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What is it?

The Australian Federal Government's Research and Development (R&D) Tax Incentive is a broad based, market-driven program that aims to boost company competitiveness, improve productivity and deliver economy-wide benefits to Australia.

It provides generous benefits for eligible activities in innovation, research and development. So why not have a look to see if your business can benefit from this scheme?

 

What does it do?

With the R&D Tax Incentive you can claim your business' expenses on innovative activities, scientific research and development of new products & solutions to receive a refundable tax offset of 43.5%.

Who can apply?

The R&D Tax Incentive helps businesses who have already spent over $20,000 on their research and development , or have conducted their R&D through a Research Service Provider or Co-Operative Research Centre.

How to start

You can start by downloading the R&D fact sheet below, or if you're ready to get in touch then talk to Grant, our free grant eligibility checking tool.

100% of applications we have processed for our clients have been successful.
This is over $10,000,000 in R&D expenditure which has been reimbursed.

Leverage your innovations and be rewarded

We often hear from clients that they don't think they are eligible for a grant, so they don't even bother looking! We want to help you shift this way of thinking. By working with experts who can assess your situation you will be able to make an informed decision which will make the best financial impact for your business. At IGNITE Innovation, we're here to help.

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100% Success Rate

We've prepared 100's of R&D Assessments over the years, of which every single one has been approved and our clients have been granted their tax reimbursement.

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43.5% Refund

If your business has made less then $20 million than it is eligible for the full 43.5% tax offset amount on your R&D spend. So if you spent $100,000 on your R&D project this year, then you'll be able to offset $43,500 of your tax.

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0% Of Your Time Wasted

We understand that you don't have much spare time, so we make sure not to waste any of it. We'll keep you updated throughout the process, and will only need a little of this precious resource to get everything sorted.

Keep on track with powerful tools

IGNITE Innovation uses a comprehensive suite of tools to ensure we are accountable, we can monitor exactly where your claim is in the pipeline, and we can maintain quality service without sacrificing agile service.

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Our professional experience

IGNITE Innovation is a hand-picked team of eagle-eyed corporate accountants, tax-agents and ex-government employees who know exactly how the system works, and how to best help you get a grant. This experience is honed by our financially focused management, who stay on top of your application every step of the way, and ensure nothing slips through the cracks.

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Registered Tax Agents
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Some previous successes

Our clients have ranged from technologically savvy farmers, to national freighting and storage companies. We've helped start-ups and sole-traders gain traction with their ideas so they can make their goals reality. We have also been able to secure grants for tattoo artists, arcade machine operators, shed builders, artificial intelligence developers, and just about everything in between. If you're still not sure if you're eligible, why not talk to Grant for some more help?

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Catombal Farming
Plan A Logistics

The latest innovation news and updates

Looking for more information?

For more information about the R&D Tax Incentive, download our fact sheet. In it you'll find:

  • Detailed information about entitlements
  • Eligibility requirements
  • Our process and fees
  • How you receive your benefits
  • How to contact the IGNITE Innovation team