A number of Australian companies have reported substantial Refundable R&D Tax Offset receipts in recent months, including:
Receipt of refundable R&D tax offsets reduces the need for a companies to raise additional capital to complete development of their technology, and makes pathway to commercialisation exponentially easier.
In an environment of rising interest rates and lower share prices for emerging entities, it becomes more difficult for start up companies to raise capital. The R&D Tax Incentive becomes an even more important source of funding for such companies in these times.
Please get in touch with our office if you would like to speak to someone about a potential R&D claim, or check out our website for more information.