R&D Tax Calculator

FAQs

Learn more about the R&D tax incentive and other grants that can help your business grow.

What is the R&D tax incentive?

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Am I eligible for the R&D tax incentives?

What activities qualify for R&D tax incentives?

What does MiracleMint R&D Tax Incentives service includes?

Does MiracleMint support you in case of an audit?

What is the R&D Tax Incentive?

The R&D Tax Incentive is a government program designed to encourage companies to invest in research and development by offering significant tax relief. We're here to make the claiming process smooth, streamlined, and seamless. Speak with a R&D Funding specialist now.

Am I eligible for the rebate?

To access the R&D Tax Incentive, your entity must be:

incorporated under Australian law
incorporated under a foreign law but an Australian resident for income tax purposes
incorporated under a foreign law and you are both:
a resident of a country with which Australia has a double tax agreement that includes a definition of 'permanent establishment'; and
carrying on business in Australia through a permanent establishment as defined in the double tax agreement

If you meet the above criteria we would love to discuss how we can build an R&D Tax Incentive claim that fits your growth needs.

‍Speak with a R&D Funding specialist.

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What activities qualify for the R&D tax incentive?

The R&D Tax Incentive in Australia supports two main types of eligible activities: core R&D activities and supporting R&D activities.

Core R&D Activities

Have outcomes that cannot be determined in advance based on current knowledge
Use a systematic approach based on scientific principles
Are conducted to generate new knowledge

Examples of core R&D activities:

Developing a new manufacturing process
Creating an innovative medical device
Formulating a novel pharmaceutical compound

Supporting R&D Activities

Supporting R&D activities are directly related to core R&D activities or are conducted for the dominant purpose of supporting core R&D activities

‍Examples of supporting R&D activities:

Conducting market research for a new product
Testing prototypes
Analysing data from experiments

Need help with identifying your eligible activities? Book in a free R&D Tax consultation with us today.

What happens if you get audited?

If your business gets audited, don't worry—less than 1% of our clients have faced this, and we've handled each case smoothly. Our team of experts will be with you every step of the way, ensuring you have all the documentation and support you need to navigate the audit confidently and successfully.Submit your application with confidence.

‍Get an assessment from our R&D funding specialist.

What's the difference with your services and my accountant?

We specialise in the R&D tax incentive process, making it smooth, streamlined, and seamless. While your current accountant may handle general financial matters, our boutique firm focuses exclusively on maximising your R&D claims.This allows us to stay updated on the latest regulations and opportunities, ensuring you get the most from your claim.While also streamlining our services to respect your time and priorities. Choosing us means choosing experts dedicated to optimising your R&D tax incentives, giving you peace of mind and significant financial benefits.

‍Explore how we can maximise your R&D Tax Claim with our specialists.

Calculate your claim with a Calculator

Calculate what you can get

$217,500

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Want to claim $1M+ per year in R&D tax incentives? See if you are eligible!

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