5 R&D Tax lessons from the Tier Toys AAT case

The Tier Toys AAT case has a number of interesting lessons for R&D Tax Incentive applicants as well as for the broader Grants Consultant industry. The facts of the case are quite involved and I suggest that you read the case to familiarise yourself with all the...

Proposed changes to EMDG for 2014/15

  Certain proposed changes to the EMDG Act will make good reading to many exporters, including those exporters that are starting the export journey and who may not have had the financial resources to commit and meet the current threshold limits. It would appear...

Online export sales – how can EMDG help?

For the financial year 2012/13, Australian exports amounted to $301.5b. PayPal Australia has estimated that the value of Australian exports sold over the internet is currently $5.6b and would rise to $15b in 2016. Since 2007/08, total exports have increased by an...

Some Key R&D Tax Incentive Points from an AAT Case

AusIndustry has in this post set out some key R&D Tax Incentive lessons that can be learnt from the Mt Owen AAT case. Background Mount Owen Pty Ltd had an open-cut coal mine and had claimed for R&D activities at the mine during the period January 2000 to 31...

EMDG – the dreaded year three application conundrum

I had a meeting with a new client last week where we discussed an Export Grant situation that many startup company’s find themselves in. The client had a product but the industry that they are in has a long lead time when it comes to getting a purchase order and...

Deadline for Self Prepared EMDG applications

December 2 Monday 2nd of December 2013 Monday the 2nd of December 2013 is the deadline for self prepared Export Market Development Grant (EMDG) applicants. Certain EMDG consultants have been approved by Austrade to lodge applications until Friday the 28th of February...

R&D – when are expenses incurred?

A case that had R&D implications was finalised in the AAT at the end of July 2013. Although the matter, Vision Intelligence Pty Ltd and Commissioner of Taxation [2013] AATA 527, went to the AAT looking for a reduction in penalties imposed by the ATO, the crux of...

I had an EMDG audit that didn’t go well – what next?

Austrade undertakes a risk assessment on all EMDG applications received. If you are a First Time Applicant (FTA), there is a very strong likelihood that you will get a visit or at the very least, a phone call. FOR FTAs, this interaction with Austrade is to enable them...

The ATO and R&D Tax compliance

The ATO has issued its Compliance in focus 2013-14 document where it sets out what the ATO will do to manage the risks to and maintain the integrity of Australia’s taxation and superannuation systems for the next 12 months. On page 14, we read the following with...