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June Newsletter RADBE Consulting

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Tax planning may sound boring to everyone except accountants, but it is an integral part of running a business. Without appropriate planning, many SME’s find themselves overpaying tax or with unnecessary cashflow shortfalls. It is important to incorporate government grant opportunities into this process by ensuring eligibility requirements are being met and the correct structures are in place prior to 30 June.

Research & Development Tax Incentive (Federal)

  • For companies undertaking projects in the 2018 financial year that involve development and testing of new and innovative technologies with a high level of technical and financial risk
  • Eligibile for Australian companies only who have incurred eligible R&D expenditure of at least $20,000
  • Applications are open from 1 July 2018 until 30 April 2019 for R&D projects relating to the 2018 financial year
  • Essential tax planning activities prior to June 30:
  • Checking your business meets basic eligibility requirements
  • Estimate (as accurately as possible) R&D expenditure for the financial year O Ensuring R&D expenditure has been accounted for in the correct entity
  • Making sure that transactions between related parties have been correctly made and accounted for (invoices, GST, etc.)
  • Ensuring that appropriate documentation is in place (license agreements, loan agreements)
  • See for more info


Export Market Development Grant (Federal)

  • Reimburses up to 50% of eligible marketing costs related to developing export markets and securing overseas sales
  • For Australian businesses with a minimum of $15,000 in eligible export promotional expenditure
  • Applications are open from 1 July 2018 until 30 November 2018 for marketing expenditure paid in the 2018 financial year (first-time applicants can combine 2 consecutive financial years)
  • Essential tax planning activities prior to June 30:
  • Checking your business meets basic eligibility requirements
  • Ensuring expenditure related to overseas marketing have been paid by the business
  • Checking that the appropriate structures are in place for sales made to overseas customers
  • Making sure that the necessary documentary evidence is in place to ensure maximising of the claim (receipts, travel logs, consulting agreements, etc.)

Go to for more information

The experienced team at RADBE Consulting are on hand to provide advice, assist with application planning and preparation to ensure our clients maximise the benefits received. Please contact us on (07) 3216 6242 or for additional information on these grants as well as others you may be eligible for.

Latest News

Budget 2018

New information relevant to Federal Government Grants August 2018

September Update for State based Government Grants


In the 2018 budget the Queensland Government injected an additional $73 million over 4 years into the Advance Queensland Program bringing the total available funds to $650 million. 


New RDTI Guidance Article

The guidance outlines how companies undertaking software development will have to be more specific with making sure that activities meet the government’s definition of research and development, and keep better records of the activities...

RDTI Concerns Raised in Estimates 26/02/19

The research and development tax incentive (RDTI) was a main focus during the Department of Industry’s appearance at senate estimates on Thursday afternoon.

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