Swanson Reed News

New Guidance Relating to Feedstock Adjustments

February 9th, 2015

AusIndustry and the ATO have recently released joint guidance in relation to the calculation and disclosure of feedstock adjustments. The guidance clarifies that companies are able to “opt-out” of claiming feedstock inputs if the benefit arising from claiming feedstock inputs as R&D expenditure is not commensurate with the compliance requirements for the corresponding feedstock adjustment. When claiming the R&D Tax Incentive, a company is required to make a feedstock adjustment if it supplies or uses products produced during its R&D activities. The […]

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The Government’s Research and Development Blind Spot

February 2nd, 2015

When it comes to science and Research and Development, other countries are hitting the accelerator while Australia is shifting into reverse. During the Prime Minister’s prizes for Science, held at Parliament House last October, Tony Abbott delivered his speech in front of Australia’s best and brightest minds and left the stage with a barely audible applause. Abbott, who had been in office for just over a year, was surprised he received some form of applause after his Government implemented drastic […]

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Entrepreneurial Ecosystems and the Role of Government Policy

January 27th, 2015

As the 2014 G20 Leaders Summit drew to a close in November, the final statement from the nations representatives called for enhancements to Australia’s economic growth achieved through the “promotion of competition and innovation and the coordination of strategies to reduce unemployment, particularly amongst youth, through entrepreneurship”. While it may sound prospective, this theme of driving economic and job growth through entrepreneurship isn’t new. A 1979 report by Professor David Birch of MIT, titled ‘The Job Generation Process’, recommended government […]

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WA Manufacturing Lobby Seeks Reform

January 16th, 2015

Western Australia’s manufacturing sector could be shaken up as the state’s peak business lobby looks into boosting the international competitiveness through significant reforms. Some of the proposed changes include slashing the company tax rate to 25%, increasing R&D incentives and privatising electricity assets. Further, the Chamber of Commerce and Industry of Western Australia (CCIWA) is releasing a key report on Thursday, titled The Future of Manufacturing, following the decade of significant expansion in WA that benefitted manufacturers. The report entails […]

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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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