Being agile in business today means you’re flexible, fast and adaptable. While agility has been a necessity in the fast-moving world of software development for some time, creating a structure that allows for rapid innovation is good for any business, regardless of the industry or functional area in which they operate. So how does an agile approach […]
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 […]
I don’t like to fail, but I know it’s all part of the process. In order to succeed, you must first learn to fail. This mantra has enabled my company to experience rapid growth. Makinex wouldn’t exist if it wasn’t for a culture of innovation. We invest up to 10% of our turnover in research and development […]
Recently, the Australian government acknowledged the importance of innovation by offering a new research and development tax incentive for innovative businesses, which allows business owners to claim up to 150% of their research and development expenses on their 2012 tax returns.
Neil Tilley blogs about finding the inspiration to do things differently in your business.
“One area SMBs can look for inspiration is businesses outside their own industry. Looking at the market leader within another industry is a great habit to get into.”
Neil Tilly blogs about looking at innovation from a different perspective.
“The problem a lot of business owners face is that too many are looking for the game-changing, billion dollar idea that will propel their business to the same heights as Apple or Google. In 99 per cent of cases this simply isn’t possible.”
The Gillard Government’s research and development tax incentive could allow thousands of small businesses to innovate and boost business operations.
Business owners are being invited to weigh in on how the R&D Tax Credit will be administered, with the tax now open for public consultation.
There is a deep sense of concern within the Australian business community that the long awaited revamp of the Federal Government’s R&D Tax Concession is actually little more than a thinly disguised mechanism for reigning in the Government’s estimated annual $1.4 billion spend on the program.
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