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Software in the Target Zone

  Software companies in Australia as well as the software industry in Australia has been growing in size and strength. One indicator that shows this is that software has now become the dominant industry sector claiming the R&D Tax Incentive in both the number of companies claiming as well as the amount of benefit they

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ATO more stringent on R&D tax claims: tips to ensure your compliance

  “What you don’t know may actually hurt you!” This is quite true when it comes to compliance. Qualifying for the R&D Tax Incentive program isn’t as simple as sending in some documents or checking items off a list. Don’t get us wrong; it’s one of the best benefits every business involved with R&D should

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R&D Tax Incentive Change in the New Financial Year

The federal government as part of the Omnibus budget savings bill has reduced the R&D Tax Incentive by 1.5% for future years. If you have been engaged in R&D prior to 1 July 2016, your entity is still eligible to claim for the 45% refundable tax offset or the non-refundable offset rate of 40%. However,

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A new Government a new direction

  With recent coalition announcements we will detail the latest in government assistance for innovative companies including the Employee Share Scheme and the Angel Funding tax break.   In September 2015 the prime minister of Australia changed, and with it came a change in the approach to innovative companies. In the very first public speech

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Don’t be an April Fool: R&D EOFY is upon us

Those of you who are thinking of claiming or wondering if you might be eligible to put forward a claim; the time has never been better than now. This is because End of Financial Year is fast approaching for the R&D tax year. To be able to receive this benefit, all claims need to be

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Movements in Canberra

As always with a government based scheme, we make it our business to keep an eye on Canberra. In the last budget some savings measures related to the R&D Tax Incentive were introduced. The background The first measure put forward was a proposal to eliminate Australian companies with a $20billion or greater turnover from accessing

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Am I eligible for more grants, in addition to the R&D Tax Incentive?

It’s the question that remains on everyone’s mind- is there more than the R&D Tax Incentive to claim for a company in the software industry? Unfortunately the answer is not simple. It depends what you are doing. At the federal government level, there are a few key programs. The Export Market Development Grant for those

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It’s time! Are you review ready?

  It is that morning when you get out of bed feeling great, you’ve got big plans for the day and the weekend coming upon you that you get a knock at the door. You answer it. Who stands in front of you? A couple of slick government agents who appear to mean business. They

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Getting Cashed Up: The Advance Finding Journey

‘Is there any chance that the government will hand over the cash up front to help fund my development?’ Maybe. This question is more common than you may think. Like many questions relating to R&D it’s more of a grey area than a straight out black and white. This is because every company’s situation is

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Don’t mention the ‘P’ word

  Mentioning the word patent within the technology community, especially in software can be like bringing up sex, politics or religion at a dinner party. The controversy surrounding patenting continues to spark much debate in software circles, particularly in relation to whether or not patents are a good idea when applied to the software itself.