BSI is Australia’s leading specialist in accessing the 125% R&D Tax Concession programs available from the Federal Government.

Our consultants can assist you to:

• Rapidly identify eligible R&D projects;
• Compile the necessary technical information;
• Help you to compile the relevant R&D expenditure information;
• Calculate your application amount or claim amount;
• Complete and lodge your application.

Industry Research & Development (IR&D) Board Technical Audits

BSI provides comprehensive support to companies whose R&D projects have been selected by the IR&D Board to be the subject of a technical audit. 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 representations on their behalf during an audit have greatly simplified and sped up the audit process. Our success rate in this area is unsurpassed.

For all of your R&D and new product development-related needs, you need only contact one organisation for superior results... BSI.

R&D Premium (subset of R&D Tax Concession)

For companies with a history of claiming the R&D Tax Concession, or have been the recipient of an R&D START Grant, there may be the opportunity to access the 175% Premium R&D Tax Concession.

Our consultants can review your claim history and company structures to ensure you can access the maximum available benefit, providing certainty in the additional benefit delivered.

Research and Development Tax Concession Offset Where the R&D Tax Concession offers a tax saving of $7,500 for every $100,000 spent on R&D activities, the Offset offers a cash benefit of up to $37,500 for every $100,000 spent on R&D activities. This offset is paid to the claimant, and is effectively the “cashing in” of tax losses. There are three clear guidelines dictating who is eligible for the R&D Tax Offset. If you can answer, “Yes” to these three questions, and are conducting R&D activities, you may be eligible for the Offset: Is your total turnover less than $5 million in the financial year? Would you have spent less than $1 million on research and development in the financial year? Will you be in a tax loss situation for the financial year?

If you can answer “Yes” to the three questions above, there are some steps to follow in order to make sure you can claim the Offset. Importantly, if you intend claiming the Offset, you must not lodge your tax return for the financial year until you have completed registering for the Offset.

For all of your R&D and new product development-related needs, you need only contact one organisation for superior results... BSI.