StartupAUS, Australia’s national startup advocacy group has today released its latest reports including a series of recommendations to enhance the local eco-system for fast-growing companies.
Included among the recommendations are calls to allow the R&D Tax Incentive to be more easily applied to companies conducting software development activities.
Some key quotes from the report are as follows:
“Recognising the pervasive nature of information technology in a modern economy, the new R&D Tax Incentive will ensure most software R&D is treated consistently with R&D occurring in other sectors”
A full copy of the report is available on the StartupAUS website.
Swanson Reed commends the work of StartupAUS in advocating for Startups and software claimants. We also support the efforts of the ATO and AusIndustry to uphold the integrity of the R&D Tax Incentive, and encourage all participants of the programme to review the R&D Tax Incentive guidance material published by these agencies.
Source: StartupAUS