Swanson Reed News

Australia’s R&D Tax Cash Benefit Tops OECD Comparison

April 20th, 2016

Undeniably, policies aimed at growing national research and development (R&D) activity is now a central element of national tactics to increase productivity, long run economic growth and international competitiveness in most countries. According to the OECD, the largest amount of R&D tax support, in relative terms, was provided by the Netherlands with 87% as percentage of total government support; however, Australia is a close second with 85% as percentage of total government support. Moreover, Australia actually tops the globe for loss making […]

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IP Report Reveals Innovation in Australia is Increasing

April 19th, 2016

‘Innovation’, the term alone has somewhat formed a place in the Australian vernacular in recent months. The buzzword skyrocketed into popularity when Prime Minister Malcolm Turnbull issued its National Innovation and Science Agenda in December, detailing plans to increase innovation, entrepreneurship and reward risk tasking. Now, according to the latest details provided by the Australian Intellectual Property Report 2016, innovation has become more than just political jargon and is actually on the rise by Australians – both locally and abroad. To […]

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Could a Sugar Tax Sweeten the Innovation Climate in Australia?

April 18th, 2016

Undeniably, sugar consumption is emerging as a major health issue to be faced by governments around the world, including in Australia. Correspondingly, debate on a sugar tax in Australia has now become a key topic of conversation since the British Government decided to proceed with a tax on soft drinks last month. In research published by PLOS ONE, the impact of such a tax in Australia has been modelled. Over 25 years, a 20 per cent rise in the price of soft drinks […]

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Record-Keeping for the R&D Tax Incentive

April 15th, 2016

As the cut-off for lodgement of R&D tax claims draws near, companies should now be turning their focus to the preparation and registration of their R&D tax credit claim for 2015. With higher levels of review activity and scrutiny by AusIndustry and the ATO, companies need to focus on, and be able to, reinforce and substantiate their R&D claims with suitable records and contemporaneous documentation in the event of an audit. In short, companies must keep sufficient records to validate: They conducted eligible research […]

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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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