The Silent Crisis: Australia's Declining Government R&D Investments

Declining Government R&D Investment in Australia: Insights for Businesses

Picture a scenario where technical progress dies out and innovation comes to a standstill. This isn’t some fantasy or a nightmare; it might come to pass if R&D investments keep going in the same direction. The most recent statistics show that Australian government and business R&D spending is worrying, revealing a situation that needs immediate…

Misconceptions About R&D Tax Incentive 1

18 Common Misconceptions About R&D Tax Incentive

Because of so many misunderstandings, the R&D tax incentive landscape may be challenging to understand. Because of misunderstandings over who is eligible and how to apply, numerous small and medium-sized businesses miss out on these valuable incentives offered by the Government of Australia. In this blog post, we will aim to clarify twenty of the…

The Importance of Accurate Record-Keeping in R&D Tax Claims R&DTI Claims in Australia

The Importance of Accurate Record-Keeping in R&D Tax Incentive Claims

Accurate record-keeping is essential to back any research and development tax incentive claims in Australia. You must comply with the Australian Taxation Office (ATO) and AusIndustry regulations and provide proper evidence to support your R&D tax claims. Learn the ins and outs of making the most of your research and development tax incentive, why it…

ATO's $16 Billion Warning Aussie Businesses Push Back on Cash Only Trend
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ATO’s $16 Billion Warning: Aussie Businesses Push Back on Cash Only Trend

A major warning from the Australian Taxation Office (ATO) has been issued about the possible loss of tax revenues of $16 billion if businesses return to just using cash for transactions. Some businesses are trying to avoid paying taxes by making this shift, which is part of a wider trend toward a cashless economy. Tax…

Choosing the Right R&D Tax Incentive Consultant in Australia

Choosing the Right R&D Tax Incentive Consultant in Australia

When selecting an R&D Tax Incentive consultant in Australia, it’s crucial to make an informed decision based on official guidelines and reputable sources. Here’s what you need to know, drawing from information provided by AusIndustry and the Australian Taxation Office (ATO): Understanding the R&D Tax Incentive The R&D Tax Incentive is a program designed to…

WA Collie Industrial Transition Fund Gov’t Commits $134 Million to Unlock Industrial Potential

WA Collie Industrial Transition Fund: Gov’t Commits $134 Million to Unlock Industrial Potential

The Western Australian Government has taken a significant step towards transforming the economic landscape of Collie by committing $134 million from its WA Collie Industrial Transition Fund. This substantial investment aims to activate the Coolangatta Industrial Estate, paving the way for new job-creating industries and fostering economic resilience in the region. Detailed Project Timelines The funding…

REGIONAL ECONOMIC WA DEVELOPMENT GRANTS (RED) : Latest Round: Steel Fabricator Among New RED Grants in the Wheatbelt 2024
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Unlock $1.16 Million in RED Grants to Transform Wheatbelt Businesses

Steel Fabricator Among New RED Grants in the Wheatbelt The Western Australian Government’s Regional Economic Development (RED) Grants program continues to play a pivotal role in enhancing regional business resilience and economic diversity. In its latest round of this grant program, 10 projects of the Wheatbelt region have been awarded funding totaling $1.16 million, showcasing…

R&D Expenditure Claims Tip $11.2bn: ATO Transparency Report 2021-22
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R&D Expenditure Claims Tip $11.2bn: ATO Transparency Report 2021-22

In its first R&D tax incentive transparency report for the 2021–22 fiscal year, the Australian Taxation Office (ATO) revealed that corporations had made significant investments in R&D. This research offers insightful information about Australia’s innovation environment by examining in depth how businesses in a range of industries are utilising the R&D Tax Incentive program. Key…

Find Grants for Small Business in Australia
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How to Find Grants for Australian Small Businesses: Best Resources

Although many Australian small businesses are eligible for various grants, only some take advantage of the possibilities that are available. Every year, many businesses either are unaware of their existence or don’t understand how to apply for government funding, which results in an estimated $1 billion being unclaimed. To start a new initiatives, expand or…

7 Unmissable Warning Signs Your Business is Heading for Financial Trouble
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7 Unmissable Warning Signs Your Business is Heading for Financial Trouble

There are many obstacles to overcome while running a business, but dealing with financial hardships is among the most daunting. The good news is that you can take preventative measures if you know what to look for in the beginning. Many business owners get so caught up in their day-to-day tasks that they miss key…

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