Many businesses are doing eligible for R and D Tax Incentive without realising it, and missing out on one of Australia’s most valuable cash flow incentives. Lawson helps you identify eligible activities, capture all the relevant costs and document your R&D properly, so your claim is complete and well supported. We work with our registered tax agent partners to lodge your claim, giving you confidence that you’re claiming the entitlement you’re eligible for.
The R&D Tax Incentive rewards companies that run experiments to solve technical problems where the outcome isn’t known in advance. Software development, product prototyping, new production methods and process improvements can all qualify, and many businesses don’t recognise this work as R&D. We review your projects with you and your technical team to identify what’s eligible, and what isn’t, before any claim is prepared.
A strong claim depends on capturing every eligible cost and keeping the right records. We help you identify and calculate eligible expenditure, including staff time, contractors, materials and the decline in value of R&D assets, so nothing is missed. We also help you document your hypotheses, experiments and results, which AusIndustry and the ATO expect to see if your claim is reviewed. Where possible, we set this tracking up through the year, so there’s no scramble at year end.
We prepare your claim and work with our registered tax agent partners to register your activities with AusIndustry and lodge the claim through your company tax return. Registration must be made within 10 months of the end of your income year, so we plan the timing with you to make sure you don’t miss the deadline. For smaller companies, the offset can be refundable, delivering cash back into your business to fund further growth.
The r and d tax incentive requires detailed documentation to satisfy ATO and Department of Industry, Science and Resources audits. You need project records describing technical hypotheses, experiments and outcomes. Financial records must substantiate eligible expenditure including timesheets, invoices and receipts.
Lawson configures your management accounting system to capture R&D costs automatically. Our accounting and business advisory team ensures all documentation meets audit standards. We conduct a business financial health check to verify claim integrity before lodgement.
We integrate the r and d tax incentive into monthly management reporting. This provides visibility over eligible expenditure throughout the year. Our growth strategy for business approach aligns R&D investment with commercial objectives. We help you balance innovation spending with cash flow constraints.
If you would like more information on R&D tax incentives in Australia, refer to the their official website. Have you also thought of our other services like, Business DNA Report, Specialised Services, Bookkeeping to help refine you business? Also, keep an eye on our business Insights page for all the latest updates. Visit our Contact page to get started.
Any Australian company conducting eligible research and development activities can claim the r and d tax incentive. This includes software developers, manufacturers, agribusinesses, engineering firms and service businesses undertaking experimental work to resolve technical uncertainty. Your total notional R&D deductions must exceed $20,000. Lawson helps Brisbane, Gold Coast, Sunshine Coast and Byron Bay businesses assess eligibility and document qualifying activities.
The r and d tax incentive offset amount depends on your aggregated turnover and company tax rate. Businesses with turnover under $20 million may receive a refundable offset, providing cash back even if you have no tax payable. Larger companies receive a non-refundable offset to reduce tax liability. Lawson’s financial modelling quantifies your expected benefit and integrates it into cash flow forecasts and strategic and financial planning.
You must register your R&D activities with AusIndustry within 10 months of your income year end. Missing this deadline means you forfeit your claim for that year. Lawson embeds R&D activity tracking into monthly management accounting and management reporting processes, ensuring timely registration. Our business advisory team coordinates with your tax agent to meet all compliance deadlines.
Yes. Lawson integrates r and d tax incentive support with capital raising and mergers or acquisitions advisory. Robust R&D documentation enhances due diligence outcomes and demonstrates innovation capability to investors and acquirers. Our financial modelling presents R&D offsets as value drivers, improving valuation multiples. This integrated approach ensures your R&D claim supports broader growth strategy for business objectives across Brisbane, Gold Coast, Sunshine Coast and Byron Bay.
You need project documentation describing technical hypotheses, experiments and outcomes. Financial records must substantiate eligible expenditure including employee timesheets, contractor invoices, asset depreciation schedules and supplier receipts. Lawson configures your management accounting system to tag R&D costs in real time, eliminating year-end data scrambles. Our accounting and business advisory team ensures all documentation meets ATO and DISR audit standards.
