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October, 2025

ATO notes incorrect claims for the R&D tax incentive a focus in the construction, professional, scientific and technical services sector

October 8th, 2025

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 […]

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Media reports of large R&D Tax Dispute for ASX-listed agribusiness company

August 5th, 2025

Media reports have emerged this week of a multi-million-dollar tax dispute for R&D Tax Incentive claims made by Inghams Group Limited. The ABC has reported that: The company’s potential claim totals more than $50 million in taxpayer funds — which, in the context of $11.2 billion given out through the entire ATO program in 2021-22, is far from chickenfeed. It is understood to be about tax incentives claimed for research and development (R&D) around feed the animals eat. The tax […]

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Swanson Reed: Registered Tax Agent obligations and keeping clients informed

June 12th, 2025

SR Tax Services Pty Ltd (trading as Swanson Reed) is a registered tax agent (Registration number 03718008).   The Tax Practitioners Board (TPB) is the authority responsible for regulating Australia’s tax agents.   The Government package of reforms to strengthen the integrity of Australia’s tax system has presented additional compliance and disclosure requirements for tax agents which apply to Swanson Reed from July 2025. As part of these reforms, Swanson Reed has an obligation to keep parties informed on a […]

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Statutory Deadline for FY24 R&D Claims is next month

March 3rd, 2025

Companies seeking to register R&D Activities conducted during the Year Ended 30 June 2024 (companies that have a Standard YE for tax) who are yet to do so should note that the Registration Deadline is 10 Months after YE, and 30 APRIL 2025. The blanket and automatic extensions granted during COVID do NOT apply any longer or for FY24 claims. Extensions of time may be available in certain situations, and extension applications lodged BEFORE the original deadline are viewed much more favorably. However recent changes […]

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