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January, 2025
Potential Impact of Incoming US Government on Australian Business and R&D Tax Policy
January 20th, 2025Following the US election in 2024, a new Government will be installed in the US during January 2025. The impact of the new Trump Government on US R&D and tax policy is not immediately clear, and it may impact some industries differently to others. Possible impacts may include: there will be a clear push to favor US based manufacturing via tax and tariff measures; media commentary notes that the incoming US president is expected to reduce support for research on the environment […]
Changes to Extension of Time request processes for R&D Applications
November 25th, 2024AusIndustry have announced and released an updated version of the Extension of Time (EOT) form through the R&D Tax Incentive (R&DTI) customer portal. Companies are required to use the portal when applying for any extension of time to submit an R&D application if it is not able to be submitted by the original deadline (with the deadline being approximately 10 months after the end of the financial year). The updated form provides clarity around the 2 types of extensions you […]
ATO Release First R&D Tax Incentive Transparency Reporting Data
October 8th, 2024As now required by law, The Australian Taxation Office (ATO) has released its first annual Research and Development (R&D) tax transparency report on entities claiming the R&D tax offset. The information the ATO published includes: name of the R&D entity claiming the R&D tax incentive and their ABN/ACN; entity’s total expenditure on R&D (known as total notional deductions claimed – label Z in Part A of the R&D tax incentive schedule) less any feedstock adjustments (label B in Part B […]
‘Made in Queensland’ Round 7 Grant Applications
September 23rd, 2024The Queensland Government has announced that Round 7 grant applications for their Made in Queensland (MIQ) Grant will open on September 24th. MIQ offers grants up to $2.5 million for Queensland small to medium manufacturers. The program is designed to help manufacturers increase their international competitiveness, productivity and innovation, and generate high-skilled jobs for the future by purchasing and implementing new and advanced equipment or technologies as part of operations. Whilst companies that can attain grant funding should look […]
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Huge shoutout to Swanson Reed for being absolute pros at R&D tax advice! They made the whole process super easy and stress-free. The team really took the time to get what we do and helped us get the most out of our claim without any headaches. Everything was explained clearly, and they were always quick to answer any questions we had. Thanks to them, we got a great tax benefit that’s going to help us keep doing cool stuff. If you need help with R&D tax stuff, these are the people to go to. Seriously, they’re awesome!
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Swanson Reed have assisted my clients with R&D claims and acted very professionally and promptly. I will continue to use them as the need arises. If your business needs assistance with any R&D claims contact Swanson Reed and tell them I recommended them.
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We have been working with Swanson Reed for 3 years now in preparing and lodging our company R&D Tax return with 100% success record. The team are very responsive and professional and particularly extremely knowledgeable. We can highly recommend them. Dr Mel Bridges, CEO & Chairman, Aptium.ai Pty Ltd.
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We refer all of our clients to Swanson Reed for their R&D refund work. The process is seamless and well-executed. Damian Smyth and the team are a pleasure to work with. Highly Recommend.
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Swanson Reed have assisted us with our R & D Tax Incentive for many years. They make the process very easy and it gives us peace of mind to know that we are compliant with the ATO. We highly recommend.
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News & Research
News & Research
News & ResearchDue to the timing of the upcoming Federal election, the 2025 Federal budget was held on on Tuesday 25 March 2025, which is earlier than the traditional May timeslot. Going into the budget, it was unexpected that there would be R&D Tax Incentive […]
Treasurer Ed Husic’s Comments on R&D Tax Policy ahead of March 25 Federal Budget
Due to the timing of the upcoming Federal election, the 2025 Federal budget will be held on Tuesday 25 March 2025, which is earlier than the traditional May timeslot. It is probably unexpected that there will be any R&D Tax […]
