How R&D Tax works - example refund calculations

Your refund will depend on 2 factors in the last fiscal year. How much money you spent on R&D, and whether you made a profit or loss.

If you're a typical early stage startup in pre-revenue development mode, and have not made a profit

On a $100k spend it looks like this:

Your R&D spend $100,000
   
You pay us fixed fee (medium project) $2,999
You claim 43.5% $43,500
   
You get back $40,501

 

If you are making a profit, the R&D tax incentive reduces the tax that will otherwise be payable.  Contact us to discuss how this works if you need more information on how this works.

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