Whether you’re filling a gap in the market or seeking to better understand new methods of efficiency for production in your own business, every industry can benefit from research and development (R&D).

The Research and Development Tax Incentive (RDTI) offers a tax offset for companies that are eligible R&D entities.

Younger businesses may devote a larger proportion of their expenditure to R&D as they take significant steps to grow in their formative years.

Food manufacturers are constantly looking to improve processes in any way they can. Whether it be to increase nutrient values, lengthen shelf life, simply improve packaging processes – food and beverages derived from agricultural production are always in need of an upgrade.

Since the research and development tax incentive (RDTI) was introduced to Australia in 2011, the Australian Tax Office (ATO) has managed an influx of businesses claiming all manner of expenses – both eligible and ineligible.