Skip to content

TCF Services enhances its R&D Tax Incentive “prepayment service”

TCF Services enhances R&D Tax Incentive Prepayment

Are you eligible for R&D Tax Incentive prepayment services?

Only eligible R&D Tax Incentive claimants who are entitled to receive a 45% “refundable tax offset” are eligible to receive a prepayment against current or future R&D tax benefits.

Drawdown on your current 13/14 year claim

If you need funds now and you have yet to lodge your 13/14 R&D Tax claim then talk to us on how we can prepay up to 80% of your benefit now rather than you waiting up to 2 – 3 months for the preparation, registration and processing period involved.

Drawdown on quarterly or half yearly 14/15 year R&D expenses

Enter into a funding agreement and we will provide you with up to 80% of your 45% benefit as you incur R&D costs on a quarterly or half yearly basis thus freeing up capital 6 – 9 months earlier.

Accelerate your funding runway without VC support

Enter into a funding agreement that effectively tops up your annual R&D budget against a pre-determined R&D Plan of annual activities. Approved applicants who have a “positive advanced finding” from AusIndustry are able to receive 60% on top of the R&D funds they committed on the basis that the prepayment loan will also be used to accelerate and support additional R&D activities.

Successful applicants can take advantage of a greater quantum of funding 12 – 15 months earlier than they would have otherwise expected allowing the pathway to commercialisation to be accelerated knowing that the resultant R&D benefit based on a larger annual R&D spend will effectively repay the full R&D prepayment thus providing a win win situation for all concerned.

Contact Us

If you would like to discuss this offer in more detail please contact Gerry Frittmann (Managing Director) or David Tonkin (Director) at TCF Services.

– Confirm your R&D Tax Incentive Prepayment Eligibility

Ryan can assist with services such as:

  • Scope your potential to claim various grant programs
  • Assist with the preparation and lodgement of grant applications
  • Review or provide a health check on your internally prepared grant applications
  • Establish record-keeping practices as required under various grant programs
  • Provide prepayment loans against future cash refunds under the R&D Tax Incentive
  • Keeping industry informed on all new Government policy and grant initiatives

Don’t hesitate to give us a call.