R&D TAX INCENTIVE
R&D tax made easy
The Research and Development Tax Incentive (RDTI) was introduced to provide Kiwi innovators with financial support as they navigate technical and scientific challenges, whilst taking on the world through trailblazing innovation.
Credit where credit's due
The RDTI provides a 15% tax credit for expenditure on eligible R&D activities. The tax credit can be used to offset income tax payable or can be refunded as cash.
However, it’s not always easy to identify R&D within your business.
Develop new or improved products, processes, services, or knowledge
Tackle scientific or technological challenges
Follow a structured, systematic, and planned approach
Our bread and butter
Applying for the RDTI involves submitting a detailed application outlining your R&D activities and costs. Preparing a robust and compliant application can be time-consuming, and interpreting how government legislation applies to your business is complex — often resulting in eligible businesses not fully utilising this valuable funding opportunity or missing out altogether.
At Swell, simplifying the RDTI is our jam. We use all our experience to make the process as hassle free and seamless as possible, ensuring your business secures the funding it deserves.
HOW SWELL CAN HELP
Assessment
We’ll take a deep dive into your innovation and evaluate your eligibility for the RDTI.
Diving into the details
We interview your team and collect the right information about your R&D activities and expenditure and prepare a robust and compliant application.
Securing the funding
As with all things tax-related, the details matter. Our team will liaise directly with Callaghan Innovation and IRD to ensure your application progresses smoothly.
Future-proofing your success
We’re here to make future R&D applications seamless and stress-free. We set up robust documentation systems and provide the right guidance to ensure your R&D activities and expenses are always well-recorded, keeping you prepared for a strong and compliant claim.