Deadline Approaching for the 2017 Financial Year R&D registration
The Research and Development (R&D) Tax Incentive provides a tax offset for Australian company’s eligible costs of doing eligible R&D activities by reducing a company’s income tax liability. Tax offsets of 43.5% or 38.5% are available for costs incurred on eligible activities depending on a company’s annual aggregated turnover. The 43.5% benefit is a refundable…