GET YOUR REWARD FOR RESEARCH & DEVELOPMENT

2010/11 R&D TAX CREDIT

SO WHAT’S ON OFFER?

7.5% Tax concession on R&D (Research & Development) expenditure for companies running at a profit

37.5% Tax offset on R&D (Research & Development) expenditure for companies running at a tax loss

WHO IS ELIGIBLE?

Businesses that have developed an innovative product, process or service and meet at least some of the following criteria:

• NEW
• Can be commercialised
• Solution to a technical problem
• Involves systematic experimentation such as testing or trials
• Pty Ltd or Public Trustee for a Ltd Company
• Company incorporated in Australia and not acting as a Trustee for a Trust (other than for a public trading trust)
• R&D expenditure of over $20,000

COMPLIANCE

Keeping accurate financial records are essential so that future entitlements continue to flow into your business and for ongoing ATO compliance requirements. We take care of this by utilizing a customised software programme to dramatically decrease the amount of time and resources required to record R&D activities.

WHY INSIGHT BUSINESS?

Insight Business are the acknowledged experts in preparing the initial R&D tax offset / concession application in what is actually a very healthy activity for your business. We view this as a long-term process rather than a short-term tax grab which we believe will pay-off handsomely with benefits not just in terms of the final entitlement but in the long-term health and wealth of your business.

HAVE YOU TAPPED INTO THE R&D TAX CREDIT?

If not call us on 1800 818 554 for more details or download our 2010/11 R&D tax credit brochure here…..