2008

Innovation Incentives: The R&D Tax Concession & Government Grants

Source: Western Australia

Published Date: 8 May 2008

 
To remain competitive, businesses need to develop new products and improve processes - innovation is the key. Australia's Research and Development ("R&D"?) Tax Concession and grants programmes provide additional tax deductions and funding to assist companies to innovate.

This session explored the R&D Tax Concession and the various government grants available to help your clients, and provide some practical advice on assisting your clients in accessing these benefits.

The R&D Tax Concession is designed to encourage companies to perform R&D activities, including development activities outside of the lab. Claimants come from a range of industries including minerals, manufacturing, agri-business, IT and financial services. The seminar covered the tax rules relating to R&D, case studies and explain recent changes to the law including the new R&D Tax Concession for multinationals.

There are also a number of government grants available to help businesses grow - to develop and commercialise a technology or to find a new market. Many of these grants are competitive and it is critical to understand the eligibility criteria and grant conditions to maximise your clients' chances of successfully receiving funding.

The R&D tax concession

Author(s): Ezra Hefter

Details

  • Published On:8 May 2008
  • Took place at:City West Function Centre, Perth

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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2008

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