Published on 27 Feb 08
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
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).
Paul is a specialist R&D tax partner with KPMG and heads its R&D practice in Sydney. He has extensive experience in providing both private and public sector clients with technical advice in relation to all types of R&D and Government Grants and Incentives.
- Current at
12 September 2011