As prescribed by the Australian Taxation Office (ATO)  Eligibility for the R & D Tax Incentive can be separated into three areas:

1.    Do we have the correct entity in place to apply for the offset?

2.    Are my activities eligible for the offset?

3.    Are the deductions we have incurred eligible, i.e., are they eligible notional deductions and are they in excess of $20,000?

Refer - Division 355 of Income Tax Assessment Act 1997

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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