Sneaky Clients who miss out on Big Rewards

06/05/2022 21 min
Sneaky Clients who miss out on Big Rewards

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Episode Synopsis

Are your clients carrying out research and development activities behind your back? You might be surprised to discover that many SMEs conduct their research and development activities in total secrecy. That's because they've been scared off by blogs and articles warning about confidentiality and protecting intellectual property. In some cases, clients can take this a bit too far, and they may not even tell you, their accountant, what they're up to. This is crazy stuff! These 'sneaky' clients may be missing out on some serious government incentives. By keeping you in the dark, these SME clients won't be getting the proper professional advice they need to know on how their operations should be structured to take full advantage of their R&D activities. Research and Development is part of the Income Tax Act and your eligible clients should be claiming their Research and Development Offset.