Swanson Reed News

How Does Australia’s R&D Tax Incentive Compare to the Rest of the World?

February 11th, 2016

Internationally, governments are increasing indirect support for business R&D, particularly by the way of tax incentives. For instance, by 2011 almost 80 per cent of OECD countries had some form of R&D tax incentive in place. Hence, in a globally mobile business world, R&D investment is considered to be a key factor in enhancing skills, jobs and economic growth. Governments around the globe have and continue to increasingly recognise the attraction of tax benefits to encourage companies to invest in high-value, knowledge […]

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R&D Tax Incentive Review Issues Paper Now Available

February 11th, 2016

In 2015-16, the Government is investing approximately $9.7 billion in research and development (R&D). Notably, around $3.2 billion of this amount specifically funds the business sector R&D. In launching the National Innovation and Science Agenda last year, the Australian Government announced that they would be undertaking a review of the R&D Tax Incentive programme to make it better accessible to the business sector. Accordingly, the review of the R&D Tax Incentive will identify opportunities to improve the effectiveness and integrity […]

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What are Non Core R&D Tax Incentive Activities?

February 10th, 2016

Indeed, the research and development (R&D) tax incentive can cause confusion when determining what can and cannot be claimed. This is particularly the case for what activities actually qualify for the incentive (core activities), and which ones do not (non core). In our latest blog, we described that core R&D activities are essentially the experimental undertakings conducted to generate new knowledge (The R&D Tax Incentive: Glossary of Frequently Used Terms). However, what exactly is considered non core R&D activities when pertaining […]

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The R&D Tax Incentive: Glossary of Frequently Used Terms

February 8th, 2016

Undeniably, confusion still reigns for many small business owners applying for the R&D Tax Incentive. Indeed, even the jargon littered throughout the description of the scheme could give anyone without a tax background a head spin. In light of this, we’ve collated a glossary of key terms to help businesses better understand the incentive and what we’re talking about. R&D Tax Incentive The R&D Tax Incentive is an entitlement scheme that aids businesses seeking to conduct research and development in order […]

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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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