Early Career
Get Tax Sorted
Overview
You're building what's next. Let's make the numbers work behind it.
A new technology. A product that hasn't been made before. A better way of doing something that's been done the same way for decades.
Big ideas take curiosity, persistence and plenty of trial and error. They also take time, money and a lot of behind-the-scenes work.
Between developing your idea, testing what works and figuring out how to bring it to market, accounting and tax paperwork probably aren't at the top of your list.
At Bon Conseil, we help Australian innovators, researchers and technology businesses manage the financial side of their work. From R&D tax incentives to business accounting, budgeting and financial planning, we'll help you understand your options and keep your numbers organised while you focus on creating something new.
Got something on your mind? We're all ears.
Tax questions. Business plans. Family finances. Investment ideas. Or that one thing you've been meaning to sort out for months.
You don't need to have it all figured out before getting in touch. That's what we're here for.
Services
How We Can Help
Research and development rarely follow a straight line.
An experiment might take longer than expected. A prototype might need another round of testing. A promising idea might lead you in a completely different direction.
And while you're busy working through those challenges, there's another side of the business that needs attention.
How much are you spending on development? Which expenses might qualify for the R&D Tax Incentive? Are you keeping the right records? How much funding will you need to get through the next stage?
We help you get a clearer picture of your costs, understand the relevant tax requirements and make informed financial decisions as your work progresses.
[01]
R&D Tax Incentive Applications
The Australian Government's Research and Development Tax Incentive helps eligible companies offset some of the costs of qualifying R&D activities. But developing something innovative doesn't automatically make your work eligible. The program has specific requirements around the activities you undertake, how you conduct them and what you spend. We'll help you understand the eligibility criteria, assess your circumstances and work through the registration and tax-claim process.
✔ R&D Tax Incentive eligibility assessments
✔ Assessment of core and supporting R&D activities
✔ R&D activity registration assistance
✔ R&D tax offset calculations and claim preparation
✔ Registration deadlines and compliance obligations
[02]
R&D Expenditure Tracking & Documentation
When you're developing something new, costs can come from all directions. Staff time, testing, materials, contractors, equipment and repeated experiments. Keeping track of those expenses is important for understanding what your research actually costs. It's also essential when you're assessing potential R&D tax claims. We'll help you establish practical financial record-keeping processes, track relevant expenditure and organise the information needed to support eligible claims.
✔ R&D expenditure tracking and categorisation
✔ Financial record-keeping and documentation
✔ Staff and contractor cost tracking
✔ Project-level cost reporting
✔ Supporting financial records for R&D tax claims
[03]
Business Accounting & Tax
Whether you're an early-stage tech company or an established business investing in research, the usual accounting and tax responsibilities don't disappear while you're innovating. We'll help you manage your financial reporting, tax returns, GST and compliance obligations, so you can keep your business affairs organised alongside your development work.
✔ Company tax returns and financial statements
✔ BAS and GST reporting
✔ Business tax planning
✔ Bookkeeping and accounting support
✔ PAYG withholding and other tax obligations
[04]
Business Structuring & Setup
The way your business is set up can affect how it's taxed, how new investors or business partners become involved and whether it meets the entity requirements for certain tax incentives. We'll help you understand the accounting and tax implications of different structures, from companies to trusts and partnerships, so you can make informed choices as your business develops.
✔ Company and business structuring advice
✔ Tax implications of different structures
✔ Business registration and setup support
✔ Reviews of existing business structures
✔ Structuring considerations for future growth
[05]
Budgeting & Financial Forecasting
Research takes time, and sometimes the next breakthrough is several experiments away. When development costs keep growing and revenue is still on the horizon, it's important to understand how long your available funds can support the work. We'll help you build realistic budgets, forecast upcoming expenses and explore different financial scenarios before making your next commitment.
✔ R&D and operating budgets
✔ Cash flow forecasting
✔ Development expenditure planning
✔ Financial scenario analysis
✔ Budget-to-actual performance reviews
[06]
Business Advisory & Growth Planning
Maybe your prototype is working. Your research is showing promise. You're bringing on a larger team or preparing to take your product to market. As your business evolves, so do the financial decisions. We'll help you assess costs, understand profitability, review your business performance and plan for the next stage with advice grounded in the numbers.
✔ Business planning and strategy
✔ Commercialisation-related financial planning
✔ Pricing and profitability analysis
✔ Performance reporting
✔ CFO advisory and financial decision support
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