Hi Nick, The R&D Tax Concession (for loss-making and profit-making co's) isn't new. Here's a guide to the one that's been in force (link below). I claimed as a loss-making co a couple of years ago and got $45 back. I think I've posted on this here before. I needed to have more than $20K in eligible R&D expenditure in the year. That includes salaries, contractors' fees, rent, equipment etc......it's pretty liberal. The only major item I couldn't claim was patent costs, which they considered commercial rather than R&D. I had some really good advice from Michael Johnson & Associates on this.
The only bummer with this arrangement was that there's a clawback setup whereby - once you've claimed once - you have to then spend a multiple of your previous claim/spend before you're eligible to claim again. I have no idea how closely the letter of the new arrangement will follow the existing one. My accountant knew nothing about this stuff. John Haining from MJA is all over this stuff........he'd be a great guy to talk to. I'm sure he's in this group. www.ausindustry.gov.au/InnovationandRandD/RandDTaxConcession/Pages/GuidetotheRDTaxConcession.aspx Cheers, Andrew. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Silicon Beach Australia mailing list. No lurkers! It is expected that you introduce yourself: http://groups.google.com/group/silicon-beach-australia/browse_thread/thread/99938a0fbc691eeb To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en -~----------~----~----~----~------~----~------~--~---
