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 […]
From 1 July 2012 companies can begin to claim under the new R&D Tax Incentive. The R&D Tax Application Form is now available on the AusIndustry website. The new legislation contains some significant changes, which any company intending to claim R&D for the 2011 tax year should be aware of. The new legislation provides the following incentives for companies: 45% refundable tax credit where turnover is below $20m (150% deduction) 40% non refundable tax credit where turnover is above $20m […]