Do you operate as a company and spend $20K or more on R&D?
R&D is an important investment for any business. The great news is that it can also lead to a tax offset. Let's explore this further.
R&D is an important investment in any business. If you find yourself investing more in R&D in the future, make sure that you speak to your accountant to determine if you are eligible for a tax offset. In the meantime let's see if we can uncover any other opportunities to reduce your tax bill further and protect your assets.
MGI is a full service accounting and business advisory firm offering a complete range of professional financial services from accounting to wealth management. Our accountants, advisers and auditors are business experts who strive to thoroughly understand our clients' goals to achieve business success. We have a firm commitment to personal service and building a trusting relationship with each and every client. This index forms part of a two decade longitudinal study of Australian family and private businesses dating back to 1994.