Research & Development (R&D) and Innovation
Gain a competitive advantage over your competition
Research and Development Accountants
Business owners are constantly faced with the challenge of gaining competitive advantage over their competition. Developing their unique advantage may mean survival for some or a way to stay on top of competition for others.
A critical ingredient for staying on top of your competition is innovation. To be innovative is seeing things from new angles, having broad perspectives, taking risks and being flexible.
R&D is a valuable tool which involves researching your market and your customer needs and developing new and improved products and services to fit these needs.
Businesses that implement an R&D strategy have a greater chance of growing and improving their business; and as such, a greater chance of success over their competition.
An R&D strategy can lead to innovation, increased productivity, and can boost your business’s competitive advantage.
Schedule a one on one consultation today on 07 5592 3644
Offset your R&D costs to help innovate and grow your business
The Research and Development Tax Incentive (R&D Tax Incentive or R&DTI) helps to offset some of the costs you put into eligible R&D.
To be eligible for the R&D Tax Incentive, you must be a for-profit company incorporated in Australia with at least $20,000 of eligible expenditure on eligible R&D activities. You can only benefit from the program if your initiatives are considered eligible R&D activities and meet the legal requirements.
With increased compliance and audit focus around the R & D Incentive it is important to get it right. More information… Guide to determine R&D Validity.
How can Walsh R&D & Innovation Division help?
- Determining the validity of your R&D
- Understanding and claiming for all eligible R&D Expenditure
- Advisory services for recordkeeping and implementing R&D systems
- Completing and lodging your R&D application with Aus Industry including:
o Project Identification
o Expenditure approximation and budgets
o Project Findings and Failings - Complete Claim and taxation rebate including:
o Prepare Workings and Calculations
o Identify Specific Core R&D Expenditure
o Calculate Notional R&D Expenditure
o Calculate Notional R&D Expenditure
o Rebate calculated
We can also assist your business by delivering a suite of innovation support and assistance services including
- Export Marketing Development Grants (EMDG)
- Assessment and delivery of other State and Federal Government grants
- Product Disclosure Statements (PDS) and Capital Raising Services
- Strategic Business Planning
- Industry Specific Assistance
Walsh R&D and Innovation Division
Every year we assist businesses throughout Australia by unleashing their potential and guiding them in accessing their share of over $1.97 billion in federal R&D grants. Walsh R&D and Innovation division do this by offering practical, easy to understand advice driven by a specialist team that has combined experience of over 50 years in this field.
We take the time to understand your business, your goals, and your innovative endeavours, guiding you with accessing the appropriate grant for your business and providing you with the ongoing support required to help you maximise your efforts and scale your business to the next level.
We look forward to learning more about your business, goals, and objectives and helping you succeed and grow, now and into the future.
Team members
Managing Director