Swanson Reed News

Airtasker Provide R&D Tax Update in FY21 results: Some years remain in dispute, have continued to register for subsequent years

August 19th, 2021

Airtasker has previously been associated with the “compliance crackdown” on R&D Tax Incentive claims, particularly for software, after reports emerged in December 2018 that the company’s prior year claims were being disputed following ATO review. Airtasker’s dispute came around the time of other reported R&D tax disputes whereby companies such as CBA and Newcrest made disclosure of reduction to previously lodged self assessed R&D claims. Since this time, Airtasker has completed a successful IPO, and has provided an update to […]

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NSW State Government Offers R&D Fund and New Tech Vouchers

August 10th, 2021

The NSW State Government has recently announced new initiatives relevant to companies conducting R&D activity: A $6 million R&D fund will target innovative products that have been developed by NSW businesses. Proposals to scale R&D products will be assessed by a panel of judges with expertise in commercialisation, venture capital, academia, government and industry; A COVID-19 edition of TechVouchers, valued up to $25,000 and $50,000 per business, will be provided to businesses to access expertise and equipment in NSW, through […]

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Swanson Reed in August Tax Institute Journal

August 5th, 2021

A feature article by Swanson Reed is included in the August 2021 volume of The Tax Institute’s Taxation in Australia. Swanson Reed’s article covers the legislative passage of the recent changes to the R&D tax law, along with a technical analysis of the amendments. Taxation in Australia is continually ranked as Australia’s leading tax journal and is published 11 times per year, available exclusively to members of the Tax Institute.     Take our online eligibility test to check whether your […]

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Publication of Claimant Data under R&D Tax Amendments

August 2nd, 2021

Under the legislative amendments to the R&D tax legislation passed in 2020, a new administration measure was enacted relating to the publication of claimant data. The intention of the change was to enhance the transparency of the R&D tax incentive, and align it with other programmes where details of recipients of public support are noted in the public domain. An indication has recently been provided of how this will work in practice, and this is in accordance with the passed […]

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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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