R&D Tax Consultant - Bulletpoint

— HOW TO GET AN R&D REBATE —

top 10
R&D Tax Incentive
Consultant Tips

You could get up to 43.5% of your development costs back from a R&D grant. Check out my free Top 5 Tips to maximise the R&D Incentive to find out more.

What are my tips as an R&D tax consultant with over 10 years experience?

R&D Top 10 Consultant Tips

Over 11,000 companies claim the R&D tax incentive per year. Did you?

What is the main issue?
There is a big difference between what Business regard as R&D and what the Government deem as eligible R&D.

What are the problems with getting it wrong?
AusIndustry don’t care if you have done R&D or not, they just care what you have written on your R&D application. Once the deadline is over, you don’t get a chance to resubmit it or change it. Poor R&D applications trigger audits which are very time consuming. If you are deemed ineligible, any R&D rebates must be paid back with a 50% penalty applied.

What are my tips?
With over 10 years experience with R&D claims, I have put together my top tips in how to get it right.

Big changes for 2021 R&D Registrations

The Government has brought out a substantially new form for 2020-2021.

Previously, they wanted you to separate your ‘New Knowledge’ from your ‘Experiments’.

Now they want them linked together in an experiment.

If you label a ‘supporting activity as a ‘core activity’ – guess what…. it can be deemed ineligible and any costs associated with it will have to be paid back.

Ben Cusack. Founder of Bulletpoint and Australia’s top rated grants consultant

Australia's highest rated R&D Tax Consultant Read the 200+ Google Reviews

1,000+ successful R&D applications

Some recent feedback from clients who I have helped get an R&D grant

1,000+ successful R&D applications

Tips from 10 years of experience

What is different in 2021?

  1. Background
    Things that have changed include:
    New Knowledge
    Unknown Outcomes
    The new form is more closely aligned with the legislation and the questions are more direct
  2. New Knowledge
    Previously, AusIndustry wanted you to separate your ‘New Knowledge’ from your experiments. Now they want them linked together in an experiment.
  3. Unknown Outcomes
    The ‘Unknown Outcomes’ of the experiment will also need to be directly linked in an experiment. You will need to detail why you couldn’t predict these outcomes in advance.
  4. The Application
    The government has modified what they expect from R&D Tax applications by reworking the form. It is now more heavily skewed to describing a scientific process rather than project descriptions
R&D Top 10 Consultant Tips

R&D Tax Consultant and Government Grant Specialist

How I Can Help

GET A REBATE OF UP TO 43.5%

Right Advice

Most companies I meet don’t know how to relate what they do in terms of the Government defined R&D Tax legislation.

The other problem is some companies claim too many ineligible costs and risk an audit.

Experience

As well as being a registered tax agent, I have degrees in Engineering and Science.

I bring a scientific approach to ensure that you can maximise the eligibility of your R&D activities.

Make It Easier

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.

How I Do It

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

I also help our clients get more than just the R&D grant!

Future Industries Fund Grant Consultant

“It was an easy experience, they kept in touch and let me know how the process was working. I was kept very well informed which was really great. The general level of knowledge of my business by Bulletpoint was impressive. We have gained access to grants we wouldn’t otherwise have known about, with minimal input from our end.”

“It was an easy experience, they kept in touch and let me know how the process was working. I was kept very well informed which was really great. The general level of knowledge of my business by Bulletpoint was impressive. We have gained access to grants we wouldn’t otherwise have known about, with minimal input from our end.”

Resource Recovery Infrastructure Fund

“It was an easy experience, they kept in touch and let me know how the process was working. I was kept very well informed which was really great. The general level of knowledge of my business by Bulletpoint was impressive. We have gained access to grants we wouldn’t otherwise have known about, with minimal input from our end.”

I love government grants! No one knows more about them than me

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.

Why does the government support R&D?

The objectives of the R&D Tax Incentive program are to:

  • Boost Competitiveness and improve productivity across the Australian economy
  • Provide businesses with more predictable, less complex support
  • Improve the ability for smaller firms to engage in research and development incentive.

I have 200+ positive Google Reviews

“I emailed Ben as we had a simple query in relation to R&D lodgements for a pre and post consolidation entity and needed confirmation from a R&D specialist.

Ben had assisted us with another client previously and we had found his advice useful.

He was able to provide us with a solution within a few hours of the email”

Amy Huynh
Senior Accountant – Greenfield

“I have first come in contact with Ben when trying to understand differences  between some government grants. Two quick emails resolved my query. I am now registered for R&D grants!

Thanks Ben!

I continue reading your emails to stay on top of any new opportunities.”

Stan Zajac
Software Architect – Lake Corp

“We have worked with Bulletpoint for the last 4 years.

Ben and his Team are fantastic.

They have been great help in getting us the R&D tax incentive rebate each year and enabling our business to grow internationally.

Highly recommend.”

Brad Hayden
Director – Audition Magic

brad

But... I have been 'successful' in the past with my R&D claims

I hear this a lot. You haven’t been successful in the past, you just havent been audited. Nearly 10,000 applications are not reviewed by AusIndustry annually. But they can review it in the future. The 2021 R&D Form makes it harder for non-scientifically minded people to describe what they did as eligible R&D. But it makes it easier for AusIndustry to find non-conforming or ineligible applications

The key changes to the Core Activities

  1. Old Form – Core Activity (3,000 characters)
    Describe the core activity (3,000 characters)
  2. New Form – Core Activity (18,000 characters)
    – What was the hypothesis? (4,000 characters)
    – What was the experiment and how did it test the hypothesis? (4,000 characters)
    – How did you evaluate or plan to evaluate results from your experiment? (4,000 characters)
    – Describe your conclusions (4,000 characters)
    – What new knowledge was this core activity intended to produce? (1,000 characters)
    – Please explain what sources were investigated, what information was found, and why a competent professional could not have known or determined the outcome in advance (1,000 characters)
  3. Just a few changes
    The requirment is now much higher to apply what you did with a scientific approach

A handy step-by-step guide to everything you need to do to sell your existing property and buy your next. Print them out, stick them on the fridge and tick them off step-by-step as you move through the process of upgrading your property.

Ben Cusack

Founder of Bulletpoint

I started Bulletpoint because I enjoy working with start ups and watching them grow.

I love seeing all the new technology and innovations that people are bringing to market.

My skill is translating what you do into something that the Government wants to invest in.

Some of my best start up clients dont need me anymore.
They have leveraged grants to grow in the early stages and are now making serious money.
How good would that be!

How do I help businesses?

I tell you plain and simply what grants are available to you at no cost. Most of the time I tell potential clients not to bother applying for grants. But some clients, I wait for the right moment!

No Bullshitting!

If I recommend a grant to you, I also tell you all the reasons why you would and wouldn’t get it. So you can make an informed decision.

Need help getting it?

If you need help with the writing of the grant then I can make the process much easier and increase your chances of getting funded.

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R&D Top 10 Consultant Tips

Top 10 Consultant Tips to Maximise the R&D Tax Incentive