Swanson Reed News

Do Your R&D Activities Have a Dominant Purpose?

February 26th, 2016

Undeniably, the rules and regulations surrounding the Research and Development (R&D) tax incentive may be bewildering for some. This is particularly the case when distinguishing the eligible R&D activities. To clarify, both ‘core’ and ‘supporting’ R&D activities can be claimed – however, activities must show that they are undertaken for the dominant purpose of supporting R&D activities or generating new knowledge, rather than a commercial or other purpose.  With the April 30 tax deadline looming, the importance of correct compliance is […]

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Is the R&D Tax Offset Refundable in Cash?

February 25th, 2016

Despite the fact that the Research & Development (R&D) tax incentive claim process can seem quite convoluted, the benefits of doing it properly are well worth the effort. But just how exactly is the benefit calculated and what do business owners gain in pocket? The answer to this depends greatly on the size and nature of the company. To elaborate, the R&D Tax Incentive is provided in Australia through a tax based incentive program whereby the Australian Government provides companies […]

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Why Should You Employ an R&D Tax Specialist?

February 24th, 2016

The preparation of a Research and Development (R&D) Tax Incentive Registration form can often act as a catalyst for feelings of confusion and dread for applicants.  The delicate gamble between how much to claim can ultimately spur risk aversion – claim too much and risk an audit, claim too little and risk losing money on your claim. Essentially, in order to utilise the R&D Tax Incentive to its best advantage requires specialist knowledge. Historically, the R&D Tax Incentive was formed with […]

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Government Grants vs the R&D Tax Incentive – What’s the Difference?

February 23rd, 2016

With three layers of government and approximately 700 business grants available, finding the specific grant that is suitable for you can be difficult. Thus, for small businesses approaching this buffet of choices, the task can be daunting.  Moreover, tax incentives are generally lumped in the category of ‘grants and incentives’, making it hard to differentiate the differences between a grant and an incentive. Firstly, there are a number of different grants available related to innovation, each with their own philosophy and measures. A […]

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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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