ServicesEvery day companies are discovering that they can claim hundreds of thousands of dollars. Are you?
At ATCS, where a project is eligible we prepare the application. This includes collating all the technical and financial information needed to satisfy the Government body that oversees the incentive program.
Where a project is eligible we prepare the application. ATCS will assist you to:
- Rapidly identify eligible R&D projects;
- Compile the necessary technical information;
- Help you compile the relevant R&D expenditure information;
- Calculate your claim amount;
- Complete and lodge your application
Allow us to introduce to you the Research and Development Tax Concession Program.
The Federal Government R&D Tax Concession is an incentive program facilitated by AusIndustry to encourage private-sector investment in research and development activities.
For companies just starting up, or in tax loss, the concession equates to a 37.5% after tax grant, soon to rise to a 45% after tax grant.
For companies in profit it equates to a 7.5%, soon to rise to 15%, after tax subsidy of your development costs.
BUT: (yes there is always a but) as generous as this is, there are always limits as to what can be claimed and what applications you can make. Sometimes these limits are clear, other times they are as clear as mud. Knowing the difference between the two can mean the difference between money in the bank or a government auditor on your doorstep.
Audit and Review
From time to time, Tax Concession applications may be reviewed by regulatory bodies to ensure they comply with the program’s guidelines.
The ATCS team possesses extensive experience in managing such reviews, and facilitating discussions with government representatives to ensure the arguments for your claim are clearly and accurately articulated, including reasons relating to eligibility of specific project activities and costs.
We are able to help your company assemble the relevant documentation and guide you through the audit process.
Many of our clients have found that our representation on their behalf during an audit have greatly simplified and sped up the audit process. Our success rate in this area is unsurpassed. ATCS has never had a claim that we prepared rejected on technical grounds.
Will my company qualify and how much is this going to cost?
If you can answer yes to the questions below, your company will potentially be eligible to apply:
- Is your company a Proprietary Limited Australian company? (i.e. not a Partnership, Sole Trader or Trust)
- Are you undertaking projects that are either innovative, or involve a development cycle with significant testing, analysis and risk of failure?
- Have you spent more than $20 000 on these projects during the previous financial year?
Service Fees
Our service fees are performance based, competitive and only payable upon registration of your application.
If this sounds like you, what are you waiting for? CONTACT US NOW
