R&D Tax Incentive
The R&D Tax Incentive applies to research and development activities and expenditure in income years commencing on or after 1 July 2011 and provides a targeted tax offset designed to encourage more companies to engage in research and development in Australia. It offers Australian companies up to a 45% refundable tax offset for eligible research & development expenditure. At Mplus Accounting, we can assist you with:
- Determining your eligibility
- Preparing applications to AusIndustry
- Required R&D record keeping
- Completion of the R&D schedule in the tax return
- R&D audits
Export Market Development Grant (EMDG)
Are you an exporter of Australian goods or services? If so, you may be eligible for an Export Market Development Grant.
We consider both R&D Tax and EMDG to be a highly specialised but valuable and generous incentive for our clients to look into. Don’t miss out on your claims. They can provide significant financial assistance where you have eligible expenditure, making it easier to continue to invest in both research and expanding your international markets.
Mplus Accounting has the proven systems to put you in front when it comes to grants, incentives and government assistance. We help businesses in any industry in Queensland, New South Wales, Victoria and South Australia. Contact us to find out more.