R&D Tax Incentive Eligibility
Unlock potential tax benefits by ensuring your R&D activities and expenditure meet ATO and AusIndustry criteria. Use this checklist to confirm your eligibility.
Are you an eligible R&D entity?
Generally, this means you are a body corporate incorporated under Australian law or a foreign company operating in Australia
Visit ato.gov.au/rdtiAre your activities eligible?
Core R&D activities must be experimental and aimed at generating new knowledge. Supporting activities must directly relate to core activities
Visit business.gov.auIs your expenditure eligible?
Only costs directly related to eligible R&D activities can be claimed (total eligible R&D expenditure must be at least $20,000, unless using a registered RSP)
Visit ato.gov.au/rdtiDo you have evidence to support your claim?
Maintain comprehensive records of activities, expenditure, and outcomes.
Visit business.gov.auConfidently Assess Your R&D Eligibility
Stop guessing. Balnzed guides you through a streamlined, interactive questionnaire designed to determine your R&D Tax Incentive eligibility. Our system is built with Australian ITAA 1997 compliance in mind, asking the right questions to ensure your activities meet the stringent requirements.
Effortless Project Documentation & Claim Substantiation
Balnzed simplifies the daunting task of documenting your R&D projects. Our intuitive interface helps you capture all crucial information, from project specifics to the new knowledge generated, providing a robust foundation for your claim.
Structured Project Data Entry:
Easily log Project ID., References, Registration Title, and Brief Project Descriptions.
Guidance on Key Claim Elements
Systematically input your project's Hypothesis, Specific Technical Objectives, and detailed descriptions of New Knowledge Generated.
Contextual Understanding
Articulate the 'state-of-the-art' before your project and why existing solutions were inadequate, as required for R&D claims.
Address Unknown Outcomes
Document the technical uncertainties and challenges your R&D activities aims to resolve.
Comprehensive Activity Logging
Detail your Research and Development activities and any supporting activities undertaken.
Automated Evidence Tracking
Keep track of critical substantiation types (e.g., design documents, prototypes, screenshots, staff timesheets, tax invoices).
Generate Compliant R&D Financial Reports in Minutes
Balnzed simplifies the daunting task of documenting your R&D projects. Our intuitive interface helps you capture all crucial information, from project specifics to the new knowledge generated, providing a robust foundation for your claim.
Customisable date ranges for reports
Accrual and Cash basis reporting options
Clear summary of Trading Income and Operating Expenses related to R&D
Instant PDF and Excel export for easy submission
The Balnzed Advantage: Maximize Your R&D Claim
Balnzed is not just accounting software; it is your dedicated R&D tax credit automation partner. We combine advanced AI with intuitive design to transform complex processes into simple, accurate, and cost-effective ones.
Significant Cost Savings: Eliminate expensive third-party consultants and manual data compilation.
Real-time Insights: Connect R&D activities directly to your financial data for up-to-date reporting.
Audit-Ready Documentation: Comprehensive record-keeping ensures you have all the substantiation needed.
User-Friendly Interface: Designed for businesses, not just tax experts.
