There has been a rapid increase in software-based R&D claims due to the increased digitisation of traditional industries such as agriculture, mining and manufacturing. However, according to AusIndustry and the ATO, some claimants have stretched their R&D claims to include normal business activities and expenditure, which are not covered. Software to be included as a claim under certain conditions, such as testing of a hypothesis. Business owners should continue to access cash savings by accessing the R&D claims tax incentive.Seek advice from trained professionals. Companies can improve their R&D claim process by using claim management tools.
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