Did you engage in research and development activities last year?

Boost your business with tax incentives! If your business delves into R&D activities, you might qualify for the R&D tax incentive. Discover how to claim, calculate, and register for ongoing benefits.

If your business conducted research and development (R&D) activities, you may be eligible to claim a tax offset under the R&D tax incentive.

If you’re eligible, you can claim the R&D tax incentive by completing the R&D tax incentive schedule and lodging it with your company tax return.

See the R&D schedule instructions for information on how to complete the schedule. You can also use the R&D tax incentive calculator which will help you work out the amounts you’re eligible to claim.

If you plan to continue conducting R&D activities this income year, you need to register the activities, even if you’ve registered previously.

Remember, the team at Paris Financial is here to help. Contact us today!

Source: ATO Newsroom

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Phillip Anthony Partners joins Paris Financial East Melbourne

We are pleased to share that the team at Phillip Anthony Partners have merged with Paris Financial. Our team at Paris Financial can provide you with a large range of quality financial services with over 65 people located across two convenient locations in Blackburn and East Melbourne.

Paris Financial shares the same philosophy as Phillip Anthony Partners of providing a value focused and high quality service for each of our clients. We look forward to assisting with your accounting needs.