RnD | Vebiz

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Get a premium on top of your corporate tax rate
for your eligible research and development activities
with the R&D Tax Incentive!

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Contact us now to get started.
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Do you know how your business structure can affect whether you can claim R&D?
Are you planning to scale your business?
How do you separate costs incurred on R&D activities from ordinary activities?

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Did you receive any government grants?
Is your R&D aligned with your business strategy?
Is your R&D directly or indirectly related to producing goods or services?

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If your company has an aggregated turnover of:

Less than $20 million

You may receive a refundable R&D offset rate equal to your corporate tax rate plus an 18.5% premium.

$20 million of more

You may receive a non-refundable R&D tax offset rate equal to your corporate tax rate plus an incremental premium.

Premium increments are based on the intensity of your R&D expenditure as a proportion of total expenditure for the year. There are two premium increments:

R&D intensity up to 2% receives a tax offset equal to your company tax rate plus 8.5% premium.
Additional R&D intensity above 2% receives a tax offset equal to your company tax rate plus 16.5% premium.

From 1 July 2021, if your eligible expenditure exceeds $150 million for an income year, the tax offset is calculated using your company tax rate.
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EMDG Consultants

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Registered Tax Agents

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Over 20 Years in Funding

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Success Based Fee Structure

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What is R&DTI?
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The R&D Tax Incentive is a business assistance program administered by the Australian Government to encourage and support businesses to undertake R&D activities that they may not otherwise be willing to attempt.

For income years commencing on or after 1 July 2021, the R&D Tax Incentive provides the following tax offset:

R&D entities with aggregated turnover of less than $20 million are entitled to a refundable tax offset that is fixed at 18.5 percentage points above the company’s tax rate. If the tax offset exceeds the entity’s tax liability, the balance is paid to the entity in cash.
For R&D entities with aggregated turnover of at least $20 million, the non-refundable tax offset will be set at the company’s tax rate plus 8.5 percentage points for R&D expenditure between 0 and 2% R&D intensity, and 16.5 percentage points for the portion of R&D expenditure above 2% R&D intensity. R&D intensity is the portion of the company’s total expenditure that is identified as being R&D expenditure.

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Who should apply for the R&DTI?
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You should take a closer look at the R&DTI if you:

are incorporated under Australian or a foreign law
conduct or plan to conduct one or more eligible core research and development activities
have eligible R&D expenditure greater than $20,000 (if your expenditure is less than $20,000 you can still claim the tax offset by using a registered RSP to conduct your R&D).

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What are ‘eligible R&D activities’?
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There are two types of R&D activities that could be eligible for the RDTI: core and supporting.
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[av_row row_style=’avia-heading-row’ av_uid=’av-bilg2h’][av_cell col_style=” av_uid=’av-9a553d’]Core Activities[/av_cell][av_cell col_style=” av_uid=’av-7dg5bd’]Supporting Activities[/av_cell][/av_row]
[av_row row_style=” av_uid=’av-6j56mh’][av_cell col_style=” av_uid=’av-gwyjt’]The RDTI requires the taxpayer to conduct at least one core activity during the income year, which has three key elements:

• New technical knowledge. The activity is carried out for the purpose of generating new knowledge in the form of new or improved materials, products, devices, processes, or services.

• Technical uncertainty. The outcome of the activity can’t be known based on current knowledge, information, or expertise.

• Experimentation. The activity is experimental in nature, based on the principles of established science and requires the necessary steps of hypothesis, observations, and evaluations leading to logical conclusions.[/av_cell][av_cell col_style=” av_uid=’av-2iwa6h’]Supporting R&D activities are also eligible for the incentive and are necessary for the core R&D activities to be conducted. These include:

• Preliminary research
• Project management
• Data collection
• Chemistry, manufacturing, and controls (CMC) processes[/av_cell][/av_row]
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About Vebiz
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In the last 20 years Vebiz has helped thousands of companies gain government assistance.

Some of our clients include: Cyclopharm Ltd, Macquarie Medical Imaging, Ocular Robotics, Skye Group, Tiger Lily, Australian Apparel, Iku Wholefoods, Kirstin Ash, Posh Foods, Paolo Sebastian, Song for the Mute, New Directions Australia, Australian Culinary Foods, Australian fashion Chamber, Delkor Rail, Don’t Do Pretty, Munster Kids.

We can help you pinpoint the right grant program and then simplify the application process.

Your business is likely to receive assistance if you meet this general objective – and know which boxes to tick, how to tick them – and when.

