Tax Refunds or Tax Credits

Getting money is obviously beneficial. But not having to pay it amounts to the same thing, and can even be better. The government offers a variety of programs that decrease your tax burden, including programs that provide a lower tax rate for small businesses, award tax credits for hiring eligible apprentices, and provide investment tax credits for qualified expenditures in R&D.

For example, the Research and Development Tax Concession program is a federal tax incentive program to encourage Australian businesses of all sizes and in all sectors to conduct research and development in Australia that will lead to new, improved, or technologically advanced products or processes.

Consider the advantages for those projects that qualify. Australian-controlled private corporations can earn an a tax credit of up to 125 percent of qualified expenditures for R&D carried out in Australia. You receive a full tax deduction in the year you incur the expenses. You may even be able to carry over R&D deductions to subsequent years.

And what if your project's a dud? Even if the R&D is ultimately unsuccessful, you have still earned the credits.

Finally, if the project is something you are going to do anyway, filing for your tax claim is a no-brainer… it's free money back!

Find out if you qualify for Tax Refunds or Tax Credits

Do you qualify? Call now...

1800 796 018

Obtain government funding for your Australian small business. Call 1800 813 863 or write
Australia Business Financing Centre, 2/145 Endeavour House, Captain Cook Crescent, Canberra, ACT 2603

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