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Please answer the question

Please answer all the questions first.

​Is your company in tax loss for the current year
(including tax losses carried forward from prior years)?
Yes No

​Is the sum of your current year and carry forward
tax losses greater than your current year R&D Expenditure?
Yes No

Calculator

Please enter the amount & amount should be correct number.

Group Turnover of Company (including connected or affiliated entities)

Total Company Expenses

Eligible R&D Expenses within Total Company Expenses

Opening Balance of Tax Losses

Prima Facie Taxable Income (Pre R&D/Application of Tax Losses)

Add R&D Expenditure Forfeited as deduction/Claimed as Offset

Less Tax Losses Applied to Current Year Income

Revised Taxable Income

Tax Payable on Above 30%

Credit for R&D Tax Offset

Net Tax Payable/(R&D Offset Refundable)

 

to Email this info to your email.

Disclaimer:
The Australian Tax System is complex and this calculator only yields an estimate of potential benefit. This is intended as a quick guide and must not be used as a calculator for use in the preparation of an R&D tax schedule or calculation of R&D tax beneift. Further, it must not be used as a substitiute for professional advice.

Assumptions:
Group Turnover of company is equal to assessable income of company
Total Company expenses are fully taxable
No other deductions or entitlements considered
No other tax liabilities considered

Are You Eligible?


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R&D Audit Checklist


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 Swanson Reed - Specialist R&D Tax Advisors 
 
 
 Swanson Reed - Specialist R&D Tax Advisors
  
 39 Google reviews 
 
  
 
 
 
 
  
 Swanson Reed - Specialist R&D Tax Advisors 
 
 
 Swanson Reed - Specialist R&D Tax Advisors
  
 39 Google reviews 
 
 
 
 
 
  
 
 
 
 Daniel McGregor 
 
 
 Daniel McGregor 
 
2022-08-11
 
 
  
 
I have been using Swanson Reed for my clients for more than a decade.  Having a specialist firm that can provide practical and commercial advice that produces real outcomes is very important and we have received great feedback from our clients.
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2022-06-15
 
 
  
 
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2022-06-06
 
 
  
 
Experienced responsive Team. They have been a great help to me and my company navigate the R&D tax claim process and have provided invaluable advice.
  
 
 
  
 
 
 
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2022-06-06
 
 
  
 
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2022-06-03
 
 
  
 
  
 
 
  
 
 
 
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2022-06-02
 
 
  
 
The Swanson Reed team have provided our company with exceptional professional advice and assistance for all of our R&D claims for many years - have always achieved great results with excellent value for their services.
  
 
 
  
 
 
 
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2022-06-02
 
 
  
 
Damian Smyth and his team are very helpful, supportive and experts in their field of R&D Tax claims. I'm always happy with the work they do and been a customer of their for over 5 years.
  
 
 
  
 
 
 
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2022-05-31
 
 
  
 
The Team at Swanson Reed are very experienced R&D Tax Advisors and gave us ongoing support with all of our R&D Claims, the consultants ensured we were always working with current legislative guidelines, gave us assistance with compiling technical and government documentation and went out their way to ensure they were with us for the entire process from beginning to end.  Highly recommended to anyone who needs assistance with working through what can at times be a daunting process.
  
 
 
  
 
 
 
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2022-05-31
 
 
  
 
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2022-05-31
 
 
  
 
Always professional.