Do you know that SMEs are spending BILLIONS on R&D?
Business Advisory Services Update
The Government estimates that Research and Development (R&D) expenditure by SMEs will be approximately $5.83B in 2022/23!
The cost to the Government is the Research and Development Tax Offset, which is 43% of the R&D expenditure for companies with turnovers under $20M in the financial year.
This high level of investment highlights the significant R&D activities being conducted in Australia by SMEs.
This is a perfect opportunity for your accounting firm to generate more revenue by delivering R&D advisory services to SMEs undertaking R&D activities. In turn, if successful, your SME clients also benefits by claiming the R&D Tax Offset. The best part of it is, you don’t need to be an engineer or a scientist to perform this type of service, as your main role is to act more as an INTERNAL AUDITOR, to ensure that documentation required is adequate. It’s a win-win situation!
Want to know how you could achieve this? We are presenting a complimentary webinar on Friday 5 July at 11am AEST, to discuss the delivery of R&D advice to SMEs, to assist them in claiming the R&D Tax Offset. CLICK HERE to register.
