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 …
Do You Factor R&D Into Your Next Year’s Cash Flow Forecast? Read More »
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 …
How to keep R&D records in real-time to maximise your rebate Read More »
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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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 …
R&D Incentive crackdown on claims that are not supported by evidence Read More »
This is a question we get asked all the time. Whilst the Research & Development (R&D) Tax Incentive claim process can seem quite complicated, the benefits of doing it properly are well worth the effort. Want to see how you might benefit from claiming the incentive this year? Here’s what you need to know about …
Accurate reporting and record-keeping are critical parts of an R&D Tax Incentive claim. These are two of the most vital elements for businesses seeking to access the program as they underpin the eligibility of the claim for reimbursement of up to 43.5 per cent of research and development expenses. Our services are designed to …
5 ways Clearpoint Ventures can help improve your R&D Tax Incentive claim Read More »
The manufacturing sector is one of the largest and most profitable industries in Australia. Spanning everything from food and beverage, tobacco, textiles and therapeutic goods to chemicals, machinery, metals and plastics, Australian manufacturing is responsible for producing so much of the products we use for work and leisure every day. Unfortunately, globalisation of manufacturing has …
R&D Tax Incentive for the Manufacturing Industry Read More »
One misunderstood aspect of the R&D Tax Incentive is that there is no requirement for the R&D to lead to commercial or even technical success. As long as you attempt to generate new knowledge via an experimental process, you could have eligible R&D under the R&D Tax Incentive. The R&D may never lead (at least …
Get Crucial Feedback During The Product Development Process. If you’re familiar with the Product Development Process, you’ll understand the term “prototype” and how important prototyping is throughout the entire design process. From the first proof-of-concept, right through to pre-production, prototypes that look and perform exactly like the final product help to refine and perfect the …
Many Australians know that investment in innovation is a key driver of Australia’s economic growth and prosperity. Innovation helps to cultivate new ways of thinking, promotes technological development and helps us solve the biggest challenges facing society today. However, few could describe the size of the relationship between Australia’s Research and Development spending and Economic …
CSIRO: Every $1 invested in R&D creates $3.50 in benefits for Australia. Read More »
