R & D Tax Audits By Lancaster Legal

Being Audited For A R&D Claim? We Can Help

In-House R&D Audit Consultants

Has your Caulfield based company filed an R&D Tax Incentive application that is currently being audited by the ATO or AusIndustry?

Are some hard questions being asked about your claim?

Don’t leave things to chance - get the advice and assistance of a legal practice with significant experience with the R&D Tax Incentive program. Lancaster Legal has a 100% track record in helping its clients in Caulfield and surrounding suburbs to legitimately claim the full benefit of the program.

In recent years, the ATO has released several taxpayer alerts that announced its focus on reviewing R&D Tax Incentive claims made in a number of industries. Whilst any company claiming under the program can be subject to an audit, the ATO has its sights firmly set on several industries including software, building & construction and agriculture.

The ATO has warned that it is stepping up its efforts to target the misuse of the R&D Tax Incentive program and will pursue those in court who exploit the program. The penalties can include (but are not limited to):

- Repayment of the benefit received plus penalties;
- Imprisonment (in some cases)

The penalties imposed may be increased or decreased depending upon mitigating circumstances but may be increased if you:

- Attempt to prevent or obstruct the ATO from finding out about any over-claimed amount or misleading statement;
- Did not inform the ATO within a reasonable time after becoming aware of the over-claimed amount or misleading statement.

Don’t risk an adverse outcome that could be avoided – speak to a qualified lawyer who can assist you in your Caulfield business and give you the best chance of coming through this intact. The correct initial response can sometimes mean the end of the matter.

We will meet with you in your Caulfield premises to undertake an initial review of the application, the activities claimed, the records you have kept and a general background history of the matter. From there we will provide you with commercially focused options to go forward.

Combining our scientific and technical knowledge with our commercial legal training, we provide Caulfield based businesses with honest, reliable and value driven legal advice.

Making the call to us could make the difference between having your claim approved, a formal caution from the ATO or far worse. Give us a call now so that you have the best chance of a successful outcome. We work directly with applicants and with accountants and advisers of clients in Caulfield who are subject to an audit.