Many small Australian companies and startups will be better off in the coming financial year as a result of accessing their R&D Tax Incentive benefit.
For the FY17 claim period, Nifty Grants has helped innovative Australian startups and small companies improve their cash flow through the facilitation of more than $17m in R&D Tax Offsets.
For these businesses, this means being better off in the coming financial year in terms of cash flow, capability to continue developing new technology and innovations and being able to create more jobs.
We're thrilled to have been able to make such a great impact and look forward to seeing our customers progress into FY18 and FY19.
Thinking about claiming FY18 R&D expenses?
If you’ve been creating new knowledge or improved materials, products, devices, processes or services between 1 July 2017 - 30 June 2018, you may be eligible to claim the R&D Tax Incentive and have up to 43.5% of related expenses credited.
A note about Taxpayer Alerts
Since the Taxpayer Alerts relating to the R&D Tax Incentive were released in February 2017, Nifty Grants has increased rigor in eligibility assessment of all claims, specifically focussing on software, agriculture and construction.
We are proud to boast a high success rate of claims. In the case that a claim is reviewed, which companies who claim for two or more consecutive years and/or who operate in the above industries can be expected, Nifty Grants is available to support with the review or audit process. If you have a question about Taxpayer Alerts or a review or audit, please get in touch.