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The Berd in your hands - The new R&D incentive presentation


Where do you see your business in 5 years time? Does your business intend to provide the same products or services the same way as now?  Are  you looking at developing new or improved products, processes, materials, services or devices? Do you have plans to reduce costs or the impact of the Carbon Tax on your business? Do you want to improve productivity? Does your business just need to keep improving just to keep up or stay ahead of the competition’s technology?

Much of what you are doing to achieve this could be BERD – Business Expenditure on R&D. For June year ends, the year just ended was the first year of the new R&D Tax Incentive. This new pogram has been introduced to overcome the problems of the old R&D Tax Concession. The old program had become underpowered and overcomplicated and there were questions about its effectiveness. The new program increases the benefit but changes the definitions, the claiming process and the compliance regime. This presentation covers:

  • What these changes are and how they may affect your business
  • Which businesses are advantaged and which may not be
  • What the change from a Super Deduction to a Tax Offset based on notional deductions means
  • How the move from a net expenditure claim to a gross expenditure claim with new taxes to claw back recoupments and feedstock revenue work.

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Ian Ross-Gowan
Current at 15 June 2011 Click here to expand/collapse more articles by Ian Ross-Gowan.


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The Berd in your hands - The new R&D incentive

Author(s):  Ian Ross-Gowan

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