February, 2016

Australia Launches First IoT Innovation Hub in Sydney

February 17th, 2016

Smart kettles, fridges that keep tabs on when the milk is going off, tweeting catflaps, connected keyless locks that let your cleaner in but keep your mother-in-law out — the Internet of Things (IoT) is, as they say, most definitely a thing. Whether it’s on the consumer side of wearable tech, such as gadgets that measure your heart rate or monitor your sleep, or cities with everything smart, the march towards IoT is going full steam ahead. By the turn of the […]

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Innovation in Australia: Collaborate or Cease?

February 16th, 2016

 “Innovate or Die” – the saying has become somewhat of a proverb of late in Australia as Turnbull pushes forward his Innovation Agenda in 2016. However, should the motto be “collaborate or cease” instead? To elaborate, last week an Issues Paper (PDF 611KB) was released reviewing the Australian R&D Tax Incentive. The review confirms that Australian businesses still have the lowest rates of the OECD pack when it comes to R&D collaboration with universities and other research organisations. In specific, fewer […]

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What Are the Ineligible Expenses & Expenditures Pertaining to the R&D Tax Incentive?

February 15th, 2016

If you are a firm who uses technology as a foundation for creating new or improved products or services – and the development involves investing in a degree of experimentation or prototyping – there’s a high likelihood you may be eligible for the R&D Tax Incentive. However, the fact remains that there is still quite a bit of confusion around what can and cannot be claimed. In one of our previous posts, we discussed what the ‘non core’ R&D Tax Incentive activities […]

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How Does Australia’s R&D Tax Incentive Compare to the Rest of the World?

February 11th, 2016

Internationally, governments are increasing indirect support for business R&D, particularly by the way of tax incentives. For instance, by 2011 almost 80 per cent of OECD countries had some form of R&D tax incentive in place. Hence, in a globally mobile business world, R&D investment is considered to be a key factor in enhancing skills, jobs and economic growth. Governments around the globe have and continue to increasingly recognise the attraction of tax benefits to encourage companies to invest in high-value, knowledge […]

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