ππ«ππ§π«πππ¬I am Australia's highest rated R&D Tax Incentive Consultant with overΒ 200+ Google ReviewsΒ (https://bit.ly/3CgclXj) ππππ© ππ¨ π©ππ π’πππ£ ππ¨π¨πͺπ?With over 10 yearsβ experience and lodging 500+ R&D claims I have seen what works and what doesn't.What I see is that there is a big difference between what businesses regard as R&D and what the Government deem as eligible R&D.So, in other words, companies tend to claim things that are not R&D.Β ππππ© ππ¨ π£π€π© π&πΏ?Just because you did these things, does not make it eligible R&D:- Has not been done in Australia before- It is the world first product of its kind- You made mistakes along the way- Your customer did not like it- No one bought itYou lost money making it or selling it- You spent time learning about the market- You spent time choosing the right equipmentBut it could be eligible if you relate it to a scientific approach.Β ππππ© ππ§π π©ππ π₯π§π€ππ‘ππ’π¨ π¬ππ©π πππ©π©ππ£π ππ© π¬π§π€π£π?AusIndustry doesn't care if you have done R&D or not, they just care what you have written on your R&D application.Once the deadline is over, you donβt get a chance to resubmit it or change it.Poor R&D applications trigger audits which are very time consuming.If you are deemed ineligible, any R&D rebates must be paid back with a 50% penalty applied.Β Β πππ£π© π©π€ ππππ© πππ€πͺπ© π©ππ π&πΏ π©ππ ππ£πππ£π©ππ«π?You may find it useful to schedule a chat to run through any questions you may have like:- What should my hypothesis be?- What is the difference between core and supporting?- What is my time worth?- How should I pay myself as an associate?- Can I engage an Australian company that has R&D staff overseas?- What if I sell a prototype?- How to include R&D done overseas as eligible R&D?- What if I get a grant for some of the R&D work?- What overhead percentage should I use?- How much will I get back?- Should I set up another company to get the higher rebate of 43.5%?- What is the process to get the rebate?- Are you actually doing eligible R&D?πΏπ§π€π₯ π’π ππ£ ππ’πππ‘ π©π€ πππ£@ππͺπ‘π‘ππ©π₯π€ππ£π©.ππ€π’.ππͺ
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