Innovation Incentives

There is an ongoing range of tax incentives available for early stage and innovative companies and their investors.

The Advisory Partner team is passionate about assisting companies with innovation. The directors have worked in and assisted with sourcing cash for start-ups and early-stage companies, assisting them to get the structure right from day one.

For innovators, inventors and start-ups: The research and development (R&D) tax incentive encourages companies to engage in R&D that benefits Australia. It provides a tax offset for eligible R&D activities and is a refundable tax offset for some companies whose aggregated turnover is less than $20 million. Advisory Partner takes the hassle out of claiming the incentive by ensuring all the requirements are satisfied.

For investors: The early-stage investment company (ESIC) tax incentive provides eligible investors who buy new shares in an ESIC with a non-refundable carry forward tax offset equal to 20% of the amount paid for their qualifying investments. This is capped at a maximum tax offset amount of $200,000 for the investor and their affiliates combined in each income year. There are also modified capital gains tax concessions for shares held for at least 12 months and less than 10 years. 

AP tax agent registration