Innercode
- Karma
- 51
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- January 9, 2014 (12y ago)
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I'm a tax agent for software companies in Australia. We specialise in the R&D Tax Incentive. If you don't know about the scheme or would like some specialised assistance, feel free to contact me: contact@innercode.com.au
when there is a gold rush, its a good time to be in the shovel business. It's uncertain what the return will be on the AI companies. But the chip companies, electricity companies, data centre companies sure will do well…
Well they have certainly tried before: https://en.wikipedia.org/wiki/Sam_Dastyari#Chinese_influence...
While the US will always be dominant, there are some advantages for Australian Tech companies to take advantage of: Cheaper tech teams with less competition. Australia has a lot of talent in the software space, but…
This may well be the biggest attempt ever to get out at the right time
The R&D Tax scheme is a mix of law, tax and accounting. Like representing yourself in a legal matter or doing your own tax return, if its simple and straightforward you might be ok to claim yourself. However add a…
Still working for Vector 5! Cheers, Andrew
The R&D Tax Incentive was designed to give a cash benefit for startups who have little tax to pay. So your example is correct for a pre revenue entity, assuming no outstanding tax liabilities. Its an entitlement scheme,…
I'm a consultant in the R&D Tax space. The press release relates to an advanced finding, which is an advanced approval of R&D activities. It does not however guarantee approval for the amount of expenditure they would…
They could have a one sized fits all operating system, however they need to tailor the interface to each type of device. Using a mouse on a "touch" interface is a terrible experience, same as using touch in a mouse…
I really like the idea. We have used similar sites for web and graphic design (i.e. 99designs) with great results. I wonder what the average 30 second ad would cost using this model? My experience with other…
As a tax practitioner working with software companies and their owners I have come to the conclusion that the Australian tax system is very hit and miss. The base rates for corporate tax and capital gains tax are high.…