Calculator

CreditArmor / Calculator

For companies experiencing tax losses, estimating the benefit of research & development spend can be complex. At CreditArmor.ai, our Calculator 1 tool is specially designed for groups with losses greater than current-year R&D expenditure, helping accountants and finance professionals evaluate potential tax-credit outcomes and support audit readiness. CreditArmor

This tailored calculator enables you to:

  • Model scenarios where R&D expenditure exceeds taxable income and how tax losses impact claim value.

  • Provide clients with clear estimates of R&D credit potential despite loss positions.

  • Prepare the documentation trail and risk assessment for audit-defensible claims.

  • Leverage CreditArmor.ai’s expertise in structuring R&D claims in complex tax environments.

With Calculator 1, accounting teams can confidently guide clients through challenging tax-loss situations and deliver audit-ready R&D credit evaluations.

Please answer the question

Please answer all the questions first.

​Is your company in tax loss for the current year
(including tax losses carried forward from prior years)?
Yes No

​Is the sum of your current year and carry forward
tax losses greater than your current year R&D Expenditure?
Yes No

Calculator

Please enter the amount & amount should be correct number.

Group Turnover of Company (including connected or affiliated entities)

Total Company Expenses

Eligible R&D Expenses within Total Company Expenses

Opening Balance of Tax Losses

Prima Facie Taxable Income (Pre R&D/Application of Tax Losses)

Add R&D Expenditure Forfeited as deduction/Claimed as Offset

Less Tax Losses Applied to Current Year Income

Revised Taxable Income

Tax Payable on Above 30%

Credit for R&D Tax Offset

Net Tax Payable/(R&D Offset Refundable)

 

to Email this info to your email.

Disclaimer:
The Australian Tax System is complex and this calculator only yields an estimate of potential benefit. This is intended as a quick guide and must not be used as a calculator for use in the preparation of an R&D tax schedule or calculation of R&D tax beneift. Further, it must not be used as a substitiute for professional advice.

Assumptions:
Group Turnover of company is equal to assessable income of company
Total Company expenses are fully taxable
No other deductions or entitlements considered
No other tax liabilities considered


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