R&D Tax Incentive

Driving Innovation through R&D Tax Incentives

As champions of the technology and emerging growth sectors, Azure Group continues to achieve the highest success rate possible in securing government grants for our clients, with a particular focus on the Research and Development Tax Incentive (R&D Tax Incentive). 

We have extensive experience in assisting businesses to secure R&D government grants. Our team of experts has a deep understanding of the eligibility criteria, application process, and compliance requirements of R&D grants. We work hand in hand with our clients to ensure they receive the funding they need to drive innovation and growth. 

What is the Australian R&D Tax Incentive?

The Australian R&D Tax Incentive is a government program designed to encourage businesses to conduct research and development initiatives. The program provides tax credits and grant funding to eligible businesses that undertake eligible activities.  

The R&D Tax Incentive is a significant source of funding and opportunity for businesses in Australia, with over $3 billion in benefits claimed annually. 

How we Help you with the R&D Grant Applications

Our team of R&D specialists are experienced in creating successful outcomes in R&D grant applications like the Australian R&D Tax Incentive. We thoroughly understand the eligibility criteria and application process and can provide guidance and support, from the initial application through to compliance and reporting. 

To learn more about the R&D Tax Incentive CLICK HERE
 

Azure Group has a proven track record of successful Research and Development Tax Incentive (R&D Tax Incentive) Claims. Our team of R&D experts has extensive experience in preparing and supporting R&D Tax Incentive applications across a wide variety of industries including: manufacturing, software, health and agriculture.

Our R&D Grant Services include:

• Eligibility Assessment
  Our team will work with you to determine if your business is eligible for the R&D grants you are considering. We will assess your R&D activities and expenditure, review your financial records, and provide a comprehensive eligibility assessment before we go further.
• Application Preparation
  We will prepare and submit your R&D grant application, ensuring it meets all the eligibility criteria. Our team will ensure your R&D activities and expenditures are strategically positioned to provide the strongest R&D application possible.
• Compliance and Reporting
  We understand the compliance and reporting requirements associated with R&D grants in Australia. We will help you stay compliant with accurate record-keeping, reporting, and audit support.

Maximising R&D Tax Credits and Grant Funding

We have extensive experience in making the most of R&D tax credits and grant funding. We’ll help build your case for the greatest amount of funding available, and then put that funding to use in the most efficient way.

Benefits of working with us on R&D Grants

When you work with the Azure Group team for R&D grant applications, you can expect:

• Expert guidance and support from our first meeting until completion
• Increased likelihood of approval
• Compliance with all regulatory requirements
• Maximisation of R&D tax credits and grant funding

Other Government Grants Available

In addition to the Australian R&D Tax Incentive, there are other Government grants available in Australia. As champions of the technology and emerging growth sectors, Azure Group has a proven track record on securing Government grants, with a particular focus on the Research and Development Tax Incentive (RDTI), the Export Market Development Grant (EMDG) and the Minimum Viable Product (MVP) Ventures program.

The EMDG is a government program that provides funding to eligible businesses that promote their products and services in international markets. The grant can cover up to 50% of eligible expenses, including marketing and advertising.

The MVP Ventures Program provides up to $200,000 in matched funding to commercialise innovative products in New South Wales (NSW). To get up to $200,000 in funding, it is essential to meet the program’s eligibility criteria and go through the application process.

The RDTI is a government program that provides tax offsets for eligible R&D activities. The RDTI has two tiers: a refundable tax offset for businesses with a turnover of less than $20 million and a non-refundable tax offset for larger businesses.

Our team has extensive experience in securing RDTI tax offsets for businesses of all sizes. Get in touch today to start on your journey towards innovation.