Swanson Reed Launches New R&D Tax Refund Financing Service

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Swanson Reed now provides a new service to facilitate early payment of R&D Tax Offset entitlements.

Swanson Reed, a nationwide provider of specialist R&D tax services, announced the debut of their new R&D tax refinancing service. With an R&D Tax Offset Financing service, companies undertaking R&D projects are able to receive the benefits of the AusIndustry R&D cash rebates prior to receipt from the Government.

If companies need to receive their cash rebate in a hurry, Swanson Reed can facilitate an R&D tax refund financing service to increase cash flow whilst the ATO processes the return. To elaborate, an R&D Financing service is a debt instrument that is offered to Australian companies who expect to receive Government funding through the Research and Development (“R&D”) Tax Incentives programme.

Damian Smyth, chief executive of Swanson Reed, believes the new service will solve issues surrounding cash flow constraints for innovative firms. “Fundamentally, an R&D tax refund financing service means that companies can access their R&D Rebates early, allowing businesses to fast-track their access to cash flow and further support their R&D Activities.”

This non-dilutive, prepayment funding service helps claimants to place additional resources into their R&D activities, advance development or commercialisation plans; provide greater clarity on the timing of R&D entitlements; and suspend or evade the need for capital raising.

For more information about R&D Tax Refund Financing, please visit: https://www.swansonreed.com.au/rd-tax-refund-financing/

About Swanson Reed

Swanson Reed is an experienced team of accountants, consultants, engineers and technical specialists. Our team have a wealth of knowledge and experience on the entire process of claiming the R&D Tax Incentive and are 100% independent and Australian-owned.

Contact Details:

Damian Smyth
Tax Principal

AM60 Building
Level 11 42-60 Albert St
Brisbane, QLD 4000

Phone: 1800 792 676

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Damian Smyth
Swanson Reed
+61 1800 792 676
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Swanson Reed - Specialist R&D Tax Advisors
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