CLINICAL R&D TAX INCENTIVE
The Research & Development Tax Incentive (R&DTI) in Australia offers a tax offset for companies conducting eligible R&D activities. If you are an eligible R&D entity and the company’s R&D activities meet the program criteria, you may be eligible for a tax offset that covers some of the costs of your R&D.
We provide clinical R&D services through a registered clinical research organisation. These services are mostly taken up by overseas BioMed and BioTech companies wanting to expand into Australia.
Our team at Charterhouse & Co and its panel of specialist tax agents, understand the R&D tax incentive system especially in relation to clinical research and can provide tailored advice to suit your needs.
OUR SERVICES
Given the demand and popularity with overseas companies wanting to benefit from the Australian R&D incentive system, we at Charterhouse & Co, have collaborated with our panel of specialist R&D claimants and research funding providers to deliver a ‘one-stop shop’ integrated service. This has been a very much in demand and popular with overseas companies who are not fully conversant with the local requirements in Australia.
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We provide overseas companies keen on expanding their R&D on Australian shores a suite of services to ensure compliance with the local requirements in Australia. Our services include but are not limited to:
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Incorporating a local Australian based proprietary company
Provision of an Australian Resident Director
Providing an Australian registered address for the company
Setting up an Australian bank account for the company
Providing monthly accounts to management using the cloud-based Xero accounting package providing real-time view of business transactions
Preparing and lodging an application with capital providers for research funding, if necessary
Positioning the company for the R&D claim
Preparing Statutory Accounts for the company
Preparing and lodging the Good & Services Tax (GST) and annual company tax returns with the Australian Taxation Organisation (ATO) though our panel of specialist tax agents.
Given the demand for these services we have expanded our amenities to offer Zoom/Team meetings to accommodate our global clients and to make the task of operating a business locally here in Australia seamless one for them.
