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AiGroup Warns of Manufacturing Recession as New Industry Minister Tim Ayres Commences

May 20th, 2025

A recent article on InnovationAus.com has covered Australian Industry Group’s (AiGroup) latest Key Industry Indicators numbers, showing that the economy slowed across 2024, and is now in the longest period of low growth since the 1991 recession. AiGroup’s Key Industry Indicators data reveals that the broader economy has seen its longest period of slow growth since the 1991 recession, but manufacturing has been hit hardest, entering a recession, with output contracting at a 1.7% per annum rate in the second […]

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Implications of May 2025 Federal Election Result on Business R&D and Innovation Policy Settings

May 6th, 2025

Business R&D and Innovation Policy settings were not focal point of the recent federal election, which was fought primarily on cost of living. The unsuccessful Opposition Coalition had announced in the lead up to the election that their policies included: Savings by: Scrapping the Future Made in Australia (FMiA) agenda, including tax credits for green hydrogen and critical minerals processing; Winding back the National Reconstruction Fund; Unwinding the expansion of the Australian Renewable Energy Agency that supports pre-commercial innovation in […]

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30 April 2025 Statutory Deadline for FY24 R&D Claims

April 28th, 2025

The deadline for FY24 R&D Registrations is on Wednesday, 30 April 2025. Companies seeking to register R&D Activities conducted during the Year Ended 30 June 2024 (companies that have a Standard YE for tax) who are yet to do so should note that the Registration Deadline is 10 Months after YE, and is 30 APRIL 2025. Extensions of time may be available in certain situations, and extension applications lodged BEFORE the original deadline are viewed much more favorably. However recent changes place a limit […]

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Swanson Reed Submission to Review of National R&D System – April 2025

April 14th, 2025

In the May 2024 federal budget, The Albanese Government announced a strategic examination and review of Australia’s R&D system to align it with national priorities and improve outcomes. The Government subsequently announced that the review would be led by Robyn Denholm, Chair of Tesla and an experienced leader in R&D at some of the world’s most innovative companies; the review panel also includes: Emeritus Professor Ian Chubb AC, former Chief Scientist and Vice-Chancellor of the Australian National University. Professor Fiona Wood AO, […]

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Daniel McGregor  profile picture
Daniel McGregor
11. August, 2022
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I 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.
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John
15. June, 2022
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Damian and the rest of the team at Swanson Reed have been supporting us for several years. We always appreciate their insights, expertise, and efforts.
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Rueben Rajasingam
6. June, 2022
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Experienced 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.
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Enrique Esquivel
6. June, 2022
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Damian and the team at Swanson Reed have been extremely helpfully and professional during all of our consultations. Highly recommended.
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Jess at Y&C
3. June, 2022
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Anatole Kononewsky
2. June, 2022
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The 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.
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Payam Toloo
2. June, 2022
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Damian 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.
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Melissa Doddy
31. May, 2022
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The 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.
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Gary Watson
31. May, 2022
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We 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.
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Rob van den Bergh
31. May, 2022
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Always professional.
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