Post by InCorp Advisory Australia

If you’re claiming (or planning to claim) the R&D Tax Incentive, this one’s worth a read. In her latest piece in the R&D Compliance Series, Senior Consultant, Government Incentives, Sabrina Leung, unpacks the UVI vs IISA decision and what it means for evidence, process and eligibility across income years. Key reminders from the case: • 𝗖𝗼𝗻𝘁𝗲𝗺𝗽𝗼𝗿𝗮𝗻𝗲𝗼𝘂𝘀 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗺𝗮𝘁𝘁𝗲𝗿𝘀 — clear, year-by-year records that match what’s registered • 𝗦𝗵𝗼𝘄 𝘁𝗵𝗲 𝘀𝗰𝗶𝗲𝗻𝘁𝗶𝗳𝗶𝗰 𝗺𝗲𝘁𝗵𝗼𝗱 — hypothesis → experiments → observations → conclusions • 𝗣𝗿𝗼𝘃𝗲 𝗴𝗲𝗻𝘂𝗶𝗻𝗲 𝘁𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝘂𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆 — if outcomes could be known in advance, it’s unlikely to qualify • 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿𝗲𝗱 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝗶𝗲𝘀 𝗮𝗿𝗲 𝗮𝘀𝘀𝗲𝘀𝘀𝗲𝗱 𝗯𝘆 𝘆𝗲𝗮𝗿 — not the “project as a whole” If you’re preparing a claim, it’s a timely checklist for how to document work in a way that stands up to review. Read it here: https://lnkd.in/gAauUmQj