AusIndustry have announced that on Thursday the 24th of August, they will be conducting a joint event with the ATO to provide introductory level information regarding the R&D Tax Incentive. The sessions are noted as covering: The benefits offered by R&D Tax Incentive Who can apply What R&D activities and expenditure are eligible The importance of record keeping When and how to apply Information regarding registration to attend the session is available on the AusIndustry website. Please get in touch […]
Gladstone based ALPHA HPA (ASX: A4N) has commercialised the world’s first adoption of the solvent extraction (SX) purification technique to aluminium to produce a growing range of ultra-high purity aluminium materials. The AFR notes that shares in the company have increased by approximately 150% over the past 12 months. The high purity aluminium oxides, hydroxides, nitrates and sulphates produced by ALPHA HPA are found in a wide range of high technology industries including LED lighting, synthetic sapphire, semiconductors, and lithium-ion battery […]
One of the major national newspapers has this week posted an article seeming to suggest that a raid by federal police and tax office agents on a start up in recent weeks may have been linked to the company’s R&D Claims. Swanson Reed does not know specifics of this case, nor know whether the media reports are accurate, and will accordingly not mention the name of the entities involved. It is worth noting, however, that the magnitude of R&D Expenditure […]
As noted on the Swanson Reed blog in November 2022, an AAT decision handed down in October 2022 (T.D.S BIZ PTY LTD and Commissioner of Taxation) considered the case of an R&D Entity attempting to claim the cost of overseas moulds, fabrication, CAD and assembly within their R&D Tax Incentive claim without having first attained an Overseas Finding from AusIndustry. This was one of the only administrative decisions to consider the specific issue of: Is R&D expenditure related to the […]