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May, 2016
The Role of the R&D Tax Incentive in Australia’s Research & Innovation Future
May 10th, 2016With the release of the Australian Innovation Agenda in December 2015, Australia is experiencing significant economic and social change. Indeed, we are now entering a new era in which technology, research and ideas will become our most valuable cargo. Successfully leveraging these changes will ultimately require a social focus on innovation, collaboration and digital disruption. In regards to this, the Australian Parliament’s Trade and Investment Growth Committee have recently published its report entitled Inquiry into Australia’s Future in Research and Innovation. The report investigates […]
The Importance of Innovation in the Manufacturing Sector…
May 9th, 2016A characteristic feature of economic booms is that those caught up in the commotion believe they will go on perpetually. In this regard, Australia’s recent mining boom was no exception. Following the pattern of resource-based economies, a commodity price hike increased our terms of trade without any special effort on our part — adding 15 per cent to our national income over a six year period. Consequently, Australian industrial research and development (R&D) in the second half of the nineteenth and […]
Mature Companies vs Start-ups: R&D Tax Incentive Benefits
May 6th, 2016In today’s modern society, businesses are moving at an accelerated pace and bigger companies are facing threats from smaller, digital competitors. At present, few companies can escape the all-pervasive impact of digital disruption as it streamlines business relationships, overhauls logistics processes and revolutionises markets across every sector. Yet, when an organisation matures to a medium or large concern, it can lose some of the innovative drive which brought its success, and thereafter begins to fade. Innovation, by its very nature, involves taking risks […]
Two New Tax Incentives for Startups Confirmed
May 5th, 2016Customarily, when people consider innovation they often concentrate on the end product – i.e. the app, the software or the piece of hardware. However, they generally dismiss the steps beforehand that are essential in developing the aforementioned innovative artefact. In particular, policies can play a large part in the innovation process. In relation to this, there have been significant announcements regarding innovation policies of late. On Tuesday night, the 2016-17 Federal Budget was released, which notably proposed changes to lower […]
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Daniel McGregor2022-08-11I 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.
John2022-06-15Damian 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 Rajasingam2022-06-06Experienced 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 Esquivel2022-06-06Damian and the team at Swanson Reed have been extremely helpfully and professional during all of our consultations. Highly recommended.
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Anatole Kononewsky2022-06-02The 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 Toloo2022-06-02Damian 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 Doddy2022-05-31The 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 Watson2022-05-31We 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 Bergh2022-05-31Always professional.
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News & Research
News & Research
News & ResearchThe matter concerns an individual charged by the Commonwealth DPP for attempting to unlawfully obtain a refund under the R&D Tax Incentive. Before being charged, the taxpayer was compulsorily examined by the ATO. The individual had applied to stay the […]
2023 Annual Report for IISA: Update on R&D Tax Legal matters and litigation
Industry Innovation and Science Australia (IISA) is the government department responsible for determining whether companies’ activities meet the legislative criteria eligible under the R&D Tax Incentive. The 2022-23 Annual Report for IISA was recently released, and a section of the […]
