xSource Control is your R&D Tax Incentive adviser and registered tax agent in one. We assess eligibility, register your activities, prepare the claim and lodge it with your company tax return, using books we already keep R&D-ready all year.
Our end-to-end R&D service
- Eligibility assessment of your core and supporting R&D activities
- Registration of R&D activities with AusIndustry
- Xero tracking for R&D projects, staff time and contractors from day one
- Staff timesheet and payroll cost apportionment
- Preparation of the R&D Tax Incentive schedule
- Lodgement with your company income tax return as your registered tax agent
- Supporting documentation for AusIndustry and ATO reviews
- Cashflow planning around the timing of your refund
Why one firm for books, tax and R&D
Most startups pay a bookkeeper, a tax agent and a separate R&D consultant, then pay again for each to reconcile the others’ numbers. Because we keep your books, prepare your tax return and run your R&D claim, your expenditure is tagged correctly as it happens, nothing is lost in handover and your claim is faster and easier to defend.
Frequently asked questions
Who is eligible for the refundable R&D tax offset?
Generally, companies with aggregated turnover under $20 million that are not controlled by exempt entities. We confirm eligibility for your specific activities during our assessment.
When must we register our R&D activities?
Registration with AusIndustry is due within 10 months of the end of your income year. We track the deadline for you.
Is there a minimum spend?
In most cases eligible R&D expenditure must be at least $20,000 in the income year.
Do we still need a separate R&D consultant?
No. We handle the full claim from eligibility to lodgement.
Related services: Tax compliance · Startup bookkeeping · Cashflow management