Pharmaceutical R&D: Tax and Funding Incentives
Pharmaceutical R&D is known to be highly intensive and a long-term process, so it is of great importance to understand what government funding and incentives are available
Without the competitive nature of other grants, the R&D Tax Incentive provides an essential & reliable source of funding to businesses pursuing innovative technology. Over $2 billion in government funding is paid every year.
Obtaining the grant is not as straight forward with regular reviews and audits every year by the ATO to help keep the integrity of the grant in check. A proactive approach is required to both pass an audit with compliance requirements and optimise the benefit where possible.
Fullstack helps founders navigate through the red tape to deliver a high quality R&D Tax Incentive application process. We cover some of the relevant points of interest and other worthwhile grants below.
Pharmaceutical R&D is known to be highly intensive and a long-term process, so it is of great importance to understand what government funding and incentives are available
With the proliferation of providers in the R&D Tax space, it can be difficult to sort the wheat from the chaff. To assist you in finding the right fit, we have compiled some questions that will assist you in this process.
When beginning your start-up journey, it is important to ensure that you give yourself the greatest chance for success. Maximise the cash refunds available on your eligible R&D activities in Australia.
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Although it may sound like a catchy slogan for a government R&D policy, R&D Clawback simply refers to the rules governing the extra tax you must pay on funds received from Government already for your R&D spend – read on for the details.
Essential to claiming the RDTI is hypothesis driven research. We cover learnings from guidance material and provide professional insights about the construction and documentation of valid hypotheses.
Looking for the best government grants for startups? Some of these should be your first port of call as you’re getting started on your business.
How does the 2020 Federal budget impact access to the R&D Tax Incentive? Read on to find out more.
Wanting to optimise your R&D Tax Incentive claim, whilst ticking all the boxes? Read on as we cover the pre June 30 process so you can have an application ready to lodge in July.
It’s important to ensure R&D record keeping is in place before making a claim. Cover the essentials in R&D Tax Incentive substantiation.