The Gillard Labor Government's new R&D Tax Credit will help businesses in every sector of the Australian economy transform and invest in the future - leading to more high-wage, high-skill jobs.

Confirmation that Labor and the Greens will team up to pass retrograde changes to R&D tax incentive rules is another slap in the face for Australian manufacturers and miners.

It is also a damaging omen about the wheeling and dealing clearly already underway in preparation for a Green-controlled Senate from 1 July.

Australian companies will become more innovative and globally competitive thanks to the new R&D tax incentive.

The Gillard Labor Government’s $1.8 billion R&D Tax Credit will deliver more funding to innovative firms – including manufacturers, ICT and biotech – increasing productivity and Australia’s national income.

The Gillard Labor Government has introduced the R&D Tax Credit to replace the existing R&D Tax Concession with a more certain, more generous R&D incentive to business, particularly SMEs.

It has been reported today that industry groups and tax advisers are urging a rethink from the Government as it stubbornly prepares this week to re-introduce legislation that has attracted widespread

Business groups are calling on the Federal Government to urgently clarify whether its controversial R&D tax credit scheme will come into force as planned on July 1, after the legislation backing the new scheme

The R&D Tax Incentive’s primary objective is to enhance and increase the amount of private sector R&D being conducted within Australia, with a view towards stimulating economic growth

Apart from the change to a tax credit system and the new benefit levels, many of the other key issues are presented as options of how the new program may approach different issues.

Last week saw the passing of legislation to increase the R&D expenditure threshold for R&D Tax Offset claimants from $1 million to $2 million for the 2009/10 year

The Government has announced the planned end to the 125% Research & Development (“R&D”) Tax Concession and with it the Refundable R&D Tax Offset program.   In its place, a system of tax credits for

TAX concessions to promote research and development in Australia will be re-examined under a review of government programs to encourage innovation.

By the end of the 30th of June 2005, a total of 2,355 companies intended to claim the R&D Tax Offset and 891 companies intended to claim the 175% Premium R&D Tax Concession for

Stream A supporting projects can include project scoping or innovation mapping activities in an industry sector. Maximum funding of $150,000 is available

Time is running out for many companies to finalise their claims for this year's research and development (R&D) tax concessions. Despite potential benefits equivalent to 125% and even 175% of qualifying expenses, a surprisingly high number of companies appear not to take full advantage of the concession.

The unfashionable topic of research and development (R&D) tax concessions moves towards centre stage this month, with the government agencies responsible for its administration

The R&D Tax Concession administered by Ausindustry provides around 4000 Companies $500m per annum.

Adelaide-based engineering company Priority Engineering Services can largely attribute its export success to the R&D tax concession it receives from the Commonwealth Government.Priority Engineering Services Managing Director, Mr Peter Page, believes his company's ability to access the R&D tax concession has been an integral aspect of the company's success in the domestic and international marketplace.

The Innovation Access Program is a competitive program to encourage innovation and competitiveness by assisting in the take up of leading edge technologies and best practice processes by Australian firms.

There are many roads to success. The path from concept to commercialisation can be a treacherous journey for many entrepreneurs. And the road from export potential to genuine global player can offer more pitfalls than a Himalayan hike.

ADI recently secured Federal Government funding of approximately $4.6 million over four years under a new ICT Incubators Program, and is now seeking potential investments

Mick Lynch and Marcus Webb making clients happy

The Tradex Scheme is designed to provide an up-front exemption from Customs Duty and GST on imported goods intended for re-export, or as inputs for goods to be exported

Small businesses that were counting on government funding this year to undertake research and development and commercialisation of their projects were surprised by Canberra's announcement that funding for the R&D Start scheme will be suspended owing to a $40 million blow-out in spending this financial year.