General Information

Statutory Deadline for FY24 R&D Claims is THIS month

April 1st, 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. This year the deadline is Wednesday the 30th of 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 on the duration of extensions available. […]

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March 2025 Federal Budget Update: No material R&D Tax Incentive changes, Strategic R&D Review still underway

March 26th, 2025

Due to the timing of the upcoming Federal election, the 2025 Federal budget was held on on Tuesday 25 March 2025, which is earlier than the traditional May timeslot. Going into the budget, it was unexpected that there would be R&D Tax Incentive changes announced given that: There was a material change announced only recently in the December 2024 MYEFO, which announced exclusion of R&D activities related to gambling and tobacco from eligibility for income years starting on or after 1 July 2025; The Government […]

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Treasurer Ed Husic’s Comments on R&D Tax Policy ahead of March 25 Federal Budget

March 18th, 2025

Due to the timing of the upcoming Federal election, the 2025 Federal budget will be held on Tuesday 25 March 2025, which is earlier than the traditional May timeslot. It is probably unexpected that there will be any R&D Tax Incentive changes announced in the March 25 Federal budget given that: There was a material change announced only recently in the December 2024 MYEFO, which announced exclusion of R&D activities related to gambling and tobacco from eligibility for income years starting on or after […]

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Swanson Reed’s Online R&D Tax Workshop – Updated March 2025

March 14th, 2025

Swanson Reed has recently compiled a series of training videos providing updated material on the R&D Tax Incentive. Benefits available to companies under the R&D Tax Incentive are substantial; however, companies must suitably self-assess and record their activities to meet specific requirements on eligibility and documentation. The videos in our series compiled in March 2025 include topics that explain key decisions or guidance published by ATO and AusIndustry. In some cases they also cover decisions handed down by courts and tribunals on R&D Tax […]

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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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