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New AusIndustry Guidance released to assist R&D applicants

December 5th, 2016

AusIndustry have recently released new guidance material to help companies and tax advisors correctly identify and register for the R&D Tax Incentive in the fields of software development, agriculture, building, construction, and mining. This guidance material includes specific examples and information on AusIndustry’s expectations for participants registering activities under the R&D Tax Incentive in these fields. The four new Specific Issues Guidance documents are: Getting software development R&D Tax Incentive claims right Getting building and construction R&D Tax Incentive claims right Getting mining R&D Tax Incentive claims right Getting farming R&D […]

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R&D Spending Trends Among the Global Innovation 1000

November 28th, 2016

R&D Spending Allocation Trends Strategy&Business conducted a Global Innovation 1000 study of the top public companies spending the most on R&D to strengthen their brand from 2010 to 2015. The study found that while overall R&D spending is increasing, the areas of research and development allocation are shifting towards increased software offerings. Why Shift Towards Software? As software capabilities are rapidly developing there are increasing opportunities to develop product offerings to include additional features catering to demands for advanced services […]

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Is R&D A Valuable Measurement of Innovation?

November 24th, 2016

                The Relationship Between R&D and Innovation It is well known that when performed effectively research and development (R&D) can increase the value of a company. However, Forbes writes that this is commonly misconstrued as it has been claimed that research and development spending directly translates to a measure of innovation. While R&D and innovation do correlate, they are not a perfect formula. Tendayi said, “having a great R&D process and achieving market […]

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How R&D Spending Correlates to Innovation

November 23rd, 2016

          From 2015 to 2016 North America increased R&D spending by 8% rising close to $300 Billion as Europe, Japan and the Rest of the World including Australia fell by 9%, 8% and 3% respectively and China rose by 19%. Many of 2016’s Most Innovative Companies invested over $8 billion in R&D (research and development) this year as calculated by Strategy & Business. Apple and Alphabet, formerly known as Google, have maintained first and second in […]

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