The R&D Tax Incentive reduces the cost and risk of undertaking research and development (R&D) activities for your business. The benefit helps companies doing eligible work to create new or improved products, processes and services by reducing their tax. This step-by-step guide is designed to give small and medium sized companies an overview of the R&D Tax Incentive program. The Snapshot can kick-start your understanding of the R&D Tax Incentive. For more details please see the R&D Tax Incentive website or check out the 'More info' page.