{"id":75352,"date":"2024-03-08T11:48:29","date_gmt":"2024-03-08T01:18:29","guid":{"rendered":"https:\/\/www.aumanufacturing.com.au\/?p=75352"},"modified":"2024-03-08T11:52:35","modified_gmt":"2024-03-08T01:22:35","slug":"recce-uses-innovative-method-to-bring-forward-rd-incentive","status":"publish","type":"post","link":"https:\/\/www.aumanufacturing.com.au\/recce-uses-innovative-method-to-bring-forward-rd-incentive","title":{"rendered":"RECCE uses innovative method to bring forward R&D incentive"},"content":{"rendered":"
The federal government’s Research and Development (R&D) tax incentive may have highly restrictive rules and definitions which cut the number of companies eligible for assistance, but for early stage and start up companies it can be a godsend.<\/p>\n
Available to companies turning over less than $20 million – itself a bone of contention with innovative companies<\/a> – the incentive supports SMEs in their research phase, when they have the least financial capacity.<\/p>\n Many an Australian company would have not grown from micro to small, let along be set on the path for bigger success without the incentive.<\/p> But it is something paid after the expenditure is already made, stretching cash flow for many.<\/p>\n