The Brisbane-based company TechnologyOne offers SaaS+ (Solution as a Service) products. TechnologyOne has become a leader in the Australian industry, and its shares have performed well over the past 5 years. TechnologyOne has consistently emphasised its R&D investment proudly within its ASX filings and according to Chat GPT, has made the following R&D investment over recent years: FY22 – A$ 92.2 m FY23 – A$ 112.0 m FY24 – A$ 128.0 m Writing in the AFR on 25 November, Edward […]
The R&D Tax Incentive (R&DTI) is co-administered by two government agencies: 1: The Department of Industry, Science and Resources on behalf of Industry Innovation and Science Australia (IISA): The department registers companies for the R&DTI program and makes findings on the eligibility of R&D activities. and 2: The Australian Taxation Office (ATO): The ATO is responsible for administering R&DTI expenditure claims, and conducts reviews and audits on substantiation of claims and other matters. The Commissioner of Taxation’s Annual Report 2024–25 was published in late October 2025. This […]
DISR have announced they will be conducting a R&D Tax Incentive Registration webinar on THURSDAY 20 NOVEMBER 2025. This information session is scheduled to cover: The application process; How self-assessment works; Eligibility requirements of activities and expenditure; Record-keeping to substantiate claims. Representatives from AusIndustry and ATO are noted as being in attendance. A registration link is here. Please get in touch with our office if you require assistance, would like to speak to someone about a potential claim, or check out our website for more […]
In an ATO release on 1 October 2025 titled ‘Tax risks: property, construction and professional services‘ the ATO have noted that they will be focusing on R&D Tax Compliance. The document notes: ‘We continue to see recurring issues in specific industries. We’re watching closely, conducting audits, and applying penalties and interest where needed. Our focus is on small businesses in: the property and construction industry – including builders, contractors and tradies. the professional, scientific and technical services sector – such […]