Australia helps innovators research and develop new products, methods, and tools by helping your business grow through support and tax incentives for your research & development activities.
Our clients are driven, resourceful, and focused on their research and development projects, using the special Australian R&D Tax Incentive Claim to fund their work and build momentum to successfully launch new products, services, technology and tools for the economy.
XETA manages the entire R&D programme for you – every step of the journey.
We make it easy for you to claim your R&D Tax Incentive Claim each year. Our team covers all aspects from inception to lodgement, using our bullet-proof methodology to work directly with AusIndustry, the Australian Tax Office and your own team.
With almost a full decade of 100% success in securing R&D incentive claims using our bullet-proof tax methodology, XETA has helped Australian companies receive the best-case scenario in all their claims with the ATO and AusIndustry. XETA manages the whole process for your company from inception to completion.
We pride ourselves on providing stronger service offerings at a fee that is 10% to 15% lower than competing firms. We can do this because we understand R&D better; we get it done for our clients using our extensive industry knowledge, smarter tools and better methodologies.
The R&D Tax Incentive Claim (aka the R&D Tax Credit) is the Australian Government Incentive to stimulate and drive innovation and research & development in Australia. Creating innovation costs money. Therefore, the government has created an excellent way to help innovative companies fund their R&D costs and help them commercialise their end goals.
It starts with an application for eligibility and award of an eligible AusIndustry Programme. We have specialist industry experts that spend time with your business and R&D team members to create detailed, complete and compelling R&D applications.
Innovative businesses generally run with losses for their first few financial years. It takes time to get the R&D right before your company generates income and commercial success.
Under the current Australian tax rules, a company’s losses are carried forward until the time the company becomes profitable. At that point, the company can offset their posted losses against their profits and pay less tax, or even no tax at all. But running at a loss costs you money.
The R&D Tax Offset allows your company to access your tax losses in cash, today.
The easiest way to explain? Spend $1,000,000 on eligible research & development costs and you will be able to apply for $435,000 back in cash.
You’ll continue receiving support even after your company becomes profitable. You receive additional tax offsets on your eligible R&D expenses in your tax returns – 43.5% of the value of all eligible R&D costs. Spend $1,000,000 on eligible research & development costs and you will be able to apply for $435,000 back in tax offsets. The current company tax rate is 26%, so that means your eligible R&D tax deductions are at a much higher deductibility rate of 43.5%.
R&D Activities fuel the cashflows of innovative companies.
The R&D Tax Incentive Claim is open to all companies of all sizes, in all sectors, in all industries. Anyone might be eligible based on the R&D work being performed. If you are in any of the following, we should talk:
XETA will help you create a compelling AusIndustry application and assist in all internal R&D investigations to help you find your company’s unique differentiator. We’ll manage every aspect of the lengthy documentation process, the eligibility calculations and the tax returns.
XETA. XETA does more.
"We have grown exponentially quarter-on-quarter since signing up with the XETA team, from being sole traders to becoming company directors. XETA supported us through COVID and we have emerged even stronger than before."
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