Research & Development Tax CreditsResearch and development does not have to be done in a laboratory or for a high tech company to qualify. If work is undertaken to create, develop or improve a product, service, procedure or process, there is a good chance we can assist you to claim a research and development tax credit. Failure by businesses and their advisors to appreciate this will mean many businesses will not be able to identify products that fall under the new definition, and will miss out on tax credits if proper advice is not obtained. O'Halloran HMT (Research & Development Consultants Ltd) have a very experienced tax division to provide assistance to businesses and other chartered accountants. The tax division is well positioned to meet the challenges of the changing taxation landscape, and can provide the platform to ensure all client tax affairs are well managed without any surprises. Also the Research & Development Rebate Team has been established within the taxation division to assist businesses successfully access the new research and development tax credits. The team will be ably assisted by ITC Group, an Australian consulting firm, who specialises in this area. For more information, contact Alta Vos, alta.vos@em.org.nz or phone 09 262 2244.
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