Tech

The technology sector includes software development (fintech, agtech, edtech, regtech etc), artificial intelligence, quantum technologies, and advanced communication technologies. The sector is broad and has different needs to other industry sectors. Over more than 40 years MJA has developed tried and tested processes to navigate the complexities of constant change, both in the technology itself, and in defining R&D in this sector. We will ensure you are appropriately claiming the cost of doing R&D and can assist you access the R&D tax incentive for innovative projects at all stages of your business.

ESIC offsets are tax incentives designed to encourage investment in Early Stage Innovation Companies (ESICs). MJA’s ESIC consulting services are specifically designed to help potential Early Stage Innovation Companies in the technology sector determine whether they are able to meet the initial requirements and guide them through either the 100-point innovation test or the principles-based test, lodging a Private Ruling Application on your behalf.

Having a Private Ruling on the eligibility of your company as an ESIC gives certainty to your investors that they can access the favourable tax treatment on both acquisition and subsequent sale of complying shares in your company.

The Federal and State governments have grant programs of various sizes and complexity to assist companies undertake R&D and to commercialise new products and processes. Some of these grants are specifically aimed at companies in the technology sector, that provide enabling technology to manufacturing, renewable energy and other high-tech industries.

MJA has decades of experience in producing high quality submissions for these grant programs and can assist you by project managing the application process , including preparing the application and providing advice on supporting documentation, as well as liaising with the grant bodies post-lodgement of your application.