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Keep your eye on the ball…clawback!

  Once your body clock re-adjusts after three solid weeks of nocturnal football addiction, you’ll be ready to get your government grant applications sorted. In a football match, the more goals you kick the more chance you have of making it to the next round. Scoring two goals could win you the game. In order

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Entrepreneurs Infrastructure Programme

In our last post on the 2014 Budget we mentioned the Entrepreneurs’ Infrastructure Programme and committed to keeping it on our radar. We’re pleased to report that there has been a development. The Department of Industry has released a discussion paper ‘Establishment of the Entrepreneurs’ Infrastructure Programme’; an outline of the proposal and an opportunity

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Budget 2014 Update: A Close Shave for R&D Tax

The unveiling of the 2014 budget contains a few surprises for the R&D Tax Incentive. The first part is that it is proposed that from July 1, 2014 the Incentive will be dropped by 1.5%, from 45% to 43.5% for companies under $20 million in aggregated turnover and from 40% to 38.5% for companies with

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Will you pass your next audit? Stay on record.

At Innercode, we’re all about making things easier for our clients — before, during and after the process of lodging their R&D claim.  One of the areas of contention in recent discussions around the R&D Tax Incentive Scheme has been the rising number of suspect claims. With increased scrutineering of procedures, companies cannot afford to

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A helping hand for startups

Communications Minister Malcolm Turnbull has weighed in on the ‘to stay, or not to stay’ question that too many Aussie startups find themselves pondering. In his opinion piece “We can help you”, Malcolm Turnbull tells Australian start-ups, published in The Sydney Morning Herald on March 20, 2014, Minister Turnbull attempts to address, or at least

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Free R&D Assessment

With the news that Atlassian is leaving our shores for the UK, most likely for taxation purposes, we are laying down the challenge to software companies in Australia to improve their tax position, without going overseas. To help, we are providing a free one hour assessment to any Aussie software company or startup who is

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A quick guide to the R&D tax Incentive application process for software companies

A common question we have from our software and tech clients is, what is the process of claiming the Research and Development tax Incentive, where do we begin? Unfortunately this has never been spelt out before, so here goes: For a software company that has not claimed before it will go something like this: Quick

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Overseas R&D Who can claim and what?

Many of our clients undertake the development of their software with at least a component of overseas development. So a common questions that we receive is: ‘can we claim overseas development in the R&D Tax Incentive?’ Unfortunately the answer is a mixture of yes and no. We’ll first address why you can’t claim R&D done

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Software Research and Development, Myth or Reality?

A common theme that I come across is that Software is not Research and Development. However software is actually a large portion of claimants of the Research and Development Tax Incentive. While the words Research and Development are not known as a typical software development methodology, it certainly does occur in many different types of

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Innercode Begins

We are very excited to begin Innercode. We believed that it was finally time that the software & tech industry had their own specialist consultants who are able to obtain the most for them from federal tax and grant programs. We won’t try to be all things to all people. We are dedicated to software