In our experience most applicants need support in order to obtain it. A high quality application has a greater probability of success.
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[av_image src=’https://www.vebiz.com.au/wp-content/uploads/2020/01/stuart-smith-180×180.jpg’ attachment=’581′ attachment_size=’square’ copyright=” caption=” image_size=” styling=” box_shadow=’none’ box_shadow_width=’10’ box_shadow_color=” align=’center’ font_size=” overlay_opacity=’0.4′ overlay_color=’#000000′ overlay_text_color=’#ffffff’ animation=’no-animation’ animation_duration=” animation_custom_bg_color=” animation_z_index_curtain=’100′ parallax_parallax=” parallax_parallax_speed=” av-medium-parallax_parallax=” av-medium-parallax_parallax_speed=” av-small-parallax_parallax=” av-small-parallax_parallax_speed=” av-mini-parallax_parallax=” av-mini-parallax_parallax_speed=” hover=” appearance=” css_position=” css_position_location=’,,,’ css_position_z_index=” av-medium-css_position=” av-medium-css_position_location=’,,,’ av-medium-css_position_z_index=” av-small-css_position=” av-small-css_position_location=’,,,’ av-small-css_position_z_index=” av-mini-css_position=” av-mini-css_position_location=’,,,’ av-mini-css_position_z_index=” transform_perspective=” transform_rotation=’,,,’ transform_scale=’,,’ transform_skew=’,’ transform_translate=’,,’ av-medium-transform_perspective=” av-medium-transform_rotation=’,,,’ av-medium-transform_scale=’,,’ av-medium-transform_skew=’,’ av-medium-transform_translate=’,,’ av-small-transform_perspective=” av-small-transform_rotation=’,,,’ av-small-transform_scale=’,,’ av-small-transform_skew=’,’ av-small-transform_translate=’,,’ av-mini-transform_perspective=” av-mini-transform_rotation=’,,,’ av-mini-transform_scale=’,,’ av-mini-transform_skew=’,’ av-mini-transform_translate=’,,’ link=” target=” title_attr=” alt_attr=” img_scrset=” lazy_loading=’disabled’ id=” custom_class=” template_class=” av_element_hidden_in_editor=’0′ av_uid=’av-5u9ouu’ sc_version=’1.0′ admin_preview_bg=”][/av_image]

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Stuart Smith
Director

Registered Tax Agent
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[av_image src=’https://www.vebiz.com.au/wp-content/uploads/2020/01/robert-jones-180×180.jpg’ attachment=’582′ attachment_size=’square’ copyright=” caption=” image_size=” styling=” box_shadow=’none’ box_shadow_width=’10’ box_shadow_color=” align=’center’ font_size=” overlay_opacity=’0.4′ overlay_color=’#000000′ overlay_text_color=’#ffffff’ animation=’no-animation’ animation_duration=” animation_custom_bg_color=” animation_z_index_curtain=’100′ parallax_parallax=” parallax_parallax_speed=” av-medium-parallax_parallax=” av-medium-parallax_parallax_speed=” av-small-parallax_parallax=” av-small-parallax_parallax_speed=” av-mini-parallax_parallax=” av-mini-parallax_parallax_speed=” hover=” appearance=” css_position=” css_position_location=’,,,’ css_position_z_index=” av-medium-css_position=” av-medium-css_position_location=’,,,’ av-medium-css_position_z_index=” av-small-css_position=” av-small-css_position_location=’,,,’ av-small-css_position_z_index=” av-mini-css_position=” av-mini-css_position_location=’,,,’ av-mini-css_position_z_index=” transform_perspective=” transform_rotation=’,,,’ transform_scale=’,,’ transform_skew=’,’ transform_translate=’,,’ av-medium-transform_perspective=” av-medium-transform_rotation=’,,,’ av-medium-transform_scale=’,,’ av-medium-transform_skew=’,’ av-medium-transform_translate=’,,’ av-small-transform_perspective=” av-small-transform_rotation=’,,,’ av-small-transform_scale=’,,’ av-small-transform_skew=’,’ av-small-transform_translate=’,,’ av-mini-transform_perspective=” av-mini-transform_rotation=’,,,’ av-mini-transform_scale=’,,’ av-mini-transform_skew=’,’ av-mini-transform_translate=’,,’ link=” target=” title_attr=” alt_attr=” img_scrset=” lazy_loading=’disabled’ id=” custom_class=” template_class=” av_element_hidden_in_editor=’0′ av_uid=’av-3xorom’ sc_version=’1.0′ admin_preview_bg=”][/av_image]

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Robert Jones
Director

Registered Tax Agent
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Vebiz is a specialised Grants Consulting Firm
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We can help you pinpoint the right grant program and then simplify the application process for you.

We are dedicated to helping you save time and get the grant tailored to your industry and needs.
We are a team with a passion of helping businesses get the support they need.
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We’ve Helped Over 1,000 in more than 20 Years of Experience
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