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R&D Tax Registrations – Deadline this month

October 1st, 2024

Companies seeking to register R&D Activities conducted during the Year Ended 31 December 2023 (companies that have a December Year End for tax) who are yet to do so should note that the Registration Deadline is the end of October 2024. The extensions granted during COVID no longer apply, and the statutory deadlines revert to normal (10 months after the end of a company’s financial year). There are mechanisms available under the IR&D Act and IRD Decision making provisions that allow for […]

‘Made in Queensland’ Round 7 Grant Applications

September 23rd, 2024

The Queensland Government has announced that Round 7 grant applications for their Made in Queensland (MIQ) Grant will open on September 24th. MIQ offers grants up to $2.5 million for Queensland small to medium manufacturers. The program is designed to help manufacturers increase their international competitiveness, productivity and innovation, and generate high-skilled jobs for the future by purchasing and implementing new and advanced equipment or technologies as part of operations. Whilst companies that can attain grant funding should look […]

AusIndustry Information Sessions in September 2024

September 9th, 2024

AusIndustry have announced they will be conducting a R&D Tax Incentive Registration webinar on Wednesday, 11 September. This webinar is aimed at small to medium businesses that already have a basic understanding of the R&D Tax Incentive program and notes that it will cover: How the registration process works; The types of information to include in your application; The importance of record keeping and the types of evidence you need to keep. Information for registration to attend the session is […]

Recent AusIndustry explanations on registration processing timeframes

September 2nd, 2024

This time of year (shortly after financial year end) companies can often be eager to receive their R&D Registration notices to facilitate lodgement of R&D Claims within their company tax returns. This is particularly so for SME tax loss companies who may be seeking to receive Refundable R&D Tax Offsets within their tax returns. In a recent update, AusIndustry has commented on factors which impact registration processing times. The update noted: There are several factors which may impact the time it […]