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ASX Listed Software Company Receive AusIndustry Finding That R&D Activities Are Not Eligible
July 30th, 2019XPED LIMITED has announced to the ASX that the company has received notice from AusIndustry of a finding assessing certain registered activities as ineligible under the requirements of the R&D Tax Incentive for the FY18 period. XPED LIMITED had previously announced in the company’s interim report for the half year ended 31 December 2018 that a Refundable R&D offset of $1,634,607 was received in respect of the Technology Development segment of the business, which is focused on development of Internet […]
Why Australia Should Change its Attitude on Innovation
July 3rd, 2019Three months ago, SpaceIL, a privately owned Israeli company, conducted a spacecraft project that made history when it landed on the moon. The landing, however, was disastrous, with the robot crashing onto the moon surface. Despite this set back the team behind the robot (named Beresheet) did not see this as a setback but rather as an opportunity to inspire a new generation of innovators. Following this year’s reports with Israel named the world’s most innovative nation, prominent Australian women […]
Success of Australian Software Companies Linked to Investment in R&D
June 10th, 2019A recent article published by AFR weekend has highlighted how investment in R&D has played a crucial role in the success of two growing local companies: Atlassian and Xero. Despite significantly growing revenues, both Atlassian and Xero have maintained a significant investment in R&D and product developments (figures quoted in the AFR article are R&D Spending of 36% and 31% of revenue respectively). Both companies have enjoyed continued success and significant rises in the value of their shares over recent […]
AIIA Says R&D Tax Incentive Is Crucial For Australian AI Development
March 29th, 2019The Australian Information Industry Association (AIIA) has stated that government, industry and researchers must work together to ensure solutions are developed for potential opportunities and issues posed by artificial intelligence (AI) products and services. Chief Executive Ron Gauci said that a focus on skills development and an effective R&D Tax Incentive programme would encourage a more favourable business environment for innovation, commercialisation and export of Australian AI products. He said that without strong government support, Australia will struggle to compete […]
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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.
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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.
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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.
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News & Research
News & Research
News & Research30 April Statutory Deadline for FY23 R&D Claims – One Week to Go
There is one week to go until the deadline for FY23 R&D Registrations. 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 […]
The 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 […]
