R&D Tax Challenges And Incentives

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Running Time: 9:29

Date: 01/04/2013

The new R&D tax incentive is a boon for Australian companies - but they have to get the documentation right.

Despite its name, the Federal Government's new R&D Tax Incentive puts the emphasis more on innovation than tax, and that's good news for business - there's more money available for eligible companies as well as significant tax reductions. But, says Paul Brindle of Thomson Reuters, it comes with a more complex documentation requirement, and - as a recent High Court case has shown - it's important to get that right. Businesses aspiring to receive the grant must be sure their knowledge management systems are up to the task - many are not, but good advice and support are available..