Swanson Reed Expands Pricing Options

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Swanson Reed has now extended their pricing options to include a new R&D tax refund financing alternative.

Swanson Reed has released a new financing payment option for innovative firms – removing the waiting time typically associated with lodging a R&D tax claim. If companies need to receive their cash rebate in a hurry, Swanson Reed can facilitate a R&D tax refund financing service to increase cash flow whilst the ATO processes the return. To elaborate, a 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.

With offices nationwide, Swanson Reed manages all facets of the R&D tax incentive claim preparation process. Once the R&D claim has been prepared and documented, an eligible company completes an application process with a finance professional to receive a prepayment against R&D tax entitlements. Once assessed and approved, the prepayment funding service enables R&D companies to attain a portion of their R&D tax entitlement early. The financial institution receives the R&D Tax Offset directly from the ATO to apply against the financed amount.

Damian Smyth, chief executive of Swanson Reed, believes the new service will solve issues surrounding cash flow constraints for innovative firms. “This non-dilutive, prepayment funding service helps claimants to place additional resources into their R&D activities.” Smyth further notes that the funding service is in partnership with a financing firm – a first for the company. “Swanson Reed receives absolutely no financial incentive or commission from our clients’ financing of R&D Entitlements. This independence means we are best placed to refer only the most suitable finance professionals for our clients’ particular needs.”

Ultimately, a 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.

For more information about R&D Tax Refund Financing, please visit https://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 has a wealth of knowledge and experience on the entire process of claiming the R&D Tax Incentive and is 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

Source: Swanson Reed

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Damian Smyth
Swanson Reed
+61 1800 792 676
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@swansonreedAU
since: 07/2012
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Swanson Reed - Specialist R&D Tax Advisors
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