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Industry Specific Issues

Mature Companies vs Start-ups: R&D Tax Incentive Benefits

May 6th, 2016

In today’s modern society, businesses are moving at an accelerated pace and bigger companies are facing threats from smaller, digital competitors. At present, few companies can escape the all-pervasive impact of digital disruption as it streamlines business relationships, overhauls logistics processes and revolutionises markets across every sector. Yet, when an organisation matures to a medium or large concern, it can lose some of the innovative drive which brought its success, and thereafter begins to fade. Innovation, by its very nature, involves taking risks […]

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Two New Tax Incentives for Startups Confirmed

May 5th, 2016

Customarily, when people consider innovation they often concentrate on the end product – i.e. the app, the software or the piece of hardware. However, they generally dismiss the steps beforehand that are essential in developing the aforementioned innovative artefact. In particular, policies can play a large part in the innovation process. In relation to this, there have been significant announcements regarding innovation policies of late. On Tuesday night, the 2016-17 Federal Budget was released, which notably proposed changes to lower […]

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Budget Breakdown: Key Considerations for the R&D Tax Incentive

May 4th, 2016

Over the last twelve months there has been substantial activity in respect to the research and development (R&D) tax incentive with various announcements broadcasted by the government and a declaration of a review of the programme. As a result, the discourse of business and government in Australia is rife with mentions to innovation, disruption and dexterity.  Last night, the treasury announced the 2016-2017 budget, signifying a major step in making Turnbull’s innovation goals a reality. In light of this, the […]

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Final Days to Register Activities for the R&D Tax Incentive

May 2nd, 2016

This year, April 30 transpired on a Saturday which has subsequently extended the R&D tax incentive registration deadline to today (2 May 2016). Moreover, as it is a public holiday in Queensland today, Queensland-based entities may lodge registrations until tomorrow (3 May 2016). As per previous years, the R&D tax incentive registration deadline is 10 months after a company’s financial year end. Thus, for companies with a June 30 financial year-end, they will typically need to register their R&D activities […]

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