Opportunity to access non-dilutive funding for innovative companies

One of our longest-standing and trusted Ecosystem Partners, BourkeHood, operates in the R&D space which is an attractive alternative to access an undiluted source of funding, rewarding companies that incurred costs in product development, process improvements, and engaged in R&D in general. 
 
R&D Tax Credits remain an untapped source of alternative finance to capital raising as R&D is much broader than most people think; not just limited to clinical trials, lab tests, and application development, but also can be found across various sectors ranging from agriculture, construction, architecture, materials processing, and new product development.

R&D Tax Credits explained

Australia

Offered from the ATO, the R&D Tax Incentive allows you to claim back a percentage of your qualifying development costs.

  • If you’re in a Loss position, you can get back up to 43.5% of your development costs as cash;
  • If you’re in Profit, after the Corporation Tax the resulting net benefit to you can be up to 16%.

United Kingdom

In the UK, the R&D Tax Credits offered from HMRC allow SMEs to deduct an extra 130% of their qualifying costs from their yearly profit, as well as the normal 100% deduction, to make a total 230% deduction
claim a tax credit if in a loss, worth up to 14.5% of the surrenderable loss. Large companies can also claim 12% of qualifying R&D expenditure, increasing to 13% in April 2020

United States

R&D ​Tax Credits​ ​are offered by IRS to companies with sufficient expenditure on R&D. It is a tax credit towards their annual income and/or payroll tax liability, irrespective of industry or company size.

  • 7% – 10% qualified research expenses for the taxable year,
  • a dollar for dollar reduction of the taxes you have to pay or have paid in the prior three years.

BourkeHood | global R&D Consultancy

• Opportunity to access R&D Tax Credits in Australia, New Zealand, and the U.S.
• Average turnaround time of 2-4 weeks with BourkeHood’s team doing the entire legwork, and only 3-4 hours required from the company’s team.
• Effectively uplifting and optimizing the maximum amount you can claim for, combining the Technical & Financial expertise

Request more info from BourkeHood team here.

As our Ecosystem Partner, BourkeHood offers a free consultation call to talk about your potential eligibility taking into account your sector and company circumstances – if you’d like to speak to one of their Consultants, register your interest here.

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