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Swanson Reed appear in The Australian Financial Review

See below Swanson Reed’s appearance in The Australian Financial Review:

The article, published by The Australian Financial Review, titled “ATO slow on R&D payments” discusses how the Australian Taxation Office (ATO) is delaying refunds for companies claiming the Research and Development (R&D) Tax Incentive. This delay is causing financial strain for businesses that rely on timely refunds to support their operations. The article highlights that the ATO’s processing times have increased, leading to longer waits for companies to receive their R&D tax credits. This situation is particularly challenging for small and medium-sized enterprises (SMEs) that depend on these refunds for cash flow.

The article also notes that the delays are affecting the reputation of the R&D Tax Incentive program, which is designed to encourage innovation and investment in research and development. The ATO has acknowledged the issue and is working to improve processing times, but businesses are urging for faster action to ensure the program’s effectiveness.