2008

Cash for your Clients: R&D Tax Concessions & Government Grants

Source: New South Wales

Published Date: 27 Feb 2008

 
To remain competitive, businesses need to develop new products and improve processes - usually by innovating and solving technical challenges. Australia's Research and Development ("R&D"?) tax concession and grants systems provide additional tax deductions and cash to assist such companies.

This seminar explored the R&D tax concession and the various government grants available to help your client access these benefits.

The R&D tax concession is an entitlement and is intended to apply to development activities outside the lab. Claimants include manufacturers, miners, agri-business, financial services, etc. The seminar covered the tax rules relating to R&D, case studies and explained recent improvements to the law including an R&D tax concession for multinationals. Maybe your company or client is also entitled to the R&D concession?

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

The Australian R&D tax concession legislative highlights

Author(s): Paul Van Bergen

Government grants

Author(s): Michael Lynch ATI
Materials from this session:

Details

  • Published On:27 Feb 2008
  • Took place at:MGSM, Sydney

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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