The deadline for Australia’s most lucrative program is looming. Are you across the R&D Tax incentive and how it can help your business grow?
Are you looking to drive innovation and growth in your business? The R&D Tax Incentive program, coupled with the expertise of GrantReady, could be the key to unlocking your company’s full potential. The R&D Tax Incentive is the largest program of its kind in Australia and offers over $2.9 billion annually to businesses undertaking research and development activities. And the best part? It’s not competitive – if you’re eligible, you’re entitled to it. However, the deadline of the end of April is looming.
From manufacturing to agtech
The R&D Tax Incentive is designed to support a wide range of industries, from manufacturing to IT, biotechnology, agriculture, and more. Eligible entities can receive a tax offset for eligible R&D activities and the decline in value of assets used for those activities. This means that you could be entitled to get 43.5% back on your R&D spend.
Driving innovation and growth
One of the key objectives of the R&D Tax Incentive program is to make companies more competitive and improve productivity across the Australian economy. By encouraging businesses to conduct R&D that they might not otherwise undertake, the program aims to drive innovation and growth.
Am I eligible?
To see if you’re eligible for the R&D Tax Incentive, we’ve created a quick questionnaire. Within a couple of minutes you’ll know if your company is eligible for the R&D Tax incentive and the next steps. And have a look at our brochure for more details here.
Over 20 years of R&D expertise
When it comes to claiming the R&D Tax Incentive, choosing the right partner is crucial. The claims process can be tricky and difficult. That’s why we’re here to help take the pain out of the process for you. With over 23 years of experience in the field, GrantReady has the expertise and knowledge to help you navigate the complexities of the program and maximise your benefits. Our team of experts understands the intricacies of the legislation, case history, and program administration, ensuring that your claim is accurate, compliant, and optimized to deliver the maximum benefit to your business.