Are you making the most of the tax incentives available to you as a business owner? Grants and assistance opportunities, such as the Research and Development (R&D) tax incentive, are available to those involved in eligible R&D activities as a way to offset some of the costs involved in running your business. At Swanson Reed, we are a specialised team of R&D tax advisors who help companies claim the R&D tax incentive. Are You Eligible for the R&D Tax Incentive? […]
The young generation, often seen adorned with iPod earphones and the latest smartphone or tablet in tote, have grown up in a world where the Internet has become enmeshed into daily existence. Indeed, there is a sociological portrait of young people as being effortlessly tech savvy. However, a new report reveals that young Australians are less prepared for the digital revolution than comparable countries. The report, Amplifying Human Potential: Education and Skills for the Fourth Industrial Revolution, was based on a […]
“Innovation” – the term has essentially become shorthand for all that encompasses future business in Australia since Turnbull’s rise to Prime Minister in September. From doubling investments in research and development (R&D) for clean energy to making coding compulsory in schools, Turnbull has vowed to put innovation at the heart of his Government’s agenda. Consequently, the innovation statement was unveiled in December 2015 and provided a blueprint for a $1.1 billion plan to foster greater innovation with 24 new measures across 11 different Government […]
A little-known fact is that Australians make up less than 0.3% of the world’s population but we account for over 3% of the world’s scientific research output. Certainly, as described in our previous post, Australia has contributed to several ‘world first’ innovations and has a dynamic invention ecosystem. In fact, Australia performs strongly on international measures of research excellence, an important driver of innovation. To elaborate, a recent Scientific American article ranked Australia 12th out of the world’s best 40 countries for […]