Month: May 2022

Do You Factor R&D Into Your Next Year’s Cash Flow Forecast? 

If you already know that research and development is a vital part of your business and submitting a Tax Incentive claim is on your annual to-do list, maybe it’s time to change your perspective and start planning your business activities through the R&D lens and include your Research and Development and potential R&D Tax Incentive …

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How to keep R&D records in real-time to maximise your rebate 

If you’re claiming the R&D Tax Incentive, there needs to be a thorough and detailed paper trail that outlines the exact costs you incurred and the specific R&D activities that led to those costs. You also need to prove that the costs were incurred during the financial year you filed for the incentive, so time …

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What to do if flagged as “At-Risk” with the R&D Tax Incentive claim 
 

Have you been flagged as “at-risk”, or are worried you could be during this next tax season? Through this article, we will help shed light on what it means to be ‘at-risk’ and how to avoid being flagged when it comes to submitting your R&D Tax Incentive claim.   If flagged as “at-risk”, AusIndustry will …

What to do if flagged as “At-Risk” with the R&D Tax Incentive claim 
 
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R&D Incentive crackdown on claims that are not supported by evidence 

Australian Tax Office and AusIndustry have increased their expectations of the type of documentation companies should maintain. This is evident in several recent AAT cases, which have rejected R&D claims due to a lack of documentation kept as the experiments were being conducted.  The importance of record-keeping for a successful R&D Tax Incentive claim  To …

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An Australian biological therapies company VivaZome 

The challenge  Assess the company’s business research processes and projects to assess eligibility for R&D Tax Incentive.  Clearpoint Ventures Solution  Identification of eligible R&D research;  Streamlining of processes;  Maximisation of the R&D Tax Incentive benefits.  Researching and developing proprietary manufacturing technology processes for high-value exosome products, VivaZome discovered their company needed alternative expert advice to …

An Australian biological therapies company VivaZome  Read More »