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Research and development

Innovate and grow your business

Drive innovation
by making the most of the R&D Tax Incentive

Innovation is critical to leveraging ongoing business growth, no matter what your business ambitions are. And research and development (R&D) is a vital component in the innovation process.

R&D involves more than just traditional product development. Innovations across all aspects of business, including new products and services, enhanced processes and fresh ways of thinking and working, are all considered R&D.

The Australian Government’s R&D Tax Incentive helps reduce the cost and risk to businesses undertaking R&D activities. It provides you with access to a tax offset on eligible expenditure. 

But navigating the complex benefit thresholds and eligibility requirements can be challenging and time consuming. Without someone to guide them through the process, many businesses choose not to go ahead or keep avoiding it on their ever-growing to do list.

Our technical R&D specialists will help you maximise the opportunities that the R&D Tax Incentive presents and ensure you put your best foot forward for funding. Our experts provide tailored advice to suit your needs, and can also assist with the preparation of your R&D records in the case of an R&D tax audit.

Make the most of the R&D Tax Incentive and contact your local PKF expert.

Empowering your business through R&D
be leaders in your field

We have proven experience in extracting tax savings from improvements to processes, products and services that are often overlooked, so you can continue to build, grow and innovate. 

 

Our R&D services include:

  • Identifying and evaluating your eligible R&D activities for tax efficient outcomes
  • Preparing and lodging applications for relevant government grants and incentives 
  • Reviewing technical documentation that supports your R&D eligibility
  • Analysing your eligible R&D expenditure
  • Assistance with audit trail documents
  • Providing advice on the best way to structure your R&D projects 
  • Advice on Commonwealth and State Government grant programs 
  • Tax audit defence
Capitalise on innovation with PKF’s R&D guidance.