Today’s release by Innovation and Science Australia (ISA) of its report, “Australia 2030 Prosperity through Innovation”, sees the ISA take three key positions about the R&D Tax Incentive (the Incentive)...
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Just The Facts, Ma’am”: The Bedrock Of A Successful R&D Tax Claim
It’s been some time since we’ve been in contact so it’s nice to talk to you. We’ve all been patiently waiting for the Federal Government’s response to the ‘Triple F’ Review of the R&D Tax Incentive (the...
AusIndustry Specific Issue Guidance – What Messages Are In The Bottles?
AusIndustry recently published four Specific Issue Guidance products concerned with the R&D Tax Incentive (the Incentive) and the overall message of the four documents is something we can all agree on. In...
R&D Tax Farming Claims: When you can Reap What you Sow
The recent publication of Specific Issue Guidance and a summarised R&D Finding by AusIndustry has placed renewed focus on concerns about invalid claims being made in the agriculture sector. One...
AusIndustry Release R&D Tax Incentive Guidance
AusIndustry has issued seven products to assist taxpayers and advisers in making claims under the R&D Tax Incentive. There are four Specific Issue Guidance products for: Agriculture - Getting farming...
An R&D Activity is Not A ‘Business As Usual’ Activity Is It?
At the joint AusIdustry/ATO R&D Tax Incentive Workshop conducted in Sydney this June, one of the risk areas associated with the R&D Tax Incentive (the Incentive) that was explored was the claiming of...
Software R&D What if the Pretzel is considered an Asset?
In our third and final blog entry on software R&D for now, we will look at the issues surrounding the capitalisation of software expenditure. Some businesses have different policies on when and...
Software R&D Costing The Untwisted Pretzel
R&D in software is no different from the R&D in engineering or product development because the R&D is comprised of the experiments that test the efficacy of the hypothesis. The R&D is made up...
Software R&D – Untwisting The Pretzel
Since the R&D Tax Concession (the Concession) began in 1985, the eligibility of software R&D has been the subject of continuous conjecture and debate so much so that many have likened making a...
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