How R&D Tax works - example refund calculation

Your refund will depend on 2 factors in the last fiscal year. How much money you spent on R&D, and whether you made a profit or loss.

If you're a typical early stage startup in pre-revenue development mode, and have not made a profit

On a $100k spend it looks like this:

RnD cash benefit2

If you are making a profit, the R&D tax incentive reduces the tax that will otherwise be payable. Contact us to discuss how this works if you need more information on how this works.