R&D tax made simple so you can keep making it happen
Each year, startups and scale ups across Australia use the R&D Tax Incentive to build and grow, without giving up equity.
But it can be complex and time sapping. That’s why we handle it for you with a simple process and uniquely simple fees where you’ll know what it’ll cost, from the outset.
We’re not afraid of complex claims though. With hundreds of tech and startup clients, R&D complexity is our bread and butter.
- Refunds of up to 43.5%
- R&D tax expertise
- Simple fee structure
- R&D finance option
- No refund, no fee
“John and the team have really understood our R&D story from day one, and have always had a plan for it. We’re in the third year of working together now, and it’s been really great.”
“R&D tax is an annual critical source of funding for us and we’ve used Standard Ledger since the beginning. It’s also been crucial to have the R&D finance option to get us through until we could get some more funding.”
Simple fees so you know what to expect
We do R&D pricing a bit differently – instead of taking a percentage of your final refund, we use a flat fee based on your R&D spend so you’ll know the cost up front:
- $4,000 for an R&D spend up to $100k
- $5,000 for a $200k spend
- $6,000 for a $300k spend
- $7,000 for a $400k spend
- $8,000 for a $500k spend
- $9,000 for a $600k spend
- $11,000 for a $700k spend
- $13,000 for a $800k spend
- $15,000 for a $900k spend
- $17,000 for a $1M spend
- POA for a spend over $1M
Prices exclude GST
Additional fees might apply (but we’ll always talk to you first) for extra complexity or preparing technical descriptions.
Note that you need to submit a tax return to receive R&D tax back (we do those too).
How it works
1. Eligibility
We’ll suss this out together. Your company needs to be eligible and so do your project activities and their costs.
2. Narrative
We’ll craft the narrative that supports your claim. If you need us to prepare your technical descriptions, we might need to charge extra but we’ll discuss it first.
3. Calculation
We’ll calculate the expenses you can claim (up to a 43.5% tax offset on eligible expenditure in prior financial year).
4. Application
We’ll bring it all together in your AusIndustry application. We’ll also prepare the tax schedule that needs to be lodged alongside your company tax return with the ATO. Remember, this is an annual opportunity!
5. Register + pay
AusIndustry will register your application – registration deadline is 30 April for the previous financial year ending 30 June. Then we’ll ask you to pay our fee.*
6. Cash injection
What you receive depends on turnover (under $20M?) and profitability. If you’re profitable, your company tax will be reduced by 18.5% of eligible expenses. If you have enough tax losses, you’ll receive 43.5% of your eligible expenses back as cash. (If you have over $20M turnover, it’s more complicated).
* Our ‘no refund, no fee’ policy means if we don’t progress to lodging your claim for any reason, there are no fees.
How it works
1. Eligibility
We’ll suss this out together. Your company needs to be eligible and so do your project activities and their costs.
2. Narrative
We’ll craft the narrative that supports your claim. If you need us to prepare your technical descriptions, we might need to charge extra but we’ll discuss it first.
3. Calculation
We’ll calculate the expenses you can claim (up to a 43.5% tax offset on eligible expenditure in prior financial year).
4. Application
We’ll bring it all together in your AusIndustry application. We’ll also prepare the tax schedule that needs to be lodged alongside your company tax return with the ATO. Remember, this is an annual opportunity!
5. Register + pay
AusIndustry will register your application – registration deadline is 30 April for the previous financial year ending 30 June. Then we’ll ask you to pay our fee.*
6. Cash injection
What you receive depends on turnover (under $20M?) and profitability. If you’re profitable, your company tax will be reduced by 18.5% of eligible expenses. If you have enough tax losses, you’ll receive 43.5% of your eligible expenses back as cash. (If you have over $20M turnover, it’s more complicated).
* Our ‘no refund, no fee’ policy means if we don’t progress to lodging your claim for any reason, there are no fees.
Eligibility (just quickly)
You
- Must be a company that is developing (or planning) a unique, non-trivial software, hardware, engineered or manufactured product, process or service
- Need to be able to describe these developments as a series of experiments with unknown outcomes from which you’ve learned along the way
Your costs
- Must total at least $20,000 on eligible R&D expenses in the last financial year
- That can include employees and Australian contractors
- Can also include equipment, rent and other R&D related overheads
R&D finance
What if you need cash before R&D tax time rolls around? This is where R&D finance can help.
R&D finance is a loan against your expected R&D Tax Incentive refund. You pay it back when your R&D refund comes in. It’s a strategic choice to keep building and growing, without diluting your equity.
We work with Radium Capital to access this for our clients. They lend up to 80% of your expected R&D tax refund in one payment or in quarterly instalments.
Pricing
Let our expertise maximise your claim.
You deserve it.
scale ups
