As the financial year-end approaches, the task of reconciling records and examining expenses can be time-consuming, especially if your business lacks organization or automation. But fear not! We’ve got some top tips to make tax time smoother.
As the 30th of June 2023 draws near, marking the end of another financial year, it is important to bring some requirements of the Research & Development Tax Incentive (R&DTI) to the attention of participating Australian businesses.
Documentation should be produced and maintained to assist with the initial claim and may have to be provided in the event of an audit or review.
In alignment with its General Funding Strategy for the 2022–2025 period, the Australian Renewable Energy Agency (ARENA) has dedicated $50 million total to two funding rounds to support R&D for renewable hydrogen and low emissions iron and steel.
Since its first round in 2013, more than $70 million has been disbursed from the NSW Medical Devices Fund to support more than 40 technologies.
After public consultation and senate amendments and crossbench support, the enabling legislation for the $15 billion National Reconstruction Fund (NRF) will now be established in law.
The Australian Moon to Mars Initiative and its associated Supply Chain Capability Improvement Grants providing support to Australian businesses to join NASA’s goal of going forward to the Moon and on to Mars.
If you’re a growing and innovative QLD-based SME seeking investment or growth-stage capital, then QLD’s Enterprise Acceleration Fund or the business Investment Fund (BIF) might be able to assist.
This article covers points from a recent AATA case – the applicant for R&D Tax Incentives claimed expenses supporting overseas R&D Activities.
The end of the financial year is a big deal. Here are the main things you should think about to get the most out of your R&D tax credit.
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