Research & Development Advice and Solutions
Staying ahead of the competition is a constant challenge. As a business you’re always looking for new and innovative products and ways to improve services and enhance value. To maintain a leading position, particularly in a world of increasing globalisation, Australian businesses need to approach innovation intelligently, with a dedication and desire to improve the products and services offered to their customers.
With unrivalled depths of technical expertise and experience, Delve Innovation’s specialists R&D practice understand these challenges, as well as the opportunities research and development can bring to your business. We offer you the highest calibre of R&D tax advice and services with unparalleled outcomes for your business.
Funding to keep you ahead of the competition.
The R&D Tax Incentive Program
The Federal Government understands that innovation in the business community is vital to the ongoing health of the Australian economy. Their cornerstone innovation program is the R&D Tax Incentive Program, which provides small loss making innovators with the ability to cash out their eligible R&D spend at a rate of 43.5c in the dollar. Larger businesses can access an R&D tax credit of between 8.5c and 16.5c for each dollar of eligible R&D expenditure.
The R&D Tax Incentive program in not a competitive grant, which means if your company meets the eligibility criteria, it is eligible to claim this generous government incentive.
What We Do
In order to place you in the best possible position for your R&D Tax Incentive, Delve's specialist team uses their breadth of experience and depth of expertise to meet your business’ specific R&D Tax Incentive needs. This wide range of R&D Tax Incentive advice and solutions might include:
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R&D Tax Incentive training (for both technical and financial personnel)
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Advice on the documentation required to lodge an eligible R&D Tax Incentive claim
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Preparation of all elements of an R&D Tax Incentive Claim
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Assessment of gaps/opportunities in R&D Tax Incentive claims currently in place
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Assessment of eligibility for the R&D Tax Offset
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Review of claims made under a ‘success fee’ arrangement
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Collation and management of documentation on a contemporaneous basis with feedback to increase the value of the documentation
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Advice on improving or implementing best practice company manuals, documentation and documentation retention systems
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Management of ATO and AusIndustry reviews and audits
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Obtaining ATO assurances via private rulings and position papers
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Drafting briefs in the event of complex litigation
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Representing businesses at the AAT and other judicial forums, including the Supreme Court and Federal Court
How We Can Help
We help you navigate your way through the complex area of R&D tax incentives all while delivering unparalleled and exceptional outcomes along the way. Our specialist R&D Tax Incentive team have the deep technical expertise to assist you to maximise your R&D tax claim, while also identifying and mitigating any risks of the process. When you work with Delve Innovation, you’ll have the utter confidence that any incentive you receive will not be undone in the event of a review.
Our unmatched outcomes are the result of a partner-led, hands-on approach. With our R&D Tax Incentive advice and management you’re free to concentrate on your business needs, on your innovations and on your own internal results. You can simply leave the tedious form filling and expenditure finding to us.
Who We Help
Delve Specialist R&D Tax Incentive team provides advice and services to a wide range of Australian based businesses, from micro start-ups through to ASX 100 listed businesses. If you are an Australian organisation, undertaking research and development activities, we can help.
How Does It Work?
The R&D Tax Incentive program is a non-competitive, entitlement-based, ‘no strings attached’ incentive for Australian businesses engaged in eligible R&D activities. This means that if your business meets the eligibility requirements, it will be given access to the tax incentive, with no further hoops to jump through. The financial support is then given to you either as a cash refund or as a reduction in the amount of tax payable to the ATO, leaving you with, essentially, more cash in hand.
The benefit of this process is that you’ll have assurance of the resources you have available to commit to your R&D projects, which makes it easier to plan and implement them strategically. The challenge now becomes understanding how to get the maximum amount of R&D Tax Incentive available to you, without exposing yourself to risk in the event of a review.
We can help.