Swanson Reed News

R&D Tax: Deadline for FY14 and new Feedstock guidance

April 20th, 2015

30 April 2015 is the deadline to claim the R&D Tax Incentive for eligible activities conducted during the year ended 30 June 2014 (ie last financial year). Any companies still seeking to lodge FY14 claims should take action ASAP to ensure their activities are adequately assessed and described within their registration applications. This includes the need to provide detail of: The specific Core experimental activities undertaken during FY14; Observations and conclusions of the experimental activities; Why knowledge gained from the experimental activities is new; How […]

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GHP 104 160 689 Pty Ltd v FCT [2014] AATA 515

April 13th, 2015

Summary of 104 160 689 matter Taxation Ruling – TR2013/3 Click Here  Taxation Ruling: TR 2013/3A1 – Addendum Click Here GHP 104 160 689 Pty Ltd v. Commissioner of Taxation Click Here The ATO has issued a Decision Impact Statement in relation to the recent decision handed down in the AAT, GHP 104 160 689 Pty Ltd and FCT [2014] AATA 515; 2014 ATC 10-373 The case concerned whether certain expenditure was to be disallowed deductibility at the rate of […]

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New technology helps accountants become R&D tax experts

March 23rd, 2015

Today, Swanson Reed officially launched, TaxTrex – a cloud based software solution designed to help accountants and their clients become experts in the R&D Tax Incentive. TaxTrex is Australia’s first platform to bridge the gap between the R&D tax adviser, the tax agent, and their client. Why use TaxTrex? TaxTrex allows the company’s external accountant to prepare R&D claims with little or no risk. FACT: 82% of accountants think that preparing R&D claims without specialist help is too risky. FACT: 75% of eligible small businesses could claim […]

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New software substantiates R&D claim in 90 mins

March 23rd, 2015

What is TaxTrex? TaxTrex is software that helps you self-claim. The below video explains the key features of TaxTrex in under 30 seconds. TaxTrax | R&D Tax Claim Software the key features of TaxTrax in under 30 seconds. How does TaxTrex work? TaxTrex is based on academic research conducted by Swanson Reed and works by issuing three surveys at regular intervals during the year. Relevant information necessary for the R&D claim will be: extracted, time-stamped; and securely stored. The information gathered […]

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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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