General Information

Former Labor Government Senator and Industry Minister Kim Carr Comments on Government R&D Policy

June 19th, 2023

Former Labor Government senator and industry minister Kim Carr authored an opinion article in the AFR on 18 June 2023 titled “Has Labor written off its promise to supercharge R&D?” Notable points in the article include: The Labor Party’s stated policy aim is to lift R&D expenditure from 1.8 per cent of GDP to 3 per cent by 2030. That is an appropriate ambition. In fact, it has been Labor policy since 2014. But we are going backwards; The challenges […]

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Nufarm Ltd’s Plant-based Fish Oil Substitute Could Become a Billion Dollar Industry

June 14th, 2023

Melbourne-based Nufarm Ltd is a pioneer and leader in development of Agricultural technologies and offers a range of crop protection and seed technology solutions. The company’s annual report for the YE 30 September 2022 reports a research and development expenditure of $51M. In recent years Nufarm Ltd (via its subsidiary entity Nuseed), has invested in the development of Aquaterra® as a partial replacement for marine ingredients. While plant-based protein alternatives to fish meal have been available for years, a market […]

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The link between Business R&D, Productivity, Inflation and Interest Rates

June 8th, 2023

Australia and its global peers have experienced a rapid rise in interests rates over the past 12 months to combat high and persistent inflation. In recent months, Australia’s RBA Governor and Treasurer have begun to mention the importance of improving Australia’s productivity as a means of addressing the inflation issues. The Australian and AFR newspapers today have noted that: A 4.6 per cent plunge in ­labour productivity in the year to March came as figures released by the Australian Bureau […]

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Important R&D Tax Associate Entity Payment Rule Considerations Approaching End of the Financial Year

June 1st, 2023

The R&D Tax Incentive includes a related party integrity provision whereby if a company incurs R&D expenditure to an associate, it must pay that amount in the same year to claim a notional deduction for that amount in that year (provided all other eligibility requirements for the R&D tax incentive are met). Associates are those entities that, by reason of family or business connections, might appropriately be regarded as being associates of the R&D entity, and relevant examples of the […]

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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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