Is your company planning to develop software as part of an experimental R&D project? You may qualify for the R&D tax incentive, even if you’re not a software developer but operate in a technology-focused industry such as manufacturing. However, the activities you claim for must genuinely meet the relevant tests – and the ATO says some companies are incorrectly assuming their project qualifies. Make sure you understand the criteria before making an R&D claim. The incentive broadly offers: for companies with turnover below $20 million: a refundable tax offset of 43.5% of eligible R&D expenditure; or for other companies: … Continue reading Can my business claim the R&D incentive for software projects?