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Cutting The R&D Tax Incentive By $900 Million – Esoteric or Not Esoteric, That Is The Question
Innovation policy has been getting a decent run in this Federal election campaign. We keep hearing how the word ‘innovation’ is off the banned list and that it’s what is most critical if we are to make the...
2016/17 Federal Budget – When No News Is Actually Quite Good News
Last night’s Federal Budget has little risk of being remembered as an innovation budget. In fact, innovation only got a run in the context of confirming a series of measures previously announced by the Prime...
Cuts to R&D Tax Incentive Appear To Be Dropped
When Malcolm Turnbull requested the Governor General to prorogue Parliament to deal with a hostile Senate, he (most likely unintentionally) caused the Bill to cut the rate of the R&D Tax Incentive by 1.5%...
Do You Know the Difference? Govt. Grants vs the R&D Tax Incentive
There are roughly 700 business grants offered by the three tiers of government in Australia. Do you know which ones apply to you? Approaching this smorgasbord is a real problem for smaller companies that are...
Claiming the R&D Tax Incentive? Why a success fee may not be a good idea.
There are two basic models for outsourcing tax claims - and one of them is not what it seems. The first is Fee for Service and the second is known as a Success Fee. A Fee for Service is a set cost,...
Submitting to an R&D Tax Incentive Review (Again). Why You Should Bother
Last week, we alerted you to the Review of the R&D Tax Incentive (the Review) as part of the National Science And Innovation Agenda (the Agenda) and to the fact that the Review Chairs have released an...
Have you developed any new or improved products or processes in your business? Did you know you can claim up to 45% of your costs back?
When I meet people who run their own business, I am often struck by the ingenuity, enterprising spirit and pride that goes with building a successful company. They have carved a niche in their sector, take...
We have been saying that R&D can be part of business as usual and the AAT agrees
The recent AAT decision, JLSP and Innovation Australia [2016] AATA 23 (22 January 2016) http://www.austlii.edu.au/au/cases/cth/AATA/2016/23.html, is the first decision on the definition of R&D since the...
Are increased costs limiting your business innovation? Your cash back entitlements can help.
How can a manufacturing business in Australia hope to grow its market share when competing against cheaper labour and materials in places like China and Bangladesh? This is a question that stumps politicians...
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MJA updates keep you informed on government decisions impacting your business, simplifying complex law and tax details.