#Rd Tax Incentive
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 […]
Are all unicorns born in Silicon Valley?
As the innovation capital of the world, Silicon Valley has given birth to some of the world’s most successful start-ups. Organisations that have grown to be the big brands infiltrating every aspect of our lives – Netflix, Facebook, Apple, eBay, among them. There are many more. It makes you wonder, is there something in the […]
Boost your bottom line with a business grant
Businesses will need to think more strategically about which government grants to apply for following the recent belt-tightening of the budget. The budget repair task has meant the pool of available money is smaller, the grants are more modest and business owners will need to adapt accordingly. Chief executive of consultancy outfit Insight Business, Martin […]
Small business urged to innovate under new incentive
The Gillard Government’s research and development tax incentive could allow thousands of small businesses to innovate and boost business operations.
Panel of business experts to oversee R&D tax performance
Innovation Minister Kim Carr has announced a team of small business and industry experts will oversee the new R&D Tax Incentive and advise the government about its performance.