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Research & Development Tax Incentive
A viable option for businesses spending over $20,000 on eligible Research & Development, offering up to a 43.5% refundable tax offset.
Minimise financial risk, maximise innovation. Unlock the full potential of your business.
The Australian Federal Research and Development Tax Incentive (R&DTI) is a progressive initiative designed to foster innovation, development, and the expansion of knowledge across industries. This program is dedicated to supporting businesses in generating new understandings, products, software, technology, and more, contributing to the broader advancement of Australia’s economy.
Who is eligible?
To qualify, your business's project must demonstrate technical risk, contribute to the discovery of new knowledge, and show considerable novelty. Only companies (excluding trusts, partnerships, or sole traders) that invest a minimum of $20,000 AUD in eligible Research & Development activities conducted within Australia and own the resulting IP or end product are eligible.
What are the benefits?
If your business is innovative, attempting to create new knowledge, or bridging an industry gap, you may be eligible for up to a 43.5% refundable tax offset on money already spent. This reduces the monetary risk of innovation and encourages the growth of your business.
Refundable VS Non-Refundable offsets
Eligible companies can receive a tax offset for eligible R&D expenditure. The amount of the offset is determined by several factors, including the time, personnel, and resources dedicated to the R&D project.
18.5% to 43.5% refundable tax offset for companies with a group turnover below $20 million
8.5% to 16.5% non-refundable tax offset for companies with a group turnover above $20 million.
These offsets help reduce the financial risks associated with innovation, fostering business growth and development.
The Research and Development Tax Incentive (R&DTI) offers retrospective reimbursements for innovative research and development of new products, software or knowledge. Under the program, eligible companies can receive a tax offset for eligible R&D expenditures. The offset is designed to help businesses grow their innovative technology and products without being held back by the high costs associated with innovation.
Grant Help’s dedicated compliance team guides you through every stage of the R&DTI, making sure your business meets all requirements. With our collaborative approach, industry expertise, and ongoing support, we provide the direction and resources you need. From application through to any reviews, we represent you at every step, so you can focus on growing your business.
To support you and your project in staying compliant, our team has introduced Grant Help Plus, a dedicated compliance software designed to streamline the R&D process for both current and future projects.
Grant Help Plus significantly reduces the risk of non-compliance as you are able to upload all supporting documentation and keep accurate timesheets for our compliance team to review before submission. Key features include:
- Easy to navigate contemporaneous timesheet tracking for staff involved in R&D
- Maintain and upload records that automatically align with ATO and AusIndustry expectations
- Store secure, timestamped data to support your R&D claims
- Provide peace of mind for audit readiness
Timesheets
Salaries and wages typically form the largest component of R&D claims, substantiating the time staff spend on eligible activities. To ensure compliance and strengthen your eligible R&D claims, our Grant Help Plus platform offers a simple, effective tool to streamline accurate, contemporaneous timesheet tracking.
Supporting Documents
Grant Help Plus also allows you to upload a variety of supporting documentation approved by the ATO, including:
- Contractor Invoices
- Project Planning Documents
- Progress Reports
- Minutes of Project Meetings
- Test protocols, test results, analysis of test results and conclusions
Our team of R&D grant writers, registered tax agents, and compliance officers have assisted hundreds of businesses with the R&D program by providing valuable insights and years of experience. Grant Help offers an end-to-end service, assessing your eligibility, drawing out any and all eligible expenditure, and substantiating it all in a technical analysis. From application through to any reviews, we represent you at every step, so you can focus on growing your business.
A simple process.
We guide you every step of the way.
We assess your eligibility.
Our process begins by learning about your business and educating you on available program's to determine which grants & incentives are best for your business.
We gather and analyse the documentation.
A successful application depends on the strength of supporting evidence. We collect and take stock of the documentation that you have.
We assemble and lodge your grant.
After putting together the best possible application, our experts lodge your submission, ensuring that we adhere to all compliance requirements.
We represent you through the grant and audit process.
We offer an end-to-end service, representing you during the submission and audit processes to ensure you are fully supported at all times.
We source ongoing funding opportunities for your business.
We maintain long term relationships with our clients and work hard to source ongoing funding opportunities for your business.
Your business is in good hands with Grant Help.
Australian-owned
Long-term support
Seamless process
Deep industry expertise
We take care of your grants.
You focus on your business.
You focus on your business.
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