From www.rsm.global: CFOs can improve financial outcomes by effectively leveraging Australia’s Research & Development (R&D) Tax Incentive, a significant funding mechanism designed to support innovation across various industries.

Understanding the broader eligibility criteria for R&D claims, including software development and engineering, is crucial to maximising potential benefits.

Engaging early with finance and technical teams, maintaining strong documentation, and collaborating with R&D tax specialists can significantly enhance the success of claims and drive long-term business growth.