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R&D Tax Incentive Deadline - April 30 2019

R&D TAX INCENTIVE – LODGEMENT DEADLINE 30 APRIL 2019                                           

Time is nearly up to claim your Research & Development (R&D) Tax Incentive for the 2017/18 financial year.  The countdown is on!

The Australian Federal Government’s R&D Tax Incentive allows for companies engaged in innovative development designed to generate new knowledge to receive a tax offset up to 43.5% of eligible R&D expenditure incurred (offset varies according to turnover).

Last year innovative Australian companies claimed in excess of $3 billion for research and development of new products and processes.  It’s not just for the big end of town either.  Firms such as RADBE Consulting assisted SME’s with lodgement of thousands of claims across a wide range of industries.  Each year there is significant development in software, manufacturing, bio-tech and engineering companies who were born in garages, bedrooms and small offices around the country and grow to become challengers on the world stage.

The startup culture in Australia is booming and thanks to the R&D Tax Incentive innovative companies can access assistance allowing for cash to be injected back into their fledgling businesses, ensuring continuation of development.  Cash flow is often the toughest hurdle to overcome during the critical first few years of any startup.  

There are of course eligibility criteria to consider.  Eligible projects require R&D being undertaken that involves development and testing of new and innovative technologies with a high level of technical and financial risk.  Additionally, the incentive extends only to Australian companies who have incurred eligible R&D expenditure of at least $20,000 during the 2017/18 financial year.

If you believe your business meets the above criteria, then the experienced consultants at RADBE can arrange a no obligation meeting to discuss eligibility and the potential benefits you may be entitled to.

As your R&D Tax Incentive consultant, RADBE can assess your projects and guide you through what can be a daunting and time-consuming process with the goal of securing the best possible outcome for your business.

If you would like to know more please contact RADBE Consulting via our website, or call our head office on 07 3216 6242.

But act now, because the lodgement deadline is approaching fast.

Latest News

R&D Update: 2020-21 Application Deadline

Please see some important timeline updates from RADBE about the R&D Tax Incentive over the coming months.

2020-21 R&D Closing Soon
There are only 3 months remaining to finalise your R&D application for the 2020-21 financial year. R&D Tax Incentive claims for the 2020-21 financial year close in April 2022, please 
contact us or your RADBE Consultant if you are interested in pursuing a claim. 

New AusIndustry Requirement – Portal Access
The Australian Government now require all R&D Tax Incentive applications to be made through the designated AusIndustry portal. Detailed instructions can be found 
here. If you are not an established myGovID user for your business, this process may be lengthy and may impact our ability to submit an application by the deadline if not addressed soon.
Conducting R&D activities offshore?
An Overseas Finding is required where an eligible R&D activity is unable to be conducted in Australia and is subsequently undertaken overseas (excluding purchase of raw materials, off-the-shelf products, etc.). It is necessary to lodge an Overseas Finding prior to the end of the claim period (i.e. 30 June 2022) and typically occurs when facilities, equipment, environmental or biological features are not available in Australia. If you think that this may apply to you, please contact us for more information.
Doing R&D under a New Zealand company?
RADBE is now processing claims under New Zealand’s recently implemented R&D scheme, with pre-registration for 2021-22 due by May 7, 2022.

If you would like more information regarding any of the above, please
contact us.

Business Ignite Project CLOSING SOON

The Queensland Government is committed to opening Queensland back up for business in the wake of COVID-19, funding a free business education program designed to help navigate economic impact.

The program is available to small business owners, their staff, aspiring and previous operators. It provides access to online resources, including libraries, materials, activities, classes, workshops, courses, e-books, templates and tools to assist businesses in understanding and navigating a response and build a stronger future.

The program is valued at upwards of $5,000 per user, and includes coverage of:

  • Content Creation
  • Digital Marketing
  • Accounting and Finance
  • Branding and PR
  • Digitising Your Business
  • HR and Recruitment
  • Supply Chain
  • Business Basics
  • Pivot Opportunities
  • Scaling Your Business
  • Mindset and Growth
  • Networking Opportunities
  • Support and Mentoring

Contact us for more information.

Update: R&D Changes 2021

The R&D Tax Incentive is undergoing a number of reforms as part of the 2020-21 Federal Budget, including increased benefits for the 2021-22 financial year. Find out more here.

Kia ora, R&D in NZ

RADBE is now providing RDTI services in New Zealand, find out more information here.

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.

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...

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. 


Budget 2018

New information relevant to Federal Government Grants August 2018

Australia, New Zealand, and the United Kingdom
| +61 7 3216 6242
Head Office | Level 2, Building 2, 50 McDougall Street, Milton, Queensland, 4064 (Australia)
Postal | PO Box 2380, Milton Queensland, 4064 (Australia)


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