The Research and Development Tax Incentive (R&DTI) regime has been one of the Australian Government’s key mechanisms to support innovation in Australia since 2011. The R&DTI provides significant benefits to both Australian and foreign companies undertaking R&D activities in Australia by offering a tax offset for companies conducting eligible R&D activities. It encourages investment in R&D to help your company to grow and innovate which generates benefits for the Australian economy. Depending on their turnover, businesses may be eligible for a refund or tax credit. Eligible ventures with an aggregated turnover of under $20 million can receive up to 43.5 cents for every R&D dollar they invest.
This workshop aims to provide you with comprehensive insights and practical guidance on leveraging R&DTI to maximise the value of your research and development activities. During this workshop we will explore the various aspects of the R&DTI program, including its eligibility criteria, claimable expenses, and documentation requirements. We will delve into the specific challenges and opportunities that connected health SMEs face in claiming incentives, ensuring that you have a clear understanding of how to navigate the R&DTI regime.
Our expert speakers Antoinette Quinlan and Simon Bowles from the Deloitte’s Global Investment and Innovation Incentives (Gi³) group and Tim Hynes from Radium Capital, will share their knowledge and vast experience, provide valuable tips and strategies for optimising your R&D tax claims and other financing programs which eligible companies can access. A number of relevant case studies and success stories will be highlighted, demonstrating how the RDTI has been successfully utilised by companies to fuel their growth and innovation.
At the conclusion of the workshop, there’ll be an opportunity to network and collaborate with the expert speakers and fellow connected health SMEs.
Key learning outcomes of this workshop are the following:
CHICC Expert Workshop 5 - R&D Tax Incentives for Connected Health SMEs