As we are coming up to the end of the financial year, it is important to take advantage of what is available to you. R&D Tax Incentive is Federal support for research and development expenses for eligible Australian companies across all industry sectors.
While your patent and trade mark filings themselves aren’t tax deductible, your research, design, and development costs could be.
The R&D tax incentive provides targeted tax offsets designed to encourage more companies to engage in R&D activities. Whether you are running a start-up business or have an established business, you may be eligible to receive up to 43.5% of the research and development expenses back in cash.
Make sure to contact your accountant to assess your options and check out the link below to see if you’re eligible for this rebate.
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