Research & Development Incentive

The Australian Government is providing a tax incentive to business to offset some of the costs of doing Research & Development (R&D).  The scheme is open to firms of all sizes in all sectors who are conducting eligible R&D. BlueSky Accounting is able to run through the eligibility criteria and provide you with the service of an independent R&D grant writer to help you gain access to the funds.

The two main kickbacks are:

  • a refundable tax offset for certain eligible entities whose aggregated turnover is less than $20 million
  • a non-refundable tax offset for all other eligible entities.

R&D Diagram