How to assess if your startup is eligible to claim the R&D Tax Incentive

“The end of financial year rush may still be a few months off, but April 30 should be circled in bright red on every startup’s calendar: it’s the last day to submit your R&D Tax Incentive claim.

Though startups are often working on products and services that may one day end up changing the world, the process of ‘innovating’ – less sensationally known as conducting research and development, or R&D – doesn’t come cheap.

Building out a platform, testing it, and iterating on feedback to create the world’s next big thing can be expensive, whether that’s due to the expertise required to carry out the work, the tools or equipment necessary to create, the costs of attaining the permissions needed to put a new product out into a certain market, or a whole host of other factors.” Read more

Gina Baldassarre Startup Daily 20 Mar 2017