Simpson Reynolds & Associates
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Simpson Reynolds & Associates Details
We take a different view to most other companies out there in the fact that we have in-house capabilities to draw on that could not only see your business receive a cash injection for past activity, but can also help you put in place long term strategies for the development of your business.R&D Tax Incentive The Research and Development (R&D) tax incentive was introduced by the Australian Taxation Office as a way of encouraging eligible companies to innovate and conduct research activity that benifts Australia. For qualifying companies with a turnover of less than $20 million there is a refundable tax offset of 45%(which is equivalent to a 150% deduction). All other entities can receive a non-refundable tax offset of 40% (which is equivalent to a 133% deduction). Business Grants In addition to the generous R&D Tax Incentive, there are a number of other grants and funding available for companies through various sources. When working with our clients we make sure that you are kept abreast of the latest funding opportunities and advise you accordingly. At our initial consultation we will be in a position to let you know what funding you may be eligible to receive and we would present our recommendations at this point. Business DevelopmentSometimes it takes a fresh pair of eyes to recognise untapped potential in your business. By using an external consultant you can leverage off their experience across many different industries to implement best practice into your venture. If you are working with us it means that we will be accessing funding that may last for up to 5 years. Using these resources to build a sustainable, profitable business model would be a great outcome.
