As the GM at a company that creates software to help businesses achieve better R&D tax compliance, I have had the opportunity to observe R&D tax record keeping, compliance, and governance practices within many businesses. Regardless of company size, or industry sector, some common qualities...
Accurate reporting and record-keeping are critical parts of an R&D Tax Incentive claim. These are two of the most vital elements for businesses seeking to access the program as they underpin the very eligibility of the claim and the ability of your business to access...
Synnch is an easy-to-use tool that will help you maximise R&D Tax Incentive claims. What is the R&D Tax Incentive? Research and development activity where you have conducted an experiment or trial to develop new knowledge which may be used in the development of new or improved...
Getting funding for your R&D activity can often be the main challenge facing Australian businesses seeking to innovate. The hard work that goes into a great business idea or concept, finding the right people and bringing the new product or service to market, could all...
The team at Synnch lives and breathes R&D. We understand the importance of innovation in driving change for your organisation and differentiating it from the pack. Over the next three months, we will be speaking to a number of Australian founders, innovators, and business owners who...
Here at Synnch, we are passionate about all things R&D and innovation. We welcome any initiatives that are designed to grow the impact of the R&D Tax Incentive on the Australian innovation scene. That’s why we are optimistic about the ability of the new patent box...
Australian companies that engage in Research & Development (R&D) can be eligible for a tax offset if these activities are deemed relevant by the Australian Tax Office. This funding can often come at a critical stage during the innovation process and assist with the hiring...
On December 5th, the Morrison Government reintroduced legislation in an effort to better target the Research and Development Tax Incentive (R&DTI) and to ensure its ongoing sustainability. The following measures were introduced and will be further debated when parliament resumes in February 2020. R&D expenditure threshold...
Particularly for information technology, software and application development industries, R&D occurs every day. You wake up in the morning, brush your teeth and think about how you can shake things up in your industry. You go to work and research it. Develop it. Make it...
The manufacturing sector is one of the largest and most profitable industries in Australia. And why wouldn’t it be? Spanning everything from food and beverage, tobacco, textiles and therapeutic goods to chemicals, machinery, metals and plastics, Australian manufacturing is responsible for producing so much of the...