Reports have emerged in the media recently of software development companies that have been subject to adverse R&D Tax Compliance proceedings.
Whilst the benefits available under the R&D Tax Incentive are significant, these reports affirm the need to ensure R&D claims are completed with diligence, and in accordance with the current reporting expectations.
Recent publications from ATO and AusIndustry on software development activities have highlighted current regulatory compliance focuses, which include the need to:
Please get in touch with us if you require assistance with the documentation and assessment of your R&D Activities.