| Turnover | <$20 million |
| Taxable Position | PROFIT of $1 million |
| Eligible R&D Expenditure | $1 million |
| Benefit | $185,000 ($1 million x 43.5% = $435,000) LESS ($1 million x 25%=$250,000) |
| Benefit in the form of | Reduction in tax liability and any unused offset amount will be refunded |
