As the R&D Incentive deadline looms, companies are reminded that they need to register before 30 April to be eligible to claim for R&D activities for the 2012 financial year. This is the first year the benefits of the new R&D Tax Incentive will be seen. The R&D Tax Incentive (which replaced the R&D Tax Concession), provides generous support for companies who spent over $20,000 on experimental activities in FY2012. Companies with an aggregated turnover of less $20 million could […]
With the government’s recent R&D cuts from groups with revenue over $20 billion, there is some uncertainty surrounding the Australia’s commitment to research and development. A recent article in the Australian Financial Review explores the possibility that Australian businesses might look to invest elsewhere where R&D tax credits are more stable.
Click here for the Swanson Reed R&D Tax Incentive Quarterly Credits Submission.
See below Swanson Reed’s appearance in The Australian Financial Review: The article, published by The Australian Financial Review, titled “ATO slow on R&D payments” discusses how the Australian Taxation Office (ATO) is delaying refunds for companies claiming the Research and Development (R&D) Tax Incentive. This delay is causing financial strain for businesses that rely on timely refunds to support their operations. The article highlights that the ATO’s processing times have increased, leading to longer waits for companies to receive their R&D […]