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R&D tax incentives and grants

R&D and Grants


  • Do you want free money for your business in Sydney?


    The R&D tax incentive (research and development) is a benefit designed and implemented by the federal government to further empower Australian businesses and drive innovation by rewarding eligible R&D projects with a tax refund. The tax incentive also allows businesses to pay less tax based on how much they have invested in eligible R&D projects within the year.

    For new businesses, the tax refund from the R&D tax incentive can be extremely beneficial. The total amount that can be claimed through the it can be up to 43.5% of the total expenses for businesses that are in a tax loss position. If your business has spent $100,000 on projects that are eligible for the R&D tax refund, then you are also eligible to claim an R&D tax refund of more than $40,000 if the eligible project has been registered.

    Through the new tax scheme, the federal government also aspires to create more job opportunities from businesses in Sydney that have access the R&D tax incentive and use it to commercialise and advertise their new products. It also aspires to develop the Australian economy. For every $1 that is used by the federal government on eligible R&D projects, about $6 goes back into the economy.

    Let Carbon R&D and Grants help you claim your free money today! Give our office in Surry Hills a visit to find out how we can help you.
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    Access the tax refund that you are eligible for today

     
    The research and development (R&D) tax incentive is a scheme designed by the federal government to strengthen the entrepreneurial spirit and urge innovation within Australian businesses. This tax incentive works by giving businesses access to a tax refund or allowing them to pay less tax depending on how much they have invested in eligible R&D projects in that financial year.
     
    For businesses in their early stages or start-ups in Melbourne, it is a very generous incentive and the cash back that businesses are eligible for can be up to 40% of the expenses for businesses in a tax loss position. So, if your business has spent $100,000 on R&D projects during the year, you can be eligible for over $40,000 as a tax refund after the project has been registered and has claimed its eligible R&D. This gives Australian businesses the additional push to work harder and even smarter and compete with international businesses.
     
    The new tax scheme was also designed to create more jobs by giving fast growing businesses an extra boost in their finances as they start commercialising their freshly developed services and products in Melbourne. The treasury has estimated that for every $1 that the federal government spends on the R&D tax incentive, roughly $6 of tangible indirect and direct benefits will flow onto the country's economy as a result.
     
    Learn more about claiming your R&D benefits by having a chat with our Carbon R&D and Grants team at our offices in Seaford and Mitcham.

     

  • Innovation in Brisbane

    Have you been spending money on improving product quality, or have plans to do so? Are you investing in better processes? Or perhaps you have tried and tested the unknown. All of this comes with a level of risk, and when there's risk involved, there are government grants available that you may be eligible for.

    The Australian government wants to encourage innovation, and so offers a very generous incentive for early stage businesses which can result in a cash back amount of more than 40% of expenditure for businesses in a tax loss position.

    Your innovation doesn't need to be medical, life-changing, or out of the ordinary. You may simply be introducing a new flavour to a product line, or a new system to make your work more efficient. Whatever it is, if there's uncertainty as to whether or not it will be a success, you may be eligible. 

    Contact our team in Darra, Brisbane, and let's see how we can help you with your business plans.
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    R&D tax incentive in Perth

     
    The R&D (research and development) tax incentive is a federal government scheme designed to encourage innovation and entrepreneurial spirit within Australian businesses. The incentive works by either allowing businesses to access a tax refund or pay less tax based on their investment in eligible R&D projects throughout the financial year.
     
    It is very generous for early stage businesses and can result in a cash back amount of more than 40% of expenditure for businesses in a tax loss position. This means that a small business in Perth that has spent $100,000 on R&D during a year, could receive over $40,000 in cash back after it has registered and claimed its eligible R&D. The overall policy design is intended to help shift Australian business away from simply working harder toward working smarter and being able to compete internationally.

    In addition, it is designed to create jobs by giving an extra financial boost to fast growing businesses in Perth as they commercialise their newly developed products and services. It has been estimated by treasury that for every $1 spent by the federal government on the R&D tax incentive, around $6 of tangible direct and indirect benefits will flow to the Australian economy as a result.
     
    Drop by our offices in Osborne Park, Ellenbrook, or Roleystone and have a chat with our Carbon R&D and Grants team.

  • Get that extra financial boost for your Adelaide business with the R&D incentive you're eligible for


    The Australian federal government has implemented a tax refund scheme that allows businesses to acces a tax refund or lessens their tax due based on their total investment in their eligible R&D projects within that year.

    The R&D (research and development) scheme was designed and implemented to empower Australian businesses and reinforce the entrepreneurial spirit in Australian business owners. It also aims to foster innovation and give these businesses the edge to compete with international businesses.

    This can be considered a very substantial amount for new businesses or start-ups in Adelaide since the cash back that can be claimed through the R&D tax refund can be up to a total of 40% of the expenses for businesses in a tax loss position. Given that your business has used $100,000 on eligible R&D projects within the year, you can also be eligible for up to $40,000 or more as your R&D tax refund if the project has been registered.

    By creating this new tax scheme, the federal government also aims to create more jobs through fast growing businesses using the R&D tax incentive to commercialise their new products and services in Adelaide. It also aims to improve the Australian economy as for every $1 that is spent by the federal government on R&D projects, about $6 flows into the economy.

    Sounds interesting enough? Give our Carbon R&D and Grants team a call and drop by our office at Gawler and Barossa to get started.
     

 

Some examples include:

Products

Products

Improvements in product quality, raw materials used, different physical or performance attributes, improved safety standards

Processes

Processes

New or improved production processes, improved throughput efficiencies, considerations for unique site or environmental characteristics

Maintenance

Maintenance

Increase asset life and reducing wear

Environmental

Environmental

Reduction in emissions, energy or raw material use or waste production

Trials

Trials

Testing unknowns related to new products or processes or overcoming technical uncertainty

In addition, it is designed to create jobs by giving an extra financial boost to fast growing businesses as they commercialise their newly developed products and services. It has been estimated by treasury that for every $1 spent by the federal government on the R&D tax incentive, around $6 of tangible direct and indirect benefits will flow to the Australian economy as a result.
  • CPA
  • eWAY
  • Tyro
  • MFAA
  • Stripe
  • Ezi Debit
  • Vend
  • Synchron
  • SRG Group
  • Kounta
  • Retail Express
  • Telstra Trades Assist
  • Deputy
  • T Sheets
  • ServiceM8
  • SimPRO
  • Unleashed
  • Spotlight Reporting
  • Calxa
  • Chaser
  • MYOB