What is an RSP?
A Research Service Provider (RSP) is an organisation that is registered under section 29A of the Industry Research and Development Act 1986 as a RSP by Innovation Australia has appropriate scientific or technical expertise and resources to perform research and development on behalf of other companies.
Don Alan Pty Ltd was approved as a RSP since 24 January 2013.
Benefits of working with Don Alan Pty Ltd
- If you are a small to medium-sized company (SME) and engage Don Alan Pty Ltd to perform R&D activities, you are able to claim a R&D tax offset for eligible expenditure on registered R&D activities, even where your total claim is less than the usual threshold of $20,000 in an income year.
- Don Alan Pty Ltd can offer you expert R&D resources in particular fields, for example, electrical and electronic engineering.
- Collaborating with Don Alan Pty Ltd enables you to conduct R&D activities without having to invest in the specialist staff or infrastructure needed to support such activities.
- You can contract R&D activities to Don Alan Pty Ltd with confidence since it has met a set of criterion including staffing, facilities, capability and capacity to undertake R&D to qualify for registration.
Beneficiary of activity
Note that R&D entities are only entitled to a R&D tax offset for R&D activities that are conducted ‘for’ the R&D entity. Companies considering contracting research and development to Don Alan Pty Ltd should review the information that the Australian Taxation Office (ATO) provides on beneficiary of activities to ensure that the activities that they contract to the Don Alan Pty Ltd continue to meet this requirement.
Also, this does not constitute financial advice, each company needs to get their own professional advice.