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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...
A new season, new Parliament and a new attempt to cut the R&D Tax Offset rate
Yesterday, the 45th Parliament introduced the Budget Savings (Omnibus) Bill 2016 which included a range of measures to progress towards “fiscal repair”. One of these 24 measures was the re-introduction of...
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...
The R&D Tax Incentive – The Search For A Trusted R&D Tax Agent
Last week, we delineated the current risk issues associated with the R&D Tax Incentive (Incentive) as presented by AusIndustry and the ATO. Close to our heart were the concerns raised by the described...
Handling the risks in claiming the R&D Tax Incentive
As the dust cloud that was the recent Federal Election settles, we welcome Greg Hunt and Craig Laundy to the Industry, innovation and Science portfolio. One imagines that a high priority for the new team will...
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...
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