What is the R&D Incentive?
The Incentive is a scheme designed to give money back to people developing something new.
Is this you?
Are you developing a new product or process? Are you an Australian company?
If so, you could get up to 43.5% of your development costs back.
Check out my free Top 5 Tips to the R&D Incentive to find out more.
Most companies I meet don’t realise what they are doing qualifies for the R&D tax incentive.
They are either not claiming because they have never heard about the R&D Tax Incentive or under-claim because they are conservative.
As well as being a registered tax agent, I have degrees in Engineering and Science.
I help you to apply a scientific approach to your activities to ensure that you can maximise the eligibility of your R&D activities.
I know that you would prefer to be working on your business rather than filling out forms.
My approach is to simplify the process and minimise the burden on you.
I want you to keep innovating.
I work with your technical team to determine your eligible R&D activities.
I work with your finance team to determine your eligible R&D expenses.
I work with your accountant to prepare your Income Tax Return
Over 70% of eligible small businesses could claim the R&D Tax Incentive,
but they don’t!
In fact, only 1% of companies apply for the R&D tax incentive.
I will give you a quick snapshot into what the R&D Tax Incentive is without all the government speak.
Many companies are doing some form of R&D and qualify for the rebate, but just dont know it.
My tips are insider tricks to understanding and better approaching the Incentive, including:
1. How to think about R&D differently
2. How you can make your costs eligble
3. How to provide evidence of R&D activities
4. How to find other costs to boost your claim
5. How to avoid potential ineligible activities
A step-by-step guide that avoids 'Government speak' on the R&D Tax Incentive.
I will give you my top 5 tips on maximising your claim. From eligible activities to eligibe expenses.
Call 1300 658 508
Feedback from some of my clients
I have already recommended another business to contact Bulletpoint. They have been professional and proactive; I'm always a bit slow in putting information together and they've been good in following that up with me, and they demonstrate a good understanding of research and development. They have a good amount of technical knowledge and Ben was very good to deal with; he was patient and persistent in following up matters and information with me but he didn't do that in a harassing way. I didn't feel overly pressured by him. We won't however be using their services again as we won't be putting in another R&D claim.
The guy who we dealt with in regards to the R&D claim was good to work with; he was very concise, clear and helped us work out what we needed to pull out of our system. When doing an R&D claim you have to go through all types of paperwork such as what projects you've done and verification is required from your accountant for any claims. Ben was clear with his instructions of what information we needed. He made the process easy for us because in the beginning we both felt a little daunted due to the amount of information we needed to get. He was very patient and understanding; after we spoke to him we simply felt reassured about everything. He was a nice, regular guy to deal with.
I would definitely recommend Bulletpoint. In regards to my recent experience with them, they were reliable and they were overall, fine to deal with. They were reliable in helping us work out our financials and with reporting. They were efficient in providing us with feedback and information on what they needed from us and they followed through with the work. They helped us identify our areas of expertise and that was probably one of their main strengths. They helped us distinguish between what's real R&D and what is not.
Despite the Government’s efforts to cut red tape, grants still take a long time to write and prepare.
They can also be pretty complex.
There is also a big difference between submitting an application and submitting a winning application.
I am to simplify the grant application process so that you can concentrate on running your business
We assist with completing the AusIndustry Activity Registration and the ATO R&D Tax Incentive Schdedule 2018
Call 1300 658 508
Here are some recent successes of mine for other grants
Bulletpoint assisted Harry & Larry’s Ice-cream secure $1,200,000. Based in Brunswick, Harry & Larry’s manufacture a range of specialty ice creams.
The grant will see 30 new jobs created and investment in a factory expansion with custom engineered production lines, including the latest freezing technology, to make a range of gourmet ice creams and desserts in complex shapes and layers.
Bulletpoint assisted the Greater Shepparton City Council secure $7,190,000 for the Greater Shepparton Regional Sports Precinct.The project will substantially expand the capacity of the 65 hectare sports precinct by building five new football fields, a new synthetic hockey pitch and athletics track, eight new netball courts and upgrades to the existing multipurpose fields.
Bulletpoint assisted KHA secure $1,040,000 for a National Education Program for End Stage Kidney Disease.The project will support the development of comprehensive education to support the patient journey towards home dialysis potentially saving $430 M.