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 Van Bergen ATI
Paul heads KPMG Sydney’s R&D Incentives Group and is responsible for the R&D claims of a broad range
of clients including those involved in manufacturing and process intensive activities. Paul has over 20 years’
experience in R&D Tax Concession claims. He specialises in integrating R&D tax compliance requirements
into client’s planning procedures to ensure real-time capturing of the information necessary for robust R&D
tax claims. Current at 12 September 2011
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