Swanson Reed News

Ignite Ideas Fund – Round 11 Now Open to QLD Businesses

September 4th, 2023

The QLD government has announced that round 11 of the Ignite Ideas funding is available to commercialise highly innovative and new products or services that are at minimum viable product stage or beyond. The Ignite Ideas Fund is designed to support Queensland based small to medium businesses that have high-growth potential to undertake commercialisation projects that will: strengthen key industries in Queensland diversify the Queensland economy compete in domestic and global markets engage and/or benefit regional Queensland create new jobs, […]

Read More

Flight Centre Uses Technology Investment to Increase Productivity on Path Back to Profitability and Dividends

August 31st, 2023

Major Australian travel agency Flight Centre Ltd released its annual report this week. The report sees the company return to generating profit and paying dividends after a period of crisis during the pandemic. What some people may not realise is Flight Centre is largely a technology-driven business. The company has a large Software development expenditure annually, noting that: Software Intangible asset additions during FY23 exceeded $70M per the intangible asset note in the financial report; In addition, Research costs associated […]

Read More

Major Australian R&D Advisor (BourkeHood) has Kordametha appointed as Adminstrators

August 28th, 2023

As reported in the Media and in Notices published in ASIC earlier in the month, BourkeHood Pty Ltd has entered administration with  KordaMentha having been appointed. This development may impact some companies seeking to lodge claims early in the new financial year to facilitate receipt of Refundable R&D Tax Offsets for FY23. For impacted companies, we recommend that you refer to the websites of the programme regulators (AusIndustry and ATO) to familiarise yourself with the programme requirements. For companies whose activities are eligible and documented […]

Read More

BCA “Seizing the Moment” Report Flags Importance of R&D Tax Incentive and Addressing Productivity Issues

August 24th, 2023

This week, the Business Council of Australia (BCA) released a report titled “Seizing the Moment“which proposes a plan to reverse the nation’s productivity slump and drive competitiveness. The report warns that Australia can’t just keep relying on good luck to create economic success. The BCA highlights that if Australia wants sustained wage growth and to maintain full employment, we need a reinvigorated economic growth agenda driven by large-scale investment, higher productivity, and greater innovation. The R&D Tax Incentive is also […]

Read More

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

Categories

Archives