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Why All the Commotion Over Start-Ups?

October 27th, 2015

There is no denying Turnbull has been welcomed with predominantly open arms by the tech industry in Australia. His victory speech alone caused a wave of excitement for the digital community, with him primarily pushing for an innovative Australia that fosters start-ups. However, one may wonder, why all the excitement over start-ups and what about other industries? Undeniably, the world is becoming increasingly technologically-driven, the Internet of Things (IoT) and the rise of the ‘smart product’ is evidence enough of […]

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Pointers for Start-Ups on Claiming the R&D Tax Incentive

October 26th, 2015

There is no denying that the buzz word, ‘start-up’ has become politically fashionable as Malcom Turnbull increasingly broadcasts his enthusiasm for an innovative Australian culture. With no signs of slowing down on the innovation agenda, this week marked the beginning of ‘Start-up Week’.  Another motion leading to huge expectations of the Turnbull government’s Innovation Statement due before Christmas. Certainly, Turnbull’s passion for innovation has injected a renewed confidence in Australia’s digital future and for potential start-up companies. However, many start-ups may […]

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How the R&D Tax Credit can help build Australia’s ‘Silicon Harbour’ & Startup Community

October 23rd, 2015

Soon to be nestled on the foreshore of the Sydney Harbour is a technology marketplace that rivals the likes of Silicon Valley. That is at least the NSW government’s anticipation for Australia’s first digital district, ‘Silicon Harbour’ – a purpose built hub to unite the global giants of tech world with start-up entrepreneurs, business incubators and accelerators. Indeed, the government’s support of an innovation agenda and local start-up network is showing no signs of decelerating. However, since the technology sector is […]

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ATO Issues Warning on R&D Claims for Farming Activities

October 22nd, 2015

The Australian Tax Office and AusIndustry have issued guidance to alert companies against claiming the R&D tax incentive for business-as-usual farming activities. Expanding on this, ATO Deputy Commissioner Tim Dyce said that usual business expenditure is normally not eligible under the incentive and the law contains a number of requirements which must be satisfied in order for activities to be accepted. He further explains, “we’re seeing farmers applying soil treatments across their property, in some case thousands of hectares, which […]

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