If you are spending money to improve existing or create new products, services, or processes there is a good chance you are doing R&D. This can come in many forms including: optimising manufacturing process, creating an app to provide a better customer experience to customers, or developing a new food product with a unique blend of ingredients.
You could be eligible to claim the refundable R&D Tax Incentive if your business is:
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a for profit entity incorporated in Australia as a company
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spent more than 20 thousand dollars last financial year
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earned less than 20 million dollars last financial year
Next steps to confirm eligibility and claim:
For a full list of eligibility criteria head over to our eligibility page. Nifty Grants operates on a not eligible, no fee basis so feel free to get started now.
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