Call for free assessment
03 9853 9853

Example 4: Turnover >10M in Profit or Loss

Turnover >$20 million
Taxable Position PROFIT or LOSS >$20 million
Eligible R&D Expenditure $1 million
Benefit $85,000
($1 million x 38.5% = $385,000)
LESS ($1 million x 30% = $300,000)
Benefit in the form of Reduction in tax liability and any unused offset amount will be carried forward into future years to reduce future tax liability
10M in Profit or Loss

Related Projects