In our podcast series, Embracing Disruption, senior IP Analyst Lynne Teo discusses key themes happening in innovation and tech
For any business, staying ahead of the competition is a constant challenge.
The accelerating pace of change and increasing globalisation in markets means companies must innovate to succeed. To make the most of this investment in innovation, businesses need to take advantage of every opportunity to increase revenues, reduce expenses and minimise tax.
Thanks to the Australian Government’s Research and Development (R&D) Tax Incentive program, that provides companies with a substantial cash refund on eligible R&D activities, Australia is one of the most attractive locations in the world to undertake R&D activities.
Knowing how to make the most of this and other government programs and taxation regimes is essential for any organisation that wants to pursue innovation.
While the numerous steps and regulatory requirements of claiming the R&D Tax Incentive can be daunting for companies that lack the necessary time, resources or expertise to put together a robust and complete claim, Glasshouse Advisory’s specialist R&D Tax Incentive team can provide tailored assistance to suit your business’ needs.
Glasshouse Advisory can assist by:
With clients ranging from micro start-ups through to ASX100 businesses, our experienced team members will help to ensure that your business is making the most of its investment in innovation.
Applications for the R&D Tax Incentive are now open for businesses with a financial year ending 30 June 2018
For businesses with other year end dates, the program closes 10 months after end of financial year
Time remaining to lodge your 2018 applications