Swanson Reed News

Statutory Deadline for FY23 R&D Claims is Next Month

March 7th, 2024

Companies seeking to register R&D Activities conducted during the Year Ended 30 June 2023 (companies that have a Standard YE for tax) who are yet to do so should note that the Registration Deadline is 10 Months after YE, and 30 APRIL 2024. The blanket and automatic extensions granted during COVID do NOT apply any longer or for FY23 claims. Extensions of time may be available in certain situations, and extension applications lodged BEFORE the original deadline are viewed much more favorably. However, recent […]

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New Requirements to Publish R&D Expenditure Claim Information in 2024 – Video

March 5th, 2024

  As part of the changes made to the research and development tax incentive (R&DTI) from 1 July 2021, the ATO is now required to publish information each year about R&D entities and the R&D expenditure they’ve claimed. This video investigates how these changes promote transparency and accountability in the R&DTI. 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 […]

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Research & Development Software Sector Guidance Update May 2023

March 5th, 2024

Please view the Research & Development Software Sector Guidance Update May 2023 via the video posted above. 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

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AAT Case Lakes Oil N.L. and Industry Innovation and Science Australia [2023] – Video

March 5th, 2024

Please view AAT Case Lakes Oil N.L. and Industry Innovation and Science Australia [2023] via the video posted above.   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

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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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