Innovation is the lifeblood of progress, and Australia is committed to nurturing it. Enter the Research & Development (R&D) Tax Incentive program, a vital resource for businesses seeking to innovate, develop, and thrive.

Boosting Innovation

This program backs Australian businesses by offsetting up to 43.5% of R&D-related expenses. It’s designed to support activities that drive innovation and growth.

Eligible Activities

If your venture involves R&D projects that improve products, processes, services, materials, or devices, and if the outcomes weren’t foreseeable, you’re likely eligible.

Significant Benefits

Here’s the financial kicker: this program offers a refundable tax offset of up to 43.5% on R&D expenditure costs. It’s a substantial boost to fuel your innovation engine.

Mark Your Calendar

For those planning to leverage this incentive for the fiscal year from July 1, 2022, to June 30, 2023, remember that F23 applications close in April 2024. Time is of the essence if you haven’t applied yet.

Our Expertise at Your Service

Don’t navigate this incentive landscape alone. We specialise in R&D incentives and are here to guide your business toward maximising this opportunity. If you’re conducting R&D and haven’t applied, reach out to us today.

For more information, visit the program website

Innovation drives success, and the R&D Tax Incentive program is your key to unlock it. Let’s embark on this journey together, propelling your business toward a brighter, more innovative future.