
  • Be one of the eligible businesses that are accessing benefits
  • Implement systems to avoid the annual records headache
  • Reduce the time and cost to prepare your claim

Oversight to stay on track

  • R&D Process Manual for staff training and awareness
  • Oversight and governance to keep you on track
  • Done-for-you documentation to
R&D Tax Incentive Implementation Guide
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What Our Customers Have to Say

A very professional and thorough service. George helped us to put the correct processes in place for our specific business. Correct and accurate record keeping is the crux of any R&D claim and George was instrumental in setting that up so that in the future our application for an R&D grant will flow smoothly. The manual George provided is very professionally put together and through Georges workshops we, as a company, have realised the importance of such thorough record keeping. In fact we hope that by improving our record keeping we will be able to increase our future claims. George also pointed out to us a couple of things that we were unaware that we could claim as R&D expenses. Very helpful!
Robyn Hodgson
Coolpac (Temperature Controlled Freight Packaging)
There are a lot of consultants out there that are ready to take your money to help you put in an R&D grant, but few that help with making sure you have the process in place to support that application - until now.
George has systematized his successful process for maintaining compliance records into a framework that was easy for us to adapt and apply to our way of working.
With plenty of high profile businesses being audited and found coming up short due to record keeping, we are now sleeping easy that we will not be one of them.

Paul Greenwell
Propel Ventures (Financial Software Development)
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Frank Jones
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Jack Brownn
Nick Duncan

Did your tax Consultant ask you to ensure you Keep all the right records?

Learn what records, their format and wording you need to substantiate and maximise your claim.

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