New AusIndustry online R&D Tax Incentive portal
Introduction AusIndustry is in the process of rolling out a new online R&D Tax Incentive portal which you will use to submit all FY2021 R&D Tax Incentive applications. This portal replaces the PDF smart form previously used. This portal is now live, and you...
What is a Hypothesis in the R&D Tax Incentive?
What is the issue? Problems with many R&DTI applications start with the hypothesis used. It is difficult for many claimants to get this right. Many are vague and non-specific, making them impossible to prove in an experiment, making them eligible for the...
What is an R&D Tax Incentive experiment?
The scientific experiment in the R&D Tax Incentive What is an R&D Tax Incentive experiment? One significant reservation that potential applicants have with the R&D Tax Incentive is the need for the claimed R&D to be based on the principles of...
What is a Core Activity in R&D Tax Incentive?
Core Activities What is a Core Activity in R&D Tax Incentive? R&D Tax Incentive applications to AusIndustry are written in terms of Core Activities and Supporting Activities. These two types of activities describe the actual technical work done in the claimed...
What is a technical gap in R&D Tax Incentive?
What is a technical gap in R&D Tax Incentive? So, you have looked into the R&D Tax Incentive enough to know that you are an eligible entity, so you are eligible to submit an R&D Tax Incentive claim. The next issue is what you can claim – which part of your...
R&D Tax Incentive changes in 2020/2021 Budget
Many would know that the Australian Government has been pursuing changes to the R&D Tax Incentive program, which were expected to save $1.8bn if implemented. These changes have been bogged down in a Senate committee review for some considerable time, with the...
Why is the R&D Tax Incentive good for startups?
The R&D Tax Incentive program is great for startup companies. Why? Let us explain. One misunderstood aspect of the R&D Tax Incentive is that there is no requirement for the R&D to lead to commercial or even technical success. As long as you attempt to...
Do you trust your R&D Tax Incentive consultant?
Like it or not, you really do need to trust your R&D Tax Incentive consultant. This post explores what you are trusting them to do for you. It is amazing how claimants seem to have blind faith in their R&D Tax Incentive consultant. For some, they don’t have...
Software R&D Tax Incentive applications – are they risky?
Software R&D Tax Incentive applications reported in the media In recent years, there have been a number of media reports of software R&D Tax Incentive applications (some high-profile) being rejected by AusIndustry as being non-compliant. If you have been...
Prior art searching for R&D Tax Incentive
Why is prior art searching for R&D Tax Incentive needed? Prior art searching for R&D Tax Incentive is often overlooked, but is an important part of your application. R&D activities will only be acceptable to AusIndustry if that R&D is necessary to...
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