March, 2025

March 2025 Federal Budget Update: No material R&D Tax Incentive changes, Strategic R&D Review still underway

March 26th, 2025

Due to the timing of the upcoming Federal election, the 2025 Federal budget was held on on Tuesday 25 March 2025, which is earlier than the traditional May timeslot. Going into the budget, it was unexpected that there would be R&D Tax Incentive changes announced given that: There was a material change announced only recently in the December 2024 MYEFO, which announced exclusion of R&D activities related to gambling and tobacco from eligibility for income years starting on or after 1 July 2025; The Government […]

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Treasurer Ed Husic’s Comments on R&D Tax Policy ahead of March 25 Federal Budget

March 18th, 2025

Due to the timing of the upcoming Federal election, the 2025 Federal budget will be held on Tuesday 25 March 2025, which is earlier than the traditional May timeslot. It is probably unexpected that there will be any R&D Tax Incentive changes announced in the March 25 Federal budget given that: There was a material change announced only recently in the December 2024 MYEFO, which announced exclusion of R&D activities related to gambling and tobacco from eligibility for income years starting on or after […]

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Swanson Reed’s Online R&D Tax Workshop – Updated March 2025

March 14th, 2025

Swanson Reed has recently compiled a series of training videos providing updated material on the R&D Tax Incentive. Benefits available to companies under the R&D Tax Incentive are substantial; however, companies must suitably self-assess and record their activities to meet specific requirements on eligibility and documentation. The videos in our series compiled in March 2025 include topics that explain key decisions or guidance published by ATO and AusIndustry. In some cases they also cover decisions handed down by courts and tribunals on R&D Tax […]

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AusIndustry Software Sector Guidance and Hypothetical Machine Learning Case Study – February 2025

March 3rd, 2025

Watch this video for an insightful summary of the latest R&D Tax Incentive Industry Update, produced in February 2025: AusIndustry Software Sector Guidance and Hypothetical Machine Learning Case Study An increasing amount of software development activity in recent years focused on artificial intelligence and/or machine learning, which in turn is leading to more R&D claims involving machine learning. This likely led AusIndustry to release new guidance, being a hypothetical machine learning case study in September 2024. This hypothetical case study […]

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