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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...
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,...
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