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Cash for your Clients: R&D Tax Concessions & Government Grants

Published on 27 Feb 2008 | Took place at MGSM, Sydney , NSW

To remain competitive, businesses need to develop new products and improve processes - usually by innovating and solving technical challenges. Australia’s Research and Development (“R&D”) tax concession and grants systems provide additional tax deductions and cash to assist such companies.

This seminar explored the R&D tax concession and the various government grants available to help your client access these benefits.

The R&D tax concession is an entitlement and is intended to apply to development activities outside the lab. Claimants include manufacturers, miners, agri-business, financial services, etc. The seminar covered the tax rules relating to R&D, case studies and explained recent improvements to the law including an R&D tax concession for multinationals. Maybe your company or client is also entitled to the R&D concession?

There are also a number of government grants available to help businesses grow – to commercialise a technology or to find a new market. Many of these grants are competitive and it is critical to understand the eligibility criteria for each grant to maximise your client’s chances of successfully receiving funding.

Get a 20% discount when you buy all the items from this event.

Individual sessions

The Australian R&D tax concession legislative highlights

Author(s):  Paul VAN BERGEN

The journey to market can be long and costly for companies investing in innovation. Improving a company's technological competitiveness requires risk capital. The R&D tax concession provides opportunities for these innovators to mitigate the after tax costs by claiming tax incentives. Accelerated deductions of 125% for eligible expenditure, a tailored program to cash out tax losses to the extent of R&D spend for small business (R&D Tax Offset) and the ability to apply for a 175% premium tax concession after satisfying specific eligibility criteria form the basis of the incentive to innovate.

Topics covered by this presentation include:

  • the financial benefits of R&D tax concessions (or R&D tax offset)
  • the key eligibility criteria
  • case studies covering products, processes and services
  • the international premium R&D concession
  • the implications for self-assessment (ATO/AusIndustry).
Materials from this session:

Government grants

Author(s):  Michael LYNCH

Governments want businesses to succeed. To encourage businesses to fulfil their potential, government provides a number of grants, many of which are competitive. This presentation discusses the eligibility criteria for a number of grants relevant to SMEs including:

  • Commercial Ready and Commercial Ready Plus grants
  • renewable energy development grants
  • the food innovation grant
  • the export market development grant.

The presentation also covers some of the misconceptions and myths about government grants and provides details of new government grant assistance programs that have been forecast by the new federal government.

Materials from this session: