Does drinking on the job count as R&D? presentation

Published on 23 May 13 by TASMANIAN DIVISION, THE TAX INSTITUTE

Many business principals are not aware that they are entitled to the concession, while practitioners are generally unaware of the business’s activities that might qualify for R&D. The R&D tax concession can apply to any company that undertakes research on products, processes or inputs where the outcome is not known. Under the recently revised rules, a business undertaking R&D can effectively get cash tax rebates even where they are paying no tax in that year. This would apply to many involved in the production of beer, spirits, wine and cider.

This presentation commences with a brief overview of the R&D tax concession and then uses a number of case studies to show the practical application of the R&D tax concession to businesses that are down the end of the dirt road. It covers:

• R&D 101: the recent changes summarised
• what constitutes R&D now?
• R&D in pots, stills and barrels: in-the-ground and above-the-ground opportunities
• R&D opportunities arising from the trendy and rapidly developing organic product market.

Author profile

Anthony Ince CTA

Tony has more than 30 years’ experience in indirect tax matters. He has been involved in the GST since its inception in Australia and was the spokesperson for CPA WA during implementation. Tony also practices in the area of Fