Swanson Reed is pleased to be taking part in the 2015 innovationCAFE that will focus on the three pillars for a new Australia. If Australia is to be a sustainable, innovation-led economy three interrelated pillars need to be aligned: Productivity Commercialisation Innovation Culture Each session will be presented by leaders in their field and outline the issues, examples and opportunities relevant to each pillar. Location Where When Register Now Brisbane The Glen Hotel Eight Mile Plains 7:30am – 10:00am Wednesday, […]
This submission outlines our view in response to the Australian Federal Government’s Tax Discussion White Paper “Re:think”. Re:think contains two questions concerning innovation: Question 39: Does the R&D tax incentive encourage companies to conduct R&D activities that would otherwise not be conducted in the absence of government support? Would alternative approaches better achieve this objective and, if so, how? Question 40: What other taxation incentives, including changes to existing measures, are appropriate to encourage investment in innovation and entrepreneurship? Australia […]
Tax and Superannuation Laws Amendment (2015 Measures No.3) Bill 2015 that proposes a 1.5% cut to R&D Tax Incentive rates passed the House of Representatives and is now being considered by the Senate. Click here to view the Tax and Superannuation Laws Amendment (2015 Measure No. 3) Bill 2015 The Bill is a reintroduction of previous legislation stalled in the senate which also proposed a uniform reduction of 1.5%. The basis for the previously proposed reduction of the R&D Tax Offset rate […]
With the 2017 financial year fast approaching, Swanson Reed is calling all companies and accountants to enrol in our TaxTrex 2017 record keeping program. Enrolments will be open from now until 30 June. To claim the R&D Tax Incentive, companies must collect timestamped documentation detailing the progress of their R&D projects. TaxTrex simplifies this process into three 20 minute surveys allowing companies to meet compliance requirements as quickly and pain-free as possible. By enrolling in TaxTrex before FY17, companies will be […]