Frequently Asked Questions
What is Kinetica Financial?
Kinetica is a revolutionary R&D financing platform developed by Mitchell Asset Management. It’s specifically designed to provide rapid, secure, and efficient financial support to SMEs claiming the research and development (R&D) tax incentive.
Why was Kinetica created?
Kinetica was created to speed up access to R&D funding for SMEs. Instead of waiting 12-18 months, we’re getting funding to you in just a few days. With our 100% online process, you could get approved and funded in just 5 days!
Can Stakeholders calculate R&D claims?
Absolutely! Our website features a specialised R&D Calculator for stakeholders to estimate potential R&D Tax Claims.
Who can apply?
You can apply if you are a company undertaking R&D in Australia. You can apply on behalf of the company if you are a director or an authorised representative such as a CEO, CFO, Finance Manager, or R&D Agent.
How long does it take to apply?
Our application process is seamless and efficient, requiring just 20 minutes to complete online.
What documents will I need?
To complete your application, you’ll need:
- Tax Agent details, including address, contact details, and Practitioner ID.
- Director details, including date of birth, Director ID, address, contact details.
- Bank account details (Bank name, BSB, account number).
Our flexible application process allows for submission with partial documentation. However, it’s ideal to have:
- R&D Application
- Copy of AusIndustry Registration Certificate
- R&D Tax Schedule
- Letter of Advice from Tax Agent and/or R&D Tax Agent outlining R&D activities and expenditures
- Income tax return
- Company Bank Account Statement
- Screenshot of Current ATO Portal detailing outstanding tax liabilities
I don’t have all my documents?
No worries! We accept partial document applications. You can come back at any time as the portal saves your progress as you go!
Am I eligible?
Companies with a valid AusIndustry Number, claiming the research and development (R&D) tax incentive, may be eligible. This Federal Government program offers cash incentives of up to 43.5 cents in the dollar to eligible companies that meet certain legislative provisions under the Australian Income Tax Assessment Acts.
What is the RDTI?
The Research and Development Tax Incentive (RDTI) is a Federal Government program offering cash incentives of up to 43.5 cents in the dollar to eligible companies that meet legislative provisions under the Australian Income Tax Assessment Acts.
What security do you take?
We secure our financing with a general security deed over the company.
What are your fees?
We pride ourselves on transparency and simplicity. While we have no upfront fees, we will communicate any application fees and legal fees upon approval, ensuring clarity every step of the way.
What are your interest rates and how do you pay them?
Our interest rates are communicated upon approval, tailored to suit your specific financial needs. Interest is taken in advance to facilitate easy access to funds, with no monthly interest charges. This approach ensures that the money in your account is readily available for your use, empowering you to achieve your goals with confidence.
Unlock the potential of your R&D tax incentive so your can access your refund sooner.
Contact us
Contact the Kinetica team today to find out how we can help improve your company’s cash flow by bringing forward your R&D tax refund. No matter how big or small your company is, wherever you are in Australia, or whether it’s your first R&D tax refund or if you’ve applied before – we look forward to hearing from you.