Research and Development reporting time – 30 April

If your company undertook R&D activities during 2022/23FY and you wish to claim the R&D Tax Incentive, your company must lodge the R&D TAX INCENTIVE APPLICATION with AusIndustry by 30 April 2024.

This summary requires significant information relating to R&D activities that the company has undertaken during the year.

A reminder that if you are thinking about claiming R&D ACTIVITIES – your business must be operated via a company and at least $20,000 has to be spent on legitimate R&D activities during the financial year.

Towers Business Development can assist with making sure adequate records on R&D are kept by your company. To find out more, contact us on 07 4724 1118 or email .