The R & D journey to market can be long and costly for companies investing in innovation. However, the R & D Tax Concession provides opportunities for these innovators to mitigate the costs by claiming tax incentives. Accelerated deductions of 125% for eligible expenditure, a tailored program for small business (R & D Tax Offset) and the ability to apply for a 175% premium tax concession after satisfying specific eligibility criteria form the basis of the incentive to innovate. Topics covered in this presentation include:
- financial benefits of R & D Tax Concessions (or R & D Tax Offset)
- key eligibility criteria
- obvious and difficult R & D case studies
- implications for self-assessment (ATO / AusIndustry).