Rules to Better Research & Development

The R&D tax grant is very beneficial to growing companies doing innovative work. If you're considering R&D for your company, it's important to keep the right documents and follow the right steps in order to comply with Australian R&D requirements.

Each of the following rules are designed to ensure that the following items can be demonstrated in a submission for R&D Tax Incentives.

• What the Core Activity was
• What Knowledge Gap existed
• What hypothesis was being researched
• What experiments were performed, ie the results (including failed experiments)
• What new knowledge was gained, and
• What supporting activities were done to support the core research

Read more on the ATO R&D Tax Incentive page.

Follow the below rules and you will be solving these issues, ensuring you're in accordance with the Australian R&D regulations.