Swanson Reed News

Reintroduction of legislation to reform R&D Tax Incentive

December 5th, 2019

The federal government has today reintroduced legislation to reform the R&D Tax Incentive (Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019) which is detailed here. The previous bill attempting to reform the R&D Tax Incentive did not pass through the Senate, and a Senate Economics Legislation Committee recommended that the bill should be deferred from consideration until further analysis of the bill’s impact is undertaken, particularly with respect to concerns around the proposed intensity threshold and refundable offset […]

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StartupAUS Crossroads report calls for broadening of R&D Tax Incentive to more clearly support software

December 5th, 2019

StartupAUS, Australia’s national startup advocacy group has today released its latest reports including a series of recommendations to enhance the local eco-system for fast-growing companies. Included among the recommendations are calls to allow the R&D Tax Incentive to be more easily applied to companies conducting software development activities. Some key quotes from the report are as follows: “Since its introduction in 2011 the RDTI has been a key reason for startups to employ Australians to undertake R&D, and a major […]

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Atlassian co-founder Scott Farquhar calls for stability to R&D Tax Incentive

November 28th, 2019

Speaking recently at the BESydney Global Ambassador Program annual gala dinner, Atlassian co-founder Scott Farquhar has called on the government to retain support for start-ups through initiatives such as the R&D Tax Incentive. Scott Farquhar emphasised that if governments were to ensure that Australians are creators of technology and not just consumers of inventions made elsewhere, then an appropriate environment must be in place to nurture start-ups and transitional businesses. Atlassian is listed on the NASDAQ and has been one […]

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Opposition make first comments on Innovation Policy Since Election

November 18th, 2019

At a recent speech, shadow minister for Innovation and Technology Clare O’Neil has made some high-level comments with respect to the R&D Tax Incentive and Australia’s innovation policy.   Key points from the speech included the following: Australia’s national spending on R&D is about 1.8% of GDP. World-leading countries are spending more than 4%, and the OECD average today is well above Australia’s at about 2.4%; 2016-17 was the first year R&D spending in Australia actually went backwards; Labor noted […]

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Bryce Steele
Principal, Melbourne
P: (03) 9018 5778
P: 1300 009 390
Mob: 0435 713 493
Tom Parkhouse
Principal, Sydney
P: (02) 8006 0559
P: 1300 009 390
Mob: 0435 713 493
Andy Nguyen
Principal, Brisbane
P: (07) 3221 1499
P: 1300 009 390
Mob: 0407 750 249
Holly Parkinson
Manager, Adelaide
P: (03) 9018 5778
P: 1300 009 390
Mob: 0435 713 493
David Greatwich
Principal, Perth
P: (08) 9340 3745
P: 1300 009 390
Mob: 0468 386 250
Krishna Gungaram
Manager, Hobart
P: (03) 6111 4544
P: 1300 009 390
Mob: 0435 713 493

Swanson Reed - Specialist R&D Tax Advisors
Swanson Reed - Specialist R&D Tax Advisors
39 Google reviews
Daniel McGregor
Daniel McGregor
2022-08-11
I have been using Swanson Reed for my clients for more than a decade. Having a specialist firm that can provide practical and commercial advice that produces real outcomes is very important and we have received great feedback from our clients. Highly recommended.
John
John
2022-06-15
Damian and the rest of the team at Swanson Reed have been supporting us for several years. We always appreciate their insights, expertise, and efforts.
Rueben Rajasingam
Rueben Rajasingam
2022-06-06
Experienced responsive Team. They have been a great help to me and my company navigate the R&D tax claim process and have provided invaluable advice.
Enrique Esquivel
Enrique Esquivel
2022-06-06
Damian and the team at Swanson Reed have been extremely helpfully and professional during all of our consultations. Highly recommended.
Jess at Y&C
Jess at Y&C
2022-06-03
Anatole Kononewsky
Anatole Kononewsky
2022-06-02
The Swanson Reed team have provided our company with exceptional professional advice and assistance for all of our R&D claims for many years - have always achieved great results with excellent value for their services.
Payam Toloo
Payam Toloo
2022-06-02
Damian Smyth and his team are very helpful, supportive and experts in their field of R&D Tax claims. I'm always happy with the work they do and been a customer of their for over 5 years.
Melissa Doddy
Melissa Doddy
2022-05-31
The Team at Swanson Reed are very experienced R&D Tax Advisors and gave us ongoing support with all of our R&D Claims, the consultants ensured we were always working with current legislative guidelines, gave us assistance with compiling technical and government documentation and went out their way to ensure they were with us for the entire process from beginning to end. Highly recommended to anyone who needs assistance with working through what can at times be a daunting process.
Gary Watson
Gary Watson
2022-05-31
We can highly recommend Swanson and Reed as an R & D accountant. We have worked with them for several years now as they make our R & D claim so easy and communicate quickly with both us and our accountant.
Rob van den Bergh
Rob van den Bergh
2022-05-31
Always professional.

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Swanson Reed - Specialist R&D Tax Advisors
Swanson Reed - Specialist R&D Tax Advisors
39 Google reviews
Daniel McGregor
Daniel McGregor
2022-08-11
I have been using Swanson Reed for my clients for more than a decade. Having a specialist firm that can provide practical and commercial advice that produces real outcomes is very important and we have received great feedback from our clients. Highly recommended.
John
John
2022-06-15
Damian and the rest of the team at Swanson Reed have been supporting us for several years. We always appreciate their insights, expertise, and efforts.
Rueben Rajasingam
Rueben Rajasingam
2022-06-06
Experienced responsive Team. They have been a great help to me and my company navigate the R&D tax claim process and have provided invaluable advice.
Enrique Esquivel
Enrique Esquivel
2022-06-06
Damian and the team at Swanson Reed have been extremely helpfully and professional during all of our consultations. Highly recommended.
Jess at Y&C
Jess at Y&C
2022-06-03
Anatole Kononewsky
Anatole Kononewsky
2022-06-02
The Swanson Reed team have provided our company with exceptional professional advice and assistance for all of our R&D claims for many years - have always achieved great results with excellent value for their services.
Payam Toloo
Payam Toloo
2022-06-02
Damian Smyth and his team are very helpful, supportive and experts in their field of R&D Tax claims. I'm always happy with the work they do and been a customer of their for over 5 years.
Melissa Doddy
Melissa Doddy
2022-05-31
The Team at Swanson Reed are very experienced R&D Tax Advisors and gave us ongoing support with all of our R&D Claims, the consultants ensured we were always working with current legislative guidelines, gave us assistance with compiling technical and government documentation and went out their way to ensure they were with us for the entire process from beginning to end. Highly recommended to anyone who needs assistance with working through what can at times be a daunting process.
Gary Watson
Gary Watson
2022-05-31
We can highly recommend Swanson and Reed as an R & D accountant. We have worked with them for several years now as they make our R & D claim so easy and communicate quickly with both us and our accountant.
Rob van den Bergh
Rob van den Bergh
2022-05-31
Always professional.