What better time than now, as this financial year comes to an end, to put your R&D house in order. For those companies claiming the R&D Tax Incentive, one of the most important things to action is to get the company’s R&D record keeping in order.
Whether it is the capture of financial costs or the recording of actual physical research and development activities, these records are critical in proving that your organisation in fact carried out eligible R&D activities.
Business Wisdom can assist you in ensuring your records meet the statutory requirements. We can also provide templates to assist your company’s record keeping.
Talk to us today about your R&D claims for this financial year just concluding (FY17), and also to set you up correctly for the year about to commence (ie FY18).