Insight Business has been assisting innovative companies to access the R & D Tax Incentive since its inception in 2001.
We currently operate Australia wide, having offices in Perth, Melbourne and Sydney, with a team of dedicated staff who are highly qualified in their relevant fields. Our team are ready to show your business how you could benefit from the R & D Tax Incentive.
If your company is innovating new technologies and services across any industry, call Insight Business today on 1800 818 554 to see how we can help with your R & D Tax Incentive.
ABOUT THE R&D TAX INCENTIVE
The R&D Tax Incentive program provides tax offsets for targeted research and development activities, aiming to encourage more companies to undertake R&D and further stimulate and grow the Australian economy through innovation.
Administration of the incentive follows a number of guidelines and stipulations which must be adhered to. The R&D Tax Incentive Program provides support to companies investing resources into developing something new for the market, be it a process, product or service.
For the period 01 July 2017 to 30 June 2018, the incentive has two core components. Entities engaged in R&D may be eligible for:
a 43.5% refundable tax offset for eligible entities with an aggregated turnover of less than $20 million per annum, provided they are not controlled by income tax exempt entities
a 38.5% non-refundable tax offset for all other eligible entities (entities may be able to carry forward unused offset amounts to future income years).