Businesses are increasingly leveraging Artificial Intelligence (AI) to streamline various tasks in a bid to achieve significant time savings and efficiency gains. However, when using AI to assist in the drafting of documents that present legal obligations (such as an R&D Application), care should be taken to ensure the information disclosed is correct. In recent months, we have observed a growing trend of companies using AI to assist with the collation of the initial draft content for their Research and […]
Companies are now able to register R&D Activities conducted during the year ended 30 June 2025 (FY25) with AusIndustry. For the FY25 period, the application process is again administered through the online AusIndustry customer portal which was introduced for the prior FY21 period. AusIndustry has announced recently that there will be a new R&D Registration form released in August 2025. The Announcement was as follows: On 15 August 2025, an updated version of the R&D Tax Incentive (R&DTI) registration application […]
The Australian Industry Group (Ai Group®) is a peak national employer organisation representing traditional, innovative and emerging industry sectors. Ai Group is considered one of the leading business advocacy organisations in Australia. Ai Group has recently published their submission to The Australian Government’s strategic examination of the research and development (R&D) system. The Ai Group submission includes some notable points on the R&D Tax Incentive including: A note that tax incentives and grants are valuable, however they can require a high level of administrative resources; […]
SR Tax Services Pty Ltd (trading as Swanson Reed) is a registered tax agent (Registration number 03718008). The Tax Practitioners Board (TPB) is the authority responsible for regulating Australia’s tax agents. The Government package of reforms to strengthen the integrity of Australia’s tax system has presented additional compliance and disclosure requirements for tax agents which apply to Swanson Reed from July 2025. As part of these reforms, Swanson Reed has an obligation to keep parties informed on a […]