Swanson Reed News

Tax Incentives Vs a Grant-Based System –  Which is best for stimulating R&D in Australia?

March 1st, 2016

When it comes to policies bridging the gap between the ‘laboratory’ and the marketplace, companies will typically look to either grant funding or tax incentives. Previously, we’ve delved into the differences between government grants and the Research and Development (R&D) tax incentive in Australia. However, where support for R&D is called for, an important question remains: should reliance by placed on cash support (grants), or on the tax system as a mechanism to deliver credits or allowances (or a combination […]

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How Valuable is Australia’s Refundable R&D Tax Offset on a Global Scale?

February 29th, 2016

Ultimately, investing in research and development (R&D) is key to increasing innovation, productivity and competitive advantage. It is not only beneficial for businesses, but is also advantageous for the economy of our country. In fact, for many multinational companies, Australia has become the centre of their global R&D activities. This is primarily due to a highly skilled workforce, suitable infrastructure and a favourable R&D tax incentive program. Australia’s R&D Tax Incentive, which has replaced the R&D Tax Concession since the 1st of […]

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Do Your R&D Activities Have a Dominant Purpose?

February 26th, 2016

Undeniably, the rules and regulations surrounding the Research and Development (R&D) tax incentive may be bewildering for some. This is particularly the case when distinguishing the eligible R&D activities. To clarify, both ‘core’ and ‘supporting’ R&D activities can be claimed – however, activities must show that they are undertaken for the dominant purpose of supporting R&D activities or generating new knowledge, rather than a commercial or other purpose.  With the April 30 tax deadline looming, the importance of correct compliance is […]

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Is the R&D Tax Offset Refundable in Cash?

February 25th, 2016

Despite the fact that the Research & Development (R&D) tax incentive claim process can seem quite convoluted, the benefits of doing it properly are well worth the effort. But just how exactly is the benefit calculated and what do business owners gain in pocket? The answer to this depends greatly on the size and nature of the company. To elaborate, the R&D Tax Incentive is provided in Australia through a tax based incentive program whereby the Australian Government provides companies […]

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Bryce Steele
Principal, Melbourne
Tel: (03) 9018 5778
Mob: 0435 713 493
Tom Parkhouse
Principal, Sydney
Tel: (02) 8006 0559
Mob: 0411 718 565
Andy Nguyen
Principal, Brisbane
Tel: (07) 3221 1499
Mob: 0407 750 249
Kieu McKellar
Manager, Adelaide
Tel: (08) 8121 7850
Mob: 0435 713 493
David Greatwich
Principal, Perth
Tel: (08) 9340 3745
Mob: 0468 386 250
Sarah Guan
Manager, Hobart
Tel: (03) 9018 5778
Mob: 0401 262 591

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