Helping you ensure your R&D claim is compliant and complete
R&D tax incentive support at PwC
Comprehensive R&D tax incentive advice, covering all aspects of R&D claims.
The R&D tax incentive is an Australian Government program intended to support businesses to undertake research and development activities, by offering a tax offset for R&D expenditure. Companies with aggregated annual turnover below $20m can access the refundable R&D tax offset, potentially as a cash refund, while larger companies can use the R&D tax offset to reduce current and/or future income tax liabilities.
It is a ‘self-assessment’ program, but the Australian Taxation Office (ATO) and the Department of Industry, Science and Resources (DISR) do conduct audits which typically occur after the R&D benefit has been received – potentially after it’s been spent. For that reason, it’s very important that you completely understand your obligations, and your R&D claim is properly prepared and supported.
What PwC can help with
We help our clients:
Empowering R&D claimants to understand R&D tax incentive requirements and claimant responsibilities
Preparation and lodgement of annual R&D application forms, and preparation of R&D schedules
Support to self-assess the eligibility of their R&D activities and R&D expenditure
Liaison with the ATO and DISR, including obtaining private rulings and advance findings.
Contact a Research & Development advisor today
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