RESEARCH AND DEVELOPMENT SERVICES
RESEARCH AND DEVELOPMENT SERVICES
Research and development is the investigative work a company conducts to improve what it does. This relates to either enhancing existing products and procedures, or it may lead to the development of new endeavours. Without significant R&D investment, many high-tech and scientifically-advanced products that benefit millions of consumers would not exist today, or continue to evolve.
RESEARCH AND DEVELOPMENT LOSS TAX CREDIT
Tax relief is available for loss-making, R&D intensive start-up companies. Eligible companies are able to "cash out" tax losses from R&D spending. The tax relief takes effect from the 2015/16 income year (1 April 2015). The intention of the scheme is to provide New Zealand based, R&D intensive start-up companies with an early "cash out" option for their R&D tax losses.
RESEARCH AND DEVELOPMENT PROJECT CONSULTING SERVICES
Firms undertake research and development to create new products and services. R&D often starts with the desire to create a new product for a customer or meet an emerging market need. For most businesses R&D projects are usually funded from working capital, cash reserves or loans. Because the research outcomes are by no means certain, these funds are put at risk. R&D is often a one-off activity and may be outside your firm’s normal capabilities.
RESEARCH AND DEVELOPMENT TAX CREDIT
All three Government parties campaigned in favour of an R&D tax credit. The credit became available in 2019. Learn about the scheme and how we can help you define eligible expenditure, set-up your records, create compliant R&D plans and apply for the credit.
This page was last updated on 23 November 2022