Swanson Reed News

Could a ‘Start-Up Mentality’ Drive Innovation in Australia?

June 20th, 2016

“Embrace technology disruption” – the phrase has been heavily bandied about in public discourse lately after Turnbull announced the expression in his first statement after being elected Liberal leader last year. Although generally pertaining to the topic of Turnbull’s ‘Idea Boom’ or about shifting the culture of Australia, a new report reveals Australian small and medium-sized enterprises (SMEs) have already been embracing the technology disruption over the past year. The biannual MYOB Business Monitor, released earlier this year, surveyed over […]

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The Impact of Cash Flow on R&D Intensity

June 14th, 2016

Does the amount of cash flow obtained by companies affect the level of investment in research and development (R&D)? To answer this, we look at empirical research to investigate the impact of cash flow on R&D expenditure. Firstly, cash flow can be defined as the movement of cash into or out of a business, project or financial product. In this particular case, the movement of cash into R&D expenditure. Previously, a large number of empirical literature has quantified the role […]

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What is R&D Tax Refund Financing?

June 13th, 2016

In today’s economic climate, cash flow management remains vital to the health of businesses.  The universal business aphorism, “turnover is vanity, profit is sanity but cash is reality” continues to be sage advice for anyone managing company financing.  In fact, one in five (20.3 per cent) of Australian businesses believe an inability to access funds is the biggest barrier to business growth and innovation, according to the Australian Bureau of Statistics (ABS). However, many companies focused on innovation are missing […]

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Claiming a Grant Plus the R&D Tax Incentive – How The ClawBack Adjustment Works

June 8th, 2016

In our previous post, we paralleled government grants versus the tax system in accessing R&D funding. However, it is a little-known fact that companies can actually claim both concurrently. If you are eligible for the R&D tax incentive and you receive a government recoupment (such as a government grant or reimbursement) that relates to expenditure that is eligible for the R&D tax incentive, then clawback applies. To elaborate, take for example a company that is eligible for the R&D Tax […]

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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: 0435 713 493
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
Krishna Gungaram
Manager, Hobart
Tel: (03) 9018 5778
Mob: 0435 713 493