R & D Tax and Grant

Accounting an Tax

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R & D Tax and Grant

The federal government’s R&D tax incentive is designed to encourage innovation and entrepreneurship in Australian businesses. Businesses can access a tax refund or pay less tax based on their investment in eligible R&D projects throughout the financial year. The offset is generous for early-stage businesses and can result in a cashback of more than 40% of expenditure for businesses in a tax loss position.

Navigating the complex process of R&D tax incentives and other business grants can be overwhelming, leading to missed opportunities. Our R&D Tax and Grants experts can guide you through the entire process. Furthermore, we can help you assess and access other business grants and incentives, including the Export Market Development Grant (EMDG) and Early Stage Innovation Company (ESIC) incentive.

Rather than attempting to navigate the complicated process alone, speak to one of our experts to guide you through the process. At JTCA, our R&D tax and grants specialists can provide expert guidance and support throughout the entire process.

Call us today for a meeting

Review and identify R&D activities or EMDG eligibility.

Review internal documentation to substantiate the claim.

Prepare, calculate, lodge, and claim with proper application.

Respond to requests for information from different government agencies.

General Ask

Can you help with tax planning and preparation?

Absolutely! Our accountancy firm specializes in comprehensive tax planning and preparation services for individuals and businesses. Our experienced team of professionals stay updated on tax laws, ensuring accurate and timely filing. We'll analyse your financial situation, identify tax-saving opportunities, and develop strategies to minimize your tax liability. Let us streamline your tax process, allowing you to focus on your financial goals and achieve peace of mind.

Contact us today for tailored tax solutions to suit your unique needs.

How do you charge for your services?

Our accountancy firm primarily operates on a fixed-fee basis, ensuring transparency and predictability for our clients. We understand that every client has unique needs, so we customize our services accordingly. In addition to fixed fees, we also offer hourly rates and monthly retainer packages when appropriate. Our initial consultation is often complimentary, allowing us to discuss your specific requirements and provide a tailored quote. This approach guarantees that you receive excellent value while maintaining full control over your budget. Contact us to schedule your free consultation and receive a personalized pricing proposal.

What software and tools do you use?

We utilize a variety of software and tools, including Xero, MYOB, QuickBooks, and Reckon, which are popular accounting platforms in Australia. As certified advisors, we not only provide expert guidance but also offer training and virtual office assistance to help businesses streamline their financial processes. Our comprehensive solutions ensure clients have access to efficient, tailored, and reliable accounting services.

How often do you communicate with clients?

At our accountancy firm, we prioritize open communication and strive to maintain frequent interactions with our clients. We understand the importance of timely responses; therefore, we make it our mission to get back to clients within 24 hours for any questions or concerns they may have. Our team believes in building strong relationships through consistent and transparent communication, ensuring our clients feel valued and well-informed throughout our partnership.