04. June 2019 - 18:00 till 20:30
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The R&D Tax Summit for Startups | | Tuesday, 04. June 2019

Event DescriptionThe R&D Tax Summit for Startups has a simple purpose - with the ATO's crackdown on the R&D tax incentive, many startup founders are unsure about where they stand and what to do next. We have heard stories of founders leaving as much as $350,000 on the table, as they are too scared to apply under the new schem. It doesn't have to be this way. You can apply for the R&D tax incentive with confidence, as long as you take the right steps and avoid the pitfalls.
What is the R&D Tax Incentive?Provides a tax offset for some of a company's cost of doing eligible research and development (R&D) activities by reducing a company's income tax liability. Tax offsets of 43.5% or 38.5% are available for costs incurred on eligible activities depending on a company’s annual aggregated turnover. The 43.5% benefit is a refundable offset.
The R&D Tax Summit will help with:Give founders the opportunity to hear from four experts in the fieldAllow founders to be confident in their startup's eligibility for the R&D tax incentiveInform founders on how they might proceed with a claim.
The event will have a 40 minute moderated expert's discussion, followed by 30 minutes of Q&A and 1 hour of networking time.
The Summit will be completely free for founders, and best suits those founders who have either applied for R&D tax credit in the past, or are planning to apply for the first time.

David Gelb, Global Head R&D Tax Incentives, KPMG Australia
David is KPMG's Global R&D Tax Incentives Partner, and has over 20 years experience in advising on R&D tax issues. KPMG is the largest R&D adviser in Australia and has assisted many of companies to obtain significant tax concessions. David's global role has involved meetings with many tax and industry policy officials throughout the world in relation to R&D tax policy matters.
David leads a team with expertise in the R&D issues facing key sectors of the Australian economy. His specific experience includes:
 - Providing advice to large companies in relation to R&D tax incentives and Government grants for R&D and innovation.
 - Preparation and review of R&D tax incentive applications.
 - Advising governments on R&D policy issues.
 - Undertaking global R&D reviews.

Dr Rita Choueiri, Director R&D Tax Incentives, William Buck
Rita's a keen promoter of innovation. It is important to her that Australian companies continue to innovate to enable them to ultimately compete on a global scale. She is an experienced, accomplished and highly regarded R&D specialist. She was previously at PwC for over 10 years as an R&D Incentive consultant and prior to that was a research scientist at BHP Billiton.
As a chemist, Rita is able to build an instantaneous rapport with her clients. "When they learn that I am not an accountant, I can see the change in their responses to my technical queries. They provide me with the technical details rather than talking about projects at a high level," she says, allowing her to assess the information and interpret the projects' alignment with R&D law more accurately.
Closing common gaps, she sees in project descriptions by explaining what, why and how technical challenges are overcome through experimentation has earned Rita an enviable reputation of not having any of her claims reviewed by AusIndustry.

About our Partners

William Buck is a leading firm of Chartered Accountants and advisors with offices across Australia and New Zealand. Established in 1895, we have over 100 directors and 600 professional staff, and are wholly owned and operated in Australia and New Zealand. Throughout our history, we have assisted individuals, progressive businesses and community organisations, with a particular focus on the middle market. Remaining true to our core client base has enabled us to develop a depth of knowledge and expertise specific to our clients’ needs. William Buck offers an integrated services model, we listen closely to your needs and bring together the relevant professionals across a number of specialities and locations; providing a responsive, personalised solution. Bringing our services together in a truly integrated manner ensures that you receive the right advice at the right time and derive long-term value from your relationship with us.

KPMG are are a global network of professional firms providing a full range of services to organisations across a wide range of industries, government, and not-for-profit sectors. Our service areas are Audit, Assurance & Risk Consulting; Deals, Tax & Legal; Management Consulting; and Innovation & Digital Solutions. We operate in 153 countries and have more than 200,000 people working in member firms around the world. In Australia, KPMG has a long tradition of professionalism and integrity, combined with our dynamic approach to advising clients in a digital-driven world. We have approximately 6,700 people, including over 400 partners, with offices around the country. Amid times of economic change, technology advancement and industry disruption, KPMG has the depth of expertise, global reach, clarity of insight and strength of purpose to work shoulder to shoulder with our clients – now and into the future.