How Swanson Reed Can Help You Finance Your R&D Tax Credit

September 28th, 2016

While tax credits can help you free up cash flow and additional resources in the future, they often don’t help you in the here and now. In fact, many companies feel they have to forgo the complicated application process just to keep their businesses running smoothly. However, Swanson Reed, a leading specialist in R&D tax credits, has developed a referral system to help companies apply for their entitlements and still have enough money to keep up their good work. We call it our R&D Tax Refund Financing Program and we use it to connect you with financial institutions offering companies the ability to finance their future R&D tax offset entitlements.

At Swanson Reed, we are dedicated to helping our clients get their entitlements, all while guiding them towards the best, most profitable research and development areas to help maximise their profits and discoveries. That is why we receive zero financial incentives or commissions from the institutions to which we will refer you. Our R&D Tax Refund Financing Program exists solely to help companies get the money they need now so they can create the products they want. Plus, without commissions or incentives, we are able to best match our clients to the institutions that will help them best.

3By using a financial institution to help fund your future tax entitlements, you can free up money in the here and now and still get the money and entitlements you deserve in the future. In fact, many companies use these financing products to help restructure their R&D funding, putting more resources into the actual work they do and creating a leaner, more effective team. With a more efficient team, companies can also push on to the next phase, be it advanced development or commercialisation.

While we encourage all of our clients to take advantage of this program, we do have some requirements in order to determine if it’s right for you. There are criteria to ensure that your R&D meets the specific requirements for the Australian Government’s tax entitlement program, and to determine if financial assistance is right for your company. These requirements include :

•  You must be performing eligible R&D activities, or Innovation Australia must provide a positive “advanced finding” ruling.

•  You cannot use a bank or other borrowing facilities that requires a PPSR registration.

•  Your company must be in good standing with the ATO and AusIndustry.

•  You must readily provide well-kept records, good record keeping, and provide the relevant accounting reports for the period in question.

•  Swanson Reed must perform an R&D claim preparation, lodgement and assessment.

If your company wants to take full advantage of the R&D tax credits and entitlement program, but simply does not have the resources to do so, be sure to ask Swanson Reed about our R&D Tax Refund Financing Program. It’s the best way to stay financed and still get your entitlements in the future, so that your company can continue to succeed, develop, and grow.

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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
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
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
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
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
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
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
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
31. May, 2022
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Always professional.
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