Recent News

AusIndustry Information Sessions in September 2024

September 9th, 2024

AusIndustry have announced they will be conducting a R&D Tax Incentive Registration webinar on Wednesday, 11 September. This webinar is aimed at small to medium businesses that already have a basic understanding of the R&D Tax Incentive program and notes that it will cover: How the registration process works; The types of information to include in your application; The importance of record keeping and the types of evidence you need to keep. Information for registration to attend the session is […]

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Assessment of AI related activities under the R&D Tax Incentive and potentially emerging compliance focuses

August 12th, 2024

Artificial Intelligence (AI) has been a hot topic in recent years with more companies seeking to utilise the technology in order to capitalise on gains in capability and efficiency. Increasing numbers of companies are investing in AI developments and anecdotally, this probably means an increasing number of companies submitting claims for AI related developments under the R&D Tax Incentive. However, whilst AI is a relatively new and developing field, companies need to be careful not to assume that projects involving […]

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AusIndustry Changes to Advance and Overseas Finding R&D Application Forms

July 29th, 2024

Companies seeking to claim expenditure for overseas activity incurred by an Australian company under the R&D Tax Incentive must apply separately to claim these costs by first lodging an Overseas Finding Application with AusIndustry. Also, companies seeking AusIndustry’s view on eligibility of activities can lodge an Advance Finding Application with AusIndustry. Ausindustry have announced this week that an updated version of the Advance and Overseas Finding (AOF) form is now available through the R&D Tax Incentive customer portal. All  applicants are now required to […]

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Swanson Reed presenting R&D Tax update at MSIA Event – July 2024

July 15th, 2024

Swanson reed is providing an update on the R&D Tax Incentive at an event on Thursday, July 25th, 2024 in Brisbane presented by MSIA (Medical Software Industry Association). The 2024 MSIA Brisbane event is being held in conjunction with the Australian Digital Health Agency (ADHA) to provide a full day of updates and insights in Digital Health. Swanson Reed’s update will provide an update on R&D Tax including insight into current policy discussions leading into the upcoming review of Australia’s […]

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