What is a Registered Service Provider?
A Registered Service Provider (RSP) (previously known as a Registered Research Agency) is an organisation approved by Innovation Australia. An RSP is deemed to have appropriate scientific or technical expertise and resources to perform research and development on behalf of other companies.
There are a number of advantages that we offer our clients as a RSP:
Companies engaging an RSP for R&D activities can claim an R&D tax offset for eligible expenditure on registered R&D Activities and the threshold of $20,000 is waived.
Small and medium-sized firms are able to identify and gain access to expert R&D resources in particular fields.
Small and medium-sized firms are able to undertake R&D activities without having to invest in costly R&D equipment or specialist staff.