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

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Daniel McGregor  profile picture
Daniel McGregor
11. August, 2022
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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. Highly recommended.
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John  profile picture
John
15. June, 2022
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Damian and the rest of the team at Swanson Reed have been supporting us for several years. We always appreciate their insights, expertise, and efforts.
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Rueben Rajasingam  profile picture
Rueben Rajasingam
6. June, 2022
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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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Enrique Esquivel  profile picture
Enrique Esquivel
6. June, 2022
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Damian and the team at Swanson Reed have been extremely helpfully and professional during all of our consultations. Highly recommended.
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Jess at Y&C
3. June, 2022
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Anatole Kononewsky  profile picture
Anatole Kononewsky
2. June, 2022
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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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Payam Toloo  profile picture
Payam Toloo
2. June, 2022
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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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Melissa Doddy  profile picture
Melissa Doddy
31. May, 2022
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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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Gary Watson  profile picture
Gary Watson
31. May, 2022
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We can highly recommend Swanson and Reed as an R & D accountant. We have worked with them for several years now as they make our R & D claim so easy and communicate quickly with both us and our accountant.
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Rob van den Bergh  profile picture
Rob van den Bergh
31. May, 2022
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Always professional.
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