Research and Development
Is your R&D eligible for a Government Tax Incentive?
Core R&D activities are experimental activities whose outcome cannot be known or determined in advance on the basis of current knowledge, information or experience, but can only be determined by applying a systematic progression of work that is based on principles of established science; and proceeds from hypothesis to experiment, observation and evaluation, and leads to logical conclusions. Core activities are conducted for the purpose of generating new knowledge (including about creating new knowledge or improved materials, products, devices, processes or services). A supporting R&D activity is one that is directly related to core R&D activities or, for certain activities, has been undertaken for the dominant purpose of supporting core R&D activities. Complicated – Yes! So please call us if you would like to discuss Research & Development in more detail.