R&D Tax prepayment service

 

TCF Services is proud to offer eligible R&D companies a unique competitive advantage through their R&D Tax prepayment service. Under this initiative,  companies eligible for the 43.5% refundable tax offset with annual aggregated R&D turnover less than $20 million may receive a prepayment of up to 80% against their R&D Tax Incentive benefit prior to lodging their ATO tax return.

Two distinct prepayment offerings are available based upon meeting TCF Services’ due diligence requirements. The first offering allows eligible R&D companies to receive a prepayment against their prior year’s expenses before registering their annual activities and lodging the company’s tax return.The second prepayment offering allows eligible R&D companies to draw down up to 80% of its benefit against current year R&D expenditure on a quarterly or half-yearly basis.

This initiative enables R&D start-ups access to additional cash flow when they need it most to support their R&D and commercialisation strategies. If you have any questions or are interested in participating please call David Tonkin or Gerry Frittmann on (02) 8219 4900 .

Benefits:

The R&D Tax incentive provides 2 types of benefits – a 43.5% refundable tax offset (payable in cash) for companies under $20m in annual turnover OR a 38.5% non-refundable tax offset for companies with annual sales of $20m or more.

Why us:

Our experienced and qualified team will work with you to maximise your return with a minimum of fuss. With over 26 years as leading industry assistance consultants, TCF Services possess the experience and skills to prepare, lodge and maximise compliant R&D Tax Incentive returns.

Free R&D Tax Health check – for existing claimants that would like a second opinion on their eligibility under the R&D Tax Incentive, TCF Services provides a free health check to confirm eligible activities, expenses and record keeping to ensure that you are lodging defensible applications under a self assessment scheme.