AusIndustry Guidance and Materials

Budget tax cuts advocated by Aus Industry Group

May 13th, 2014

According to surveys conducted by the Australian Industry Group, 70 per cent of the 364 businesses surveyed said reducing the tax burden was one of their top three priorities for the Budget. Increasing spending on infrastructure and calling for the Government to bring the Budget into balance over the next five years were also ranked as high priorities. Among the business community there were high priorities placed on increasing the spending on training and apprentices and raising tax incentives for […]

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Important changes to AusIndustry’s r&d activites form

October 20th, 2013

Last week, AusIndustry released version 5 of the R&D activities form. The application now requires more information from the Applicant regarding the nature of core and supporting activities alongside additional administrative information. Whilst the new requirements will require more time and input to complete, Swanson Reed views the changes as positive since Applicants must explicitly assert how their activities are eligible under the legislation. Swanson Reed recommends that all applicants spend sufficient time addressing the requirements of the expanded application […]

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AusIndustry R&D Tax Incentive Workshops

May 8th, 2013

The R&D Tax Incentive provides targeted, generous and easy to access support for eligible R&D activity. Companies are able to register and claim the new R&D Tax Incentive benefit from 1 July 2012. AusIndustry is holding registration ready workshops to help SME’s, first time registrants and smaller consultants/ tax agents better understand and register for the R&D Tax Incentive. The workshops aim to provide an overview of the program covering the following: general knowledge and benefits of the program the program’s eligibility […]

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Are You Prepared for an AusIndustry Audit?

April 19th, 2013

Receiving an AusIndustry ‘Request for Further Information’ (or RFI) can be a daunting thing. The important thing to remember that all companies at some point in time will be monitored through the AusIndustry Compliance Continuum. The RFI is just one of the way’s for AusIndustry gather information for this purpose, so there is no need to panic. As the R&D Tax Incentive is a self-assessed claim, AusIndustry issues RFIs to ensure that all companies claiming the incentive remain accountable for […]

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