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  5. R&D Eligibility Wizard - AusGrant
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Welcome to our step-by-step wizard to help you check your eligibility for the new R&D Tax Incentive.

The new R&D Tax Incentive laws apply to R&D activities from 1 July 2011. You could be eligible for either a:
  • 45% Refundable (Cash) R&D Tax Offset - for companies with an aggregated group turnover less than $20 million; or
  • 40% Non-Refundable R&D Tax Offset - for companies with an aggregated group turnover more than $20 million.

If you are eligible you will have until 30 April to apply for your R&D Tax Offset.

Note: This Wizard is intended as a quick guide and should not be used as a substitute for professional advice. Please contact Swanson Reed for professional advice tailored to your requirements.
 
 
 
* Name:
   
 
 
* Company:
   
 
 
* Phone:
   
 
 
 
Can your project be described as one of the following?


  1. A new product

  2. An improved product

  3. A new process

  4. An improved process?

 
Yes
 
No
 
 
 
Have you planned out the project and worked out the time frame of completion?
 
Yes
 
No
 
 
 
Have you recorded the potential issues and recorded the potential level of failures?
 
Yes
 
No
 
 
 
Do you have the rights to use the technology?
 
Yes
 
No
 
 
 
Are you aiming to exceed statutory standards/spec requirements?
 
Yes
 
No
 
 
 
Is your project based on engineering or science principles or 'know how'?
 
Yes
 
No
 
 
 
Do you have a clear set of technical objectives?
 
Yes
 
No
 
 
 
Have you experienced any technical challenges during the past 12 months?
 
Yes
 
No
 
 
 
Are your activities generating new knowledge?
 
Yes
 
No
 
 
 
Are you operating out of a company structure?
 
Yes
 
No
 
 
 
Congratulations, you have completed the R&D Eligibility Wizard!

If you answered 'yes' to all of the questions, then your company and project have a high degree of eligibility and you should strongly consider making a claim for the R&D Tax Incentive for the previous financial year.

If you would like one of our consultants to contact you for a no obligation chat about your company's R&D claim, Please call us 1300 792 676 or contact your local AusGrant representative.