Swanson Reed News

A Snapshot of the R&D Tax Incentive

April 5th, 2016

With the 30 April deadline to register fast approaching, firms need to review their eligibility and start working on their application as soon as possible, or risk missing out. In light of this, we’ve provided a snapshot of the program and the eligibility requirements. The research and development (R&D) tax incentive came into effect on 1st July 2011 and encourages companies to engage in R&D by providing a tax offset for eligible R&D activities. The program is administered jointly by […]

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The Impact of Fiscal Policy: IMF Predicts a 80-Fold Return from Budget R&D Spend

April 1st, 2016

Indeed, the notion that Research and Development (R&D) makes an immense impact to innovation and competitiveness is prevalent among economists and politicians. Without a doubt, governments play a crucial role in promoting higher education and basic research. However, fiscal policies and funding incentives are also vital to nurture private R&D investment too. In fact, a recent study by International Monetary Fund (IMF) reveals that Australia’s economy could increase by an extra $80 billion if the government spent an extra $1 […]

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One Month Left Till the R&D Tax Incentive Deadline: What Do You Need To Do Claim?

March 31st, 2016

With the deadline for claiming the R&D tax incentive looming on April 30, companies must act quickly to ensure they don’t miss out on potentially significant tax benefits. In essence, any Australian firm developing or improving products, processes, or software, may be eligible. However, as at June 2014, fewer than 12,000 performing entities had registered for its benefits. This is particularly so as the R&D tax incentive is an often overlooked prospect for small and medium sized companies (SME) and start-ups, with many speciously believing […]

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New Tax Incentives for Start-Ups & Investors

March 30th, 2016

In a proposition to develop the economy away from a reliance on mining, the Australian government launched the National Innovation and Science Agenda (NISA) last December. Now, the Turnbull government has followed through on the agenda’s proposal to offer tax incentives to entrepreneurs and start-ups. The Bill, coined the Tax Laws Amendment (Tax Incentives for Innovation) Bill, was announced in March 2016 and aims to amend the tax laws to provide generous tax incentives for innovative start-ups and investors. In specific, […]

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Alex Chisholm
Principal, Melbourne
Tom Parkhouse
Principal, Sydney
Andy Nguyen
Principal, Brisbane
Holly Parkinson
Manager, Adelaide
David Greatwich
Principal, Perth
Krishna Gungaram
Manager, Hobart

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