Due to the timing of the upcoming Federal election, the 2025 Federal budget will be held on Tuesday 25 March 2025, which is earlier than the traditional May timeslot. It is probably unexpected that there will be any R&D Tax Incentive changes announced in the March 25 Federal budget given that: There was a material change announced only recently in the December 2024 MYEFO, which announced exclusion of R&D activities related to gambling and tobacco from eligibility for income years starting on or after […]
Swanson Reed has recently compiled a series of training videos providing updated material on the R&D Tax Incentive. Benefits available to companies under the R&D Tax Incentive are substantial; however, companies must suitably self-assess and record their activities to meet specific requirements on eligibility and documentation. The videos in our series compiled in March 2025 include topics that explain key decisions or guidance published by ATO and AusIndustry. In some cases they also cover decisions handed down by courts and tribunals on R&D Tax […]
Watch this video for an insightful summary of the latest R&D Tax Incentive Industry Update, produced in February 2025: AusIndustry Software Sector Guidance and Hypothetical Machine Learning Case Study An increasing amount of software development activity in recent years focused on artificial intelligence and/or machine learning, which in turn is leading to more R&D claims involving machine learning. This likely led AusIndustry to release new guidance, being a hypothetical machine learning case study in September 2024. This hypothetical case study […]
Watch this video for an insightful summary of the latest R&D Tax Incentive Industry Update, produced in February 2025: Changes to Extension of Time Request Processes for R&D Applications Where relevant, the content of this video may have been based on guidance publications released by AusIndustry and the ATO. Additional guidance material on the R&D Tax Incentive is often progressively published by the programme regulators on their respective websites: ATO AusIndustry