#Rd
R&D tax incentive inquiry delayed a third time
Businesses have been plunged into further uncertainty as the Senate inquiry into R&D tax incentive (‘RDTI’) reforms is delayed a third time this year. What do we know so far? The Treasury Laws Amendment (Research and Development Tax Incentive) Bill 2019 (‘the Bill’) was introduced on the 5 December 2019 to reform RDTIs. Treasurer Josh […]
Federal Budget: startup wish list, part two
Ahead of the 2018-19 Federal Budget, which will be released on Tuesday (8 May), Dynamic Business spoke to a cohort of business leaders about the measures they hope to see from the Turnbull Government. In this article, the second in a two-parter, Julius Wei (BMYG), James Lynch (CastleCoin), Michael Jankie (PoweredLocal), Trevor Townsend (Startup BootCamp), […]
Qld company fined $4.25m for encouraging clients to exploit the R&D tax offset scheme
A Queensland company that secured millions in tax refunds for clients by exploiting the R&D tax incentive program has been ordered by the Federal Court to pay a $4.25 million fine to the Commissioner of Taxation. The Commissioner commenced action last year against Australian R&D Funds and Grants Services Pty Ltd, now known as International […]
NSW Government offering $250k innovation grants to businesses under Israel partnership
NSW businesses can now apply for matched grants of up to $250,000 under the NSW-Israel Research and Development (R&D) Tech Innovation Program. The program which is jointly run by the NSW Government and State of Israel was established to support innovation and strengthen ties between NSW and Israel. According to Minister for Trade & Industry, Niall Blair, interested businesses must apply before […]
NSW Government commits $2m to cyber security
The NSW Government is investing $2 million in a university-led cyber security network, with the aim being to protect the public sector and industry against cyberattacks. Announced by Minister for Finance, Victor Dominello, the NSW Cyber Security Council will bring together leading scientists and engineers from seven of the state’s universities to: harness the expertise […]
Accountants urge government to legislate against the late payment of small businesses
The Institute of Public Accountants (IPA) has called for the Federal Government to improve the financial outlook of SMEs by introducing a loan guarantee scheme and legislating maximum payment times for business-to-business transactions. In its 2018 pre-Budget submission, the IPA – a professional accounting body representing 35,000 accountants, business advisers, academics and students – made […]
Innovation grants of up to $250k available to NSW tech businesses under Israel partnership
NSW businesses can apply for matched grants of up to $250,000 to support joint R&D projects between NSW and Israel, under an innovation program announced by Minister for Innovation Matt Kean. The Minister said the ‘NSW-Israel R&D Tech Innovation Program’ would open global opportunities to develop, commercialise and sell new products and services while building […]
R&D Tax Incentive registration deadline looms
The deadline for registering for the Research and Development Tax Incentive, which offsets some of the costs of eligible R&D activities, is Monday, 1 May, the Department of Industry, Innovation and Science has reminded businesses. “The deadline to apply for registration is 10 months after the end of a company’s income year,” the Department explained […]
R&D Tax Review report recommends capping refund available to start-ups at $2 millon
The Federal Government has encouraged businesses to submit feedback on findings from Research and development (R&D) Tax Incentive Review report, released this week Undertaken by Chair of Innovation Australia Bill Ferris, Australia’s Chief Scientist Alan Finkel and Secretary to the Treasury John Fraser, the review had the purpose of identifying opportunities to “improve the effectiveness […]
Seeing employees as a source of innovation
Creativity fosters innovation, but how can you ignite creative sparks within your organisation? It’s simple – your own employees are an inexpensive and efficient source of creative new ideas and innovation.
Export case study: Paul McCloskey on Laservision
Here’s a checklist of inspiration for aspiring exporters. Our collection of 50 favourite export case studies shows that there is no magic ingredient to making it to the world stage, but it certainly helps to get the basics right. Paul McCloskey on Laservision Exporting since: 1990 Key markets: Asia Pacific. In the permanent attractions, architectural lighting […]