Swanson Reed News

What is R&D Tax Refund Financing?

June 13th, 2016

In today’s economic climate, cash flow management remains vital to the health of businesses.  The universal business aphorism, “turnover is vanity, profit is sanity but cash is reality” continues to be sage advice for anyone managing company financing.  In fact, one in five (20.3 per cent) of Australian businesses believe an inability to access funds is the biggest barrier to business growth and innovation, according to the Australian Bureau of Statistics (ABS). However, many companies focused on innovation are missing […]

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Claiming a Grant Plus the R&D Tax Incentive – How The ClawBack Adjustment Works

June 8th, 2016

In our previous post, we paralleled government grants versus the tax system in accessing R&D funding. However, it is a little-known fact that companies can actually claim both concurrently. If you are eligible for the R&D tax incentive and you receive a government recoupment (such as a government grant or reimbursement) that relates to expenditure that is eligible for the R&D tax incentive, then clawback applies. To elaborate, take for example a company that is eligible for the R&D Tax […]

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Accessing R&D Funding: Government Grant’s vs. the Tax System

June 6th, 2016

  In Australia, there are two main types of government funds available for technology or product advancement. These funding mechanisms are either administrated through a grant-based system or through tax breaks, such as the Research and Development (R&D) Tax Incentive. However, where support for R&D is called for, an important question remains: should reliance by companies be placed on cash support (grants), or on the tax system as a mechanism to deliver cash flow? Firstly, there are a number of […]

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Could You Be Receiving R&D Tax Breaks Earlier?

June 3rd, 2016

Without a doubt, financing is extremely imperative for innovation and development, in particular at the seed and early stages of business development. In spite of the growing importance of entrepreneurial activities, innovative companies face several barriers for accessing finance, such as asymmetric information and financing gaps between investors and entrepreneurs. Indeed, access to finance is a central issue for both innovative entrepreneurs and policy makers alike. However, many companies focused on innovation are missing out on ways they can boost […]

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Bryce Steele
Principal, Melbourne
Tom Parkhouse
Principal, Sydney
Andy Nguyen
Principal, Brisbane
Holly Parkinson
Manager, Adelaide
David Greatwich
Principal, Perth
Krishna Gungaram
Manager, Hobart

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