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:
Recently Released Guidance on Feedstock:
AusIndustry and the ATO have recently released joint guidance in relation to the calculation and disclosure of feedstock adjustments. The guidance clarifies that companies are able to “opt out” of claiming feedstock inputs if the benefit arising from claiming feedstock inputs as R&D expenditure is not commensurate with the compliance requirements for the corresponding feedstock adjustment.
For further information including the specific wording of the recommended exclusion statement, please see the full AusIndustry and ATO joint guidance. <Learn More>
Swanson Reed launches new R&D tax claim software
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. <Learn More>
Five ways to instantly become more innovative
Is everyone an innovator or is nobody one?
Every day we dream up new systems and processes on how to make our lives more efficient. But we are rarely pretentious enough to call ourselves innovative. <Learn More>
To learn more please contact us or call 1800 792 676