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R&D Tax Incentive

With JC & Associates, you are enable to receive R&D advantages.

R&D Tax Incentive Services

The R&D tax incentive is a major driver of innovation in Australia. Companies are encouraged to engage in R&D projects that they might have yet to be able to finance otherwise, but many find it challenging and time-consuming to obtain tax benefits. Some decide against moving forward with this significant step without guidance.

With JC & Associates, our group of R&D tax experts is well-versed in the tax incentive program and has expertise in properly submitting applications and securing R&D benefits. This can include activities that involve the acquisition of new knowledge as well as information about new or improved materials, goods, equipment, processes, or services. Another significant source of funding for R&D in Australia is the Commonwealth and State governments, on which our team also provides advice on various grant programs.

These services are provided by our specialized consultants, ensuring compliance with regulatory requirements, and preparing necessary documentation. Therefore, companies can effectively navigate the complexities of the tax incentive process, optimize their claims, and focus on their core R&D activities, ultimately driving innovation and growth within Australia.

 

Our Outsourcing R&D Tax Incentive Services

Registering qualified R&D activity
  • Our team is responsible for finding and classifying “core” and “supporting” activity in R&D that is eligible.
  • We will examine technical records to verify R&D activity eligibility and offer comments where needed to guarantee the strongest possible R&D registration.
Application preparation and record keeping
  • Our experts prepare and submit R&D tax incentive applications to AusIndustry and the Australian Taxation Office (ATO), ensuring all required information is accurately provided.
  • We assist with maintaining accurate records of R&D activities and expenditures to meet regulatory standards.
Audit and Advisory support
  • Our company provides support during ATO or AusIndustry audits, including preparing responses to queries and providing necessary documentation.
  • We are offering strategic advice on optimizing R&D tax incentive claims and integrating these incentives into overall business planning and innovation strategies. 
Compliance Management
  • We ensure ongoing compliance with R&D tax incentive regulations, including updates on legislative changes and their impacts on claims.
  • We identify and manage risks associated with non-compliance, such as penalties or disqualification from the program. This includes implementing corrective actions and improving internal controls.

Our Processing

Our R&D tax incentive services ensure that all eligible R&D activities are identified, documented, and claimed efficiently

01.

Initial Consultation

02.

Engagement and Planning

03.

Data Collection and Documentation

04.

Preparation of R&D Tax Incentive Application

08.

Continuous Monitoring and Improvement

07.

Post-Submission Support

06.

Submission of Application

05.

Review and Quality Assurance

06.

Submission of Application

07.

Post-Submission Support

08.

Continuous Monitoring and Improvement

Benefits of Outsourcing R&D Tax Incentive Services

Outsourcing R&D tax incentive services can help you in the following manner:

Focus on core activities

You can concentrate on developing the business while being sure of preparing a detailed R&D application and accompanying documentation.

Reduce risk and optimize R&D claims

Our experts offer the best way to define and position R&D operations so that your organization meets the expectations of regulators.

Determine and address technical issues

We can provide consulting guidance on more complicated technical or ‘gray’ parts of R&D tax legislation that may come up in a claim, such as associate payments, feedstock adjustments, and aggregated turnover calculations that claimants aren’t necessarily aware of.

Examine supporting documentation

We can offer consultation services to guarantee that you have the necessary contemporaneous documentation and evidence to justify your R&D activity and support everything indicated in your R&D Application and spending.

Frequently Asked Questions

The R&D Tax Incentive is an Australian government program that encourages enterprises to do qualified research and development activities by granting a tax break on their R&D expenses.

Yes, R&D work can be outsourced, but it must be completed in Australia to qualify for the tax advantage. Overseas outsourcing is typically not qualified unless it fits particular criteria and exclusions.

Important issues include R&D activity eligibility, the necessary documentation, application timing, and regulatory compliance. Engaging skilled experts can help solve these concerns successfully.
 
 

Meeting with JC & Associates

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