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Flight Centre Uses Technology Investment to Increase Productivity on Path Back to Profitability and Dividends

August 31st, 2023

Major Australian travel agency Flight Centre Ltd released its annual report this week. The report sees the company return to generating profit and paying dividends after a period of crisis during the pandemic. What some people may not realise is Flight Centre is largely a technology-driven business. The company has a large Software development expenditure annually, noting that: Software Intangible asset additions during FY23 exceeded $70M per the intangible asset note in the financial report; In addition, Research costs associated […]

Major Australian R&D Advisor (BourkeHood) has Kordametha appointed as Adminstrators

August 28th, 2023

As reported in the Media and in Notices published in ASIC earlier in the month, BourkeHood Pty Ltd has entered administration with KordaMentha having been appointed. This development may impact some companies seeking to lodge claims early in the new financial year to facilitate receipt of Refundable R&D Tax Offsets for FY23. For impacted companies, we recommend that you refer to the websites of the programme regulators (AusIndustry and ATO) to familiarise yourself with the programme requirements. For companies whose activities are eligible and documented […]

BCA “Seizing the Moment” Report Flags Importance of R&D Tax Incentive and Addressing Productivity Issues

August 24th, 2023

This week, the Business Council of Australia (BCA) released a report titled “Seizing the Moment“which proposes a plan to reverse the nation’s productivity slump and drive competitiveness. The report warns that Australia can’t just keep relying on good luck to create economic success. The BCA highlights that if Australia wants sustained wage growth and to maintain full employment, we need a reinvigorated economic growth agenda driven by large-scale investment, higher productivity, and greater innovation. The R&D Tax Incentive is also […]

Government Proposes Enormous Increase in Maximum Fines for Firms Engaged in Tax Exploitation Schemes

August 14th, 2023

In response to the recent scandals in the tax profession, the Government has proposed to increase maximum fines on firms engaged in tax exploitation scheme by around 100 times. The move would see firms face fines of up to $780m for exploiting tax loopholes, and other changes made to regulators’ powers. The promoter penalty laws are concerned with arrangements that avoid or evade tax, and where the benefit claimed isn’t available under the tax laws. They are collectively referred to […]

Daniel McGregor

11. August, 2022

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.

John

15. June, 2022

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.

Rueben Rajasingam

6. June, 2022

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.

Enrique Esquivel

6. June, 2022

Damian and the team at Swanson Reed have been extremely helpfully and professional during all of our consultations. Highly recommended.

Jess at Y&C

3. June, 2022

Anatole Kononewsky

2. June, 2022

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.

Payam Toloo

2. June, 2022

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.

Melissa Doddy

31. May, 2022

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.

Gary Watson

31. May, 2022

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.

Rob van den Bergh

31. May, 2022

Always professional.

What Our Clients Say

         Posted on Google  
   
   Daniel McGregor  
 11. August, 2022
 
 
 Trustindex verifies that the original source of the review is Google.  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.
  
 
 
      Posted on Google  
   
   John  
 15. June, 2022
 
 
 Trustindex verifies that the original source of the review is Google.  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.
  
 
 
      Posted on Google  
   
   Rueben Rajasingam  
 6. June, 2022
 
 
 Trustindex verifies that the original source of the review is Google.  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.
  
 
 
      Posted on Google  
   
   Enrique Esquivel  
 6. June, 2022
 
 
 Trustindex verifies that the original source of the review is Google.  Damian and the team at Swanson Reed have been extremely helpfully and professional during all of our consultations. Highly recommended.
  
 
 
      Posted on Google  
   
   Jess at Y&C  
 3. June, 2022
 
 
 Trustindex verifies that the original source of the review is Google.  
  
 
 
      Posted on Google  
   
   Anatole Kononewsky  
 2. June, 2022
 
 
 Trustindex verifies that the original source of the review is Google.  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.
  
 
 
      Posted on Google  
   
   Payam Toloo  
 2. June, 2022
 
 
 Trustindex verifies that the original source of the review is Google.  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.
  
 
 
      Posted on Google  
   
   Melissa Doddy  
 31. May, 2022
 
 
 Trustindex verifies that the original source of the review is Google.  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.
  
 
 
      Posted on Google  
   
   Gary Watson  
 31. May, 2022
 
 
 Trustindex verifies that the original source of the review is Google.  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.
  
 
 
      Posted on Google  
   
   Rob van den Bergh  
 31. May, 2022
 
 
 Trustindex verifies that the original source of the review is Google.  Always professional.
  
 
 
  
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News & Research

Draft legislation released for R&D Tax Measures announced in May 2026 Federal Budget

In the Federal Budget handed down on 12 May 2026, The Government proposed major structural changes to the R&D Tax Incentive (RDTI) proposed to commence on 1 July 2028. Proposed reforms announced in May 2026 include: Increasing the offset for […]

DISR Agrifood sector guide for the R&D Tax Incentive

DISR has recently published new specific guidance for the sector. The guidance, titled ‘Agrifood sector guide for the R&D Tax Incentive’ includes worked examples of R&D activity assessment and relevant records claimants should keep. Companies and stakeholders interacting with the […]

General Information

Flight Centre Uses Technology Investment to Increase Productivity on Path Back to Profitability and Dividends

Major Australian R&D Advisor (BourkeHood) has Kordametha appointed as Adminstrators

BCA “Seizing the Moment” Report Flags Importance of R&D Tax Incentive and Addressing Productivity Issues

Government Proposes Enormous Increase in Maximum Fines for Firms Engaged in Tax Exploitation Schemes

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General Information

Flight Centre Uses Technology Investment to Increase Productivity on Path Back to Profitability and Dividends

Major Australian R&D Advisor (BourkeHood) has Kordametha appointed as Adminstrators

BCA “Seizing the Moment” Report Flags Importance of R&D Tax Incentive and Addressing Productivity Issues

Government Proposes Enormous Increase in Maximum Fines for Firms Engaged in Tax Exploitation Schemes

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What Our Clients Say

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