R&D Tax Consulting

The R&D Tax Incentive program (RDTI) is the Australian Government’s largest targeted entitlement program, aimed at assisting Australian companies in offsetting some of the costs of their R&D activities.

The program specifically supports small to medium Australian companies by providing a tax offset of 43.5%, refundable to companies in tax losses. This potential refund delivers much needed cash flow to fund ongoing and additional R&D activities. Larger companies can also receive a non-refundable tax offset at a rate of 38.5%-46.5% for their eligible R&D activities.

The RDTI program is a broad, industry based scheme operating across all industries including biotechnology, manufacturing, information technology, mining and engineering. At FB Rice we have the best technical experts in both our R&D and IP teams. Our technical capabilities enable us to translate your technical information into the R&D application, reducing the time burden on your team.

There is a complementary relationship between your R&D and IP activities and at FB Rice we strategically assess your R&D tax plans, and your IP and commercialisation strategies, throughout your R&D process. Our integrated services help companies across the full R&D and IP cycle including assistance with R&D planning, RDTI claims, funding avenues, IP protection and ultimately commercial positioning.

Our process in assessing and preparing a potential RDTI claim, includes:

• identification and assessment of eligible R&D activities and related costs
• ensure best practice compliance and documentation
• calculation of R&D expenditure
• preparation, review and lodgement of RDTI
• provision of tax schedule for accessing the offset
• analysis and process improvements.

In addition to R&D tax services, we help businesses claim reimbursement from the Export Market Development Grant (EMDG). This grant is a key Australian Government program assisting Australian businesses in developing their export markets taking their product or IP to a global stage.

We also work with companies to identify and access other government incentive programs, and can provide introductions to a range of contacts through our established networks.

With competitive pricing, we make sure you have direct access to senior expertise throughout the life of your claim. Partner, and head of our team Kate Mahady has more than 20 years of top tier R&D tax experience gained within the discipline of the top four chartered accounting firms.

With an applied physics technical background and strong industry experience, her expertise lies in understanding and applying the complex R&D Tax Incentive legislation across industries and helping clients achieve robust and supportable R&D claims.