{"id":2230,"date":"2020-01-11T15:35:13","date_gmt":"2020-01-11T03:35:13","guid":{"rendered":"http:\/\/demo.bdsaccountants.co.nz\/?p=2230"},"modified":"2021-03-31T21:35:03","modified_gmt":"2021-03-31T09:35:03","slug":"rd-is-it-for-me","status":"publish","type":"post","link":"https:\/\/www.bdsaccountants.co.nz\/insights\/planninginsight\/rd-is-it-for-me","title":{"rendered":"R&#038;D \u2013 is it for me?"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Are you looking to take your business to the next level?<\/p>\n<p>Introduce new revenue streams?<\/p>\n<p>Dig deeper into the science or technology<!--more... --> behind what you do?<\/p>\n<p>Innovation can be a hard road but with the right people and financial backing, it can be a game-changer. Right now, there are tax credits, funding programmes and other resources available that are specifically designed for Kiwi businesses aiming to increase their R&amp;D activity in New Zealand.<\/p>\n<h4><strong>Where to first?<\/strong><\/h4>\n<p>Whether you\u2019re exploring a bright idea or increasing your R&amp;D investment, talk to\u00a0<a href=\"https:\/\/www.callaghaninnovation.govt.nz\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Callaghan Innovation (opens in a new tab)\">Callaghan Innovation<\/a>. New Zealand\u2019s innovation agency connects people, opportunities and networks. They also provide R&amp;D funding support for businesses with grants such as:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.callaghaninnovation.govt.nz\/grants\/getting-started-grants\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Getting Started Grants (opens in a new tab)\">Getting Started Grants<\/a>\u00a0\u2013 best suited to businesses new to R&amp;D. Eligible businesses receive 40% off R&amp;D project costs, up to $5,000, as a one-off payment on completion of the project.<\/li>\n<li><a href=\"https:\/\/www.callaghaninnovation.govt.nz\/grants\/project-grants\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Project Grants (opens in a new tab)\">Project Grants<\/a>\u00a0\u2013 for businesses who are new to, or trying to expand their R&amp;D. Eligible businesses receive up to 40% of R&amp;D project costs; reducing for large projects, or when the business has had multiple grants. Grants are paid in arrears (monthly or quarterly).<\/li>\n<li><a href=\"https:\/\/www.callaghaninnovation.govt.nz\/grants\/student-grants\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Student Grants (opens in a new tab)\">Student Grants<\/a>\u00a0\u2013 for businesses wanting to increase their R&amp;D capability, and students wanting to develop their skills in a commercial R&amp;D environment.<\/li>\n<\/ul>\n<p>Discover how Callaghan Innovation has helped other Kiwi businesses grow at:\u00a0<a href=\"https:\/\/www.callaghaninnovation.govt.nz\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"www.callaghaninnovation.govt.nz (opens in a new tab)\">www.callaghaninnovation.govt.nz<\/a><\/p>\n<h4>Connect for success<\/h4>\n<p>Got the brainchild but no funding? You need an investor. Here are three ways to tap into people interested in helping Kiwi businesses thrive.<\/p>\n<ol>\n<li><a href=\"https:\/\/new-zealand.globalfinder.org\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Scale-Up New Zealand (opens in a new tab)\">Scale-Up New Zealand<\/a>\u00a0is a free online platform that provides information about Kiwi start-ups, investors, hubs, and multinationals, and also helps businesses connect with potential partners and investors.<\/li>\n<li><a href=\"https:\/\/www.angelassociation.co.nz\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Angel Association New Zealand (opens in a new tab)\">Angel Association New Zealand<\/a>\u00a0champions early stage business investment. It has a network of regional groups and funds throughout New Zealand, runs regular events, and offers practical resources such as shareholder agreement templates and due diligence checklists.<\/li>\n<li>The\u00a0<a href=\"https:\/\/www.newzealandinvestmentnetwork.co.nz\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"New Zealand Investment Network (opens in a new tab)\">New Zealand Investment Network<\/a>\u00a0connects Kiwi entrepreneurs with local and international angel investors.<\/li>\n<\/ol>\n<p>Already invest in R&amp;D? You might be eligible for a 15% tax credit from the 2019\/20 income year. Before you can submit a\u00a0<a href=\"https:\/\/www.classic.ird.govt.nz\/forms-guides\/keyword\/r-and-d\/research-development-tax-credit-guidance.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"supplementary return (opens in a new tab)\">supplementary return<\/a>\u00a0to obtain a tax credit, you\u2019ll need to enrol through\u00a0<a href=\"https:\/\/myir.ird.govt.nz\/eservices\/home\/_\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"myIR (opens in a new tab)\">myIR<\/a>. The rules are complex, so give us a call and we can work through the eligibility criteria and tax implications with you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Are you looking to take your business to the next level? Introduce new revenue streams? Dig deeper into the science or technology<\/p>\n","protected":false},"author":1,"featured_media":2241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[491],"tags":[],"yst_prominent_words":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v14.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>R&amp;D \u2013 is it for me? - BDS Chartered Accountants<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bdsaccountants.co.nz\/insights\/planninginsight\/rd-is-it-for-me\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"R&amp;D \u2013 is it for me? - BDS Chartered Accountants\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Are you looking to take your business to the next level? 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