Over the week, the federal government announced that they are be scrapping their plan to cut $1.8 billion from the research and development incentive bill or RDTI. They have announced that the government will be committing a $2 billion boost to the tax incentive in an effort to help businesses manage the impacts of the… Continue Reading
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Extension for the FY19 R&D tax Incentive Deadline
The deadline for the 2018-2019 financial year will be extended to the 30th of September 2020, as recently announced by Austrade, from the previously scheduled 30th April, 2020. The decision in extending the deadline is in line with the organization’s aim to help businesses that have been affected by the COVID-19 pandemic to have more… Continue Reading
R&D and IT: How software is treated for R&D purposes.
Software is treated the same as any other area of technology. Under the R&D scheme, it will be categorised under the same programme requirements. This means every project that involves software development can be considered an R&D activity. That said, you will still have to use your own judgement to assess the eligibility requirements. Your… Continue Reading
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