R&D Tax Incentive and the 2018 Federal Budget

Business as usual for SMEs looking to invest in r and d  and claim tax incentives.

• Changes to percentages to be claimed with companies whose turnover is greater than 20m – giving more to those who spend more on r and d as a percentage of revenue .

• Caps on spend

• Those that claim – names and amounts will be published

• Bigger budget to be spent on compliance – so ensure you have your claim verified and auditable!

• Let me know if you want a referral to the best r and d consultants in the country!

Posted on May 8, 2018