Research & Development (R&D) Tax Calculator Makes Budgeting Easier

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Submitting an R&D claim normally requires a specialised R&D tax expert to research and prepare the claim form. This often results in delays in finalizing the company’s budget for the year. As it can be a large part of the budget, estimating the claim before an expert prepares it can be a real advantage with managing cashflows.

Directors can estimate their R&D claim simply and easily using the ATO’s new R&D tax incentive calculator. You can find this calculator at:

http://www.ato.gov.au/content.aspx?ms=businesses&doc=/content/00322937.htm&alias=randdcalculator

For more information on how the R&D tax incentive operates contact either Stephen Riches or Travis Allen of this office.

Hillyer Riches is a specialist tax accountant located in Melbourne. For more information email travis@hillyerriches.com.au.


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Disclaimer:

Hillyer Riches Management Pty Ltd is a Corporate Authorised Representative (No 466483) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. AFSL / ACL No. 223135.This document contains general advice only and is not personal financial or investment advice. Also, changes in legislation may occur frequently. We recommend that our formal advice be obtained before acting on the basis of this information.

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