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$24 million cash boost for grains industry research and development
May 4th, 2018The State Government has announced a $24 million cash boost for the grains industry research and development (R&D). This significant investment marks an important step in keeping the industry competitive against the rising threat of Black Sea Competition.
The $24 million funding contributes to the already $21 million invested into the WA grains research industry for the next four years.
This significant investment will give WA’s grain industry the necessary support to becoming more productive and remaining competitive in times of unprecedented international competition.  In addition, this commitment from the government to the grains research industry will help leverage co-investment from the Federal Government and other sources.
A new $11.5 million purpose-built Grains Research Facility in Northam has also been opened recently which provides a scientific hub for collaborative field research by public and private sectors. R&D work to be carried out at the facility includes the development of new grain varieties and cropping systems, improving soil fertility and crop nutrient availability, and management of pests, weeds and diseases in hope to enhance profitability for WA growers.
Companies in any industry undertaking innovative work may be eligible for the R&D Tax Incentive. If your company is involved in developing novel solutions, take our online eligibility quiz to find out whether you qualify for a tax rebate.
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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 & 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 […]
