Deadline Reminder - Research and Development Tax Incentive

This is a reminder of an important, upcoming R&D Tax Incentive deadline for businesses with a 31 December year end.  

Eligible R&D activities undertaken by December year end businesses between 1 January and 31 December 2023 need to be registered with AusIndustry by no later than Thursday 31 October 2024. Registration of R&D activities is a vital step in the process required to access an R&D tax offset via your annual tax return.

While there are options available to secure an extension of time for registering your R&D activities, the process is not simple and companies are encouraged to register within the standard timeframe where possible.

If you’re not sure whether you qualify for the generous R&D Tax Incentive, now is the time to act to avoid missing out. Our friendly team at Intellect Labs provides comprehensive and transparent assistance with all aspects of the R&D Tax Incentive claim process. We’d be happy to advise whether your activities are eligible and to help navigate the registration process. 

Please contact us if you’re keen to learn more or if you require assistance.