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R&D Tax Registrations – Upcoming Deadlines

October 10th, 2022

Companies seeking to register R&D Activities conducted during the Year Ended 31 December 2021 (companies that have a December YE for tax) who are yet to do so should note that the Registration Deadline is the end of October 2022. The blanket and automatic extensions granted during COVID no longer apply, and the statutory deadlines revert to normal (10 months after the end of the financial year). There are mechanisms available under the IR&D Act and IRD Decision making provisions that allow […]

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ATO Update 2022 R&D Schedule Instructions

September 12th, 2022

R&D Claims for the YE 30 June 2022 involve a number of changes from prior years, reflective of the legislative amendments arising in the October 2020 budget. These amendments change the mechanisms for calculation and reporting of R&D Tax offsets to the ATO, which also presents the need for corresponding changes in the company tax return. In late May 2022, the ATO released its Research and development tax incentive schedule 2022 (NAT 73794), with corresponding changes to the labels within. […]

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The Tax Institute 2017 Property and Construction Seminar

January 30th, 2017

Swanson Reed invites you to attend The Tax Institute’s 2017 Property and Construction seminar. Damian Smyth, Principal, and Gloria Lim, Senior Manager, will be presenting an informative session discussing R&D tax incentive issues relevant to the construction industry. About the event The Tax Institute 2017 Property & Construction intensive is the essential professional development seminar for in-house finance and tax resources and tax practitioners that have exposure to the property and construction industries. Now extended to two full days of sessions, this popular […]

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Omnibus Bill – Reduction in R&D Tax Offset Rate

September 19th, 2016

The Omnibus Bill passed both houses of parliament last week and included $6.5 billion of savings measures. Included within these measures was a uniform 1.5% reduction in the R&D Tax Offset rates applying for income years starting on or after 1 July 2016. Whilst returning the budget to surplus is an important task for the government, this reduction is disappointing as the R&D Tax Incentive is the primary mechanism for inducing corporate investment in R&D Activity. The stability of the […]

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