Business Expenditure on R&D

  • 2017-2018
  • 2015-2016

Current Insight

“The reality is many companies feel as if they need to be the next Google and develop cutting edge technology to access R&D Tax Credits. Little to their knowledge, the R&D scheme requires a company to 'overcome technical uncertainties' whilst 'seeking an advance in science or technology'. Therefore, it is a lot broader than what people think. At BourkeHood, we are on a mission to deliver and simplify this process to as many companies as possible”.

Jason Hood

BourkeHood Director

Eligibility Criteria

Applications can be made at any time, and must be within 10 months of the end of the income year. Eligible costs include employee wages, cost of supplies, cost of testing, contract research expenses, and costs associated with developing a patent.

To qualify, you need to be an California-based business that has participated in one or more of the following activities over the last year:

• Developed an innovative product, service, device or process,
• Outsourced research activities (Qualified Research must take place in California in order to qualify for the California credit),
• Licensed new technology and tried it on a trial basis,
• Attempted to solve an industry-wide problem,
• Completed trials that led to lost goods,
• Other activities intended to generate new knowledge.

Booming sectors of science include:

Veterinary Science


Food Science

Sports Science


Renewable Energy