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What could you potentially be claiming for your R&D activities

Your potential R&D Tax Incentive benefit can be determined using the calculation tool below.

Please note that this information is only intended as a possible scenario. The benefit amount provided through this scenario has not taken into account other aspects such as clawback, structure, feedstock, associaite entity reconciliations, and other calculations and provisions that may impact on your R&D incentive claim.

R&D Scenario Tool

What financial year would you be claiming for? 2023 2024
Company Name:
First Name:
Last Name:
Email:
Company Type: Proprietary Limited (Pty Ltd) Company Public Company (Ltd) Partnership Trust Sole Proprietor Other

Unfortunately your company type is not eligible to claim the R&D tax incentive, however please call us if you have any questions or are seeking some advice as to eligible entity types.

Have you had a professional R&D tax incentive assessment of eligibility done? Yes
No

When was it done?

What are your estimated R&D Expenses?

This estimation should only include costs incurred from Australian-based companies. Amounts less than $20K do not meet eligibility.

Direct Costs

Contractors:
Salaries for R&D activities (including superannuation):
Materials costs:
Other expenditure:
Depreciation (Decline in value) of assets used to conduct R&D:
Direct Subtotal:

Indirect Costs

Indirect Costs (percentage of rent and overheads – calculated at R&D hours / total hours x rent + overheads):
Indirect Subtotal:
Total R&D Expenses: As your spend is less than $20,000, your company is not eligible to claim R&D for this year. However, should your situation change or you have any further queries, please email as at admin@innov8tionrd.com.au.
Estimated Company Revenue: If your company is owned by another company, include the aggregate turnover in your assessment. By including the aggregate turnover, the overall financial position and size of the consolidated group or MEC group are considered, providing a more accurate assessment of the R&D tax rebate entitlement.
Company Profit/Loss Position: Did the company make a profit or loss? To reflect a loss, enter as a negative.
Are there any carry forward losses from previous years? Yes
No
Refer to section 13 of your last income tax return if you do not remember your carry forward losses.

Enter your carry forward loss here:

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