{"id":751,"date":"2015-11-03T07:18:27","date_gmt":"2015-11-03T07:18:27","guid":{"rendered":"http:\/\/ausgrant.com.au\/?p=751"},"modified":"2017-05-31T04:31:41","modified_gmt":"2017-05-31T04:31:41","slug":"responding-to-4-key-questions-about-the-rd-tax-incentive","status":"publish","type":"post","link":"https:\/\/ausgrant.com\/au\/responding-to-4-key-questions-about-the-rd-tax-incentive\/","title":{"rendered":"Responding to 4 Key Questions about the R&D Tax Incentive"},"content":{"rendered":"

\"bookkeeping-615384_640\"<\/a>If you are just in the preliminary stages of a business you may not be acquainted with the Research and Development (R&D) Tax Incentive scheme obtainable from the Australian government. The incentive\u00a0helps businesses by offsetting some of the costs of performing R&D. Many companies are not aware of what institutes as research and development, consequently missing out on a significant cash injection for their business. We\u2019ve delved into 4 common questions below to provide you with more information on the R&D Tax Incentive:<\/p>\n

1. What is the R&D Tax Incentive?<\/strong><\/p>\n

If you\u2019re conducting research in Australia, then the R&D Tax Incentive is one of the most efficient forms of support. Under the scheme, the government provides companies with up to 43.5 cents back for every eligible dollar. The research doesn\u2019t have to involve creating vaccines or launching rockets, but rather, any firm who is developing or improving products, processes, or software may be eligible.<\/p>\n

The R&D Tax Incentive currently has two core components:<\/p>\n