R&D Tax Incentive

Maximise Your Innovation Benefits with Expert R&D Tax Guidance.

About R&D Tax Incentive

The Research and Development (R&D) Tax Incentive is a valuable program designed to encourage businesses to invest in innovation by offering substantial tax benefits. If your business is involved in eligible R&D activities, you may be able to claim tax offsets that reduce your tax liability and improve your cash flow. At Factor1, we help you navigate the complexities of the R&D Tax Incentive, ensuring you maximise your benefits while staying fully compliant.

Our R&D Tax Incentive Services Include:
  • Comprehensive assessment to determine eligibility and scope of R&D activities
  • Preparation and lodgement of R&D Tax Incentive applications
  • Documentation support, including technical descriptions and financial calculations
  • Ongoing advice and support to maximise future claims
  • Assistance with ATO and AusIndustry compliance requirements

At Factor1, we make the R&D Tax Incentive process straightforward and stress-free, helping you focus on what you do best—innovating and growing your business.

Common Challenges We Help Address

  • Identifying Eligible Activities
    Determining which of your business activities qualify for the R&D Tax Incentive can be challenging. We provide expert guidance to help identify eligible projects, ensuring you claim all the benefits you're entitled to.
  • Complex Application Process
    The application process for the R&D Tax Incentive involves detailed documentation, technical descriptions, and financial calculations. Our team simplifies this process by managing all aspects of your application, from documentation to submission.
  • Maintaining Compliance
    Ensuring compliance with the program’s requirements is essential to avoid penalties or clawbacks. We assist in maintaining thorough records and documentation, providing peace of mind that your claim is accurate and defensible.
  • Maximising Your Claim
    Many businesses fail to claim the full amount they are eligible for due to a lack of understanding of the program's intricacies. Our experts leverage their experience to optimise your claim, ensuring you receive the maximum benefit.

Why Businesses Need Accounting & Bookkeeping

Streamline finances, ensure compliance, and drive growth with expert accounting solutions.
Taxation Services
Full range of tax services, including business tax, BAS, FBT, and R&D grants, ensuring compliance and minimizing liabilities.
Financial Planning
Plan for the future with estate planning, superannuation, and investment strategies to grow and protect your wealth.
Management Consulting
Expert guidance on starting a business, franchising, and strategic management to drive growth and success.
Finance & Lending
Customized loans for homes, investments, and businesses, plus refinancing options to meet all your financial needs.
Bookkeeping
Efficient bookkeeping, payroll, and Xero training to keep your financial records accurate and compliant.
Corporate Services
Simplified services for business setup, company registrations, SMSF, and trust establishments.

Taxation Services

Full range of tax services, including business tax, BAS, FBT, and R&D grants, ensuring compliance and minimising liabilities.

Financial Planning

Plan for the future with estate planning, superannuation, and investment strategies to grow and protect your wealth.

Management Consulting

Expert guidance on starting a business, franchising, and strategic management to drive growth and success.

Finance & Lending

Customised loans for homes, investments, and businesses, plus refinancing options to meet all your financial needs.

Bookkeeping

Efficient bookkeeping, payroll, and Xero training to keep your financial records accurate and compliant.

Corporate Services

Simplified services for business setup, company registrations, SMSF, and trust establishments.

Frequently Asked Questions

The R&D Tax Incentive is a government program designed to encourage businesses to invest in research and development by offering tax offsets. It helps reduce your tax liability or provides a cash refund, improving your business’s cash flow.

Australian companies that conduct eligible R&D activities to generate new knowledge, products, processes, or services can apply. Eligibility depends on the nature of the activities, not the size or industry of the business.

Eligible activities typically involve experimentation or systematic work that is undertaken for the purpose of generating new knowledge or solving technical challenges. This can include developing new products, improving existing products, or creating new processes.

You can claim expenses directly related to your R&D activities, such as wages for employees conducting the R&D, costs of materials used, overhead costs, and certain contractor fees. We can help identify and maximise all eligible expenses.

The R&D Tax Incentive provides a tax offset based on the eligible R&D expenditure. The rate of the offset depends on your company's annual turnover and tax position. Our team will calculate the exact benefit for your business based on your circumstances.

Proper documentation is essential for a successful claim. This includes detailed records of your R&D activities, timesheets, expenditure receipts, technical documentation, and evidence of the experimental process. We guide you in maintaining and preparing the necessary records.

Yes, startups and small businesses can apply for the R&D Tax Incentive if they conduct eligible R&D activities. The program is designed to support businesses of all sizes, including new and growing companies.

The processing time for an R&D Tax Incentive claim can vary depending on the complexity of the claim and the workload of the regulatory authorities. On average, it may take several weeks to a few months. We work to ensure your application is complete and accurate to avoid delays.

If your R&D claim is audited, we will provide full support, including preparing additional documentation, responding to queries, and representing you in discussions with the regulatory authorities to ensure a smooth audit process.

Factor1 provides comprehensive support, from determining eligibility and preparing documentation to lodging your claim and handling compliance. We ensure you receive the maximum benefit while remaining fully compliant with all regulations.

Office Locations

Factor1 is proud to serve clients in person across Victoria or online throughout Australia. Whether you prefer to meet in person or connect virtually, our team is ready to assist you with all your accounting and advisory needs. Explore our office locations below to find the one nearest you.
Melbourne Office
Shepparton Office
KP Office
Bairnsdale Office
Lake Entrance Office

Book Your Free Consultation Today!

Discover how Factor1 can support your financial success. Schedule your complimentary consultation by clicking the ‘Book Now’ button or giving us a call. Let’s start planning for your future today.

Expert accounting and financial services tailored to your needs. From tax compliance to business consulting, we provide personalised solutions to help your business thrive.

Contact Info

Headquarters
Suite 46-47, Level 3,
Building 2,
1 Ricketts Road,
 Mount Waverley 
VIC 3149

Phone
1300 886 309

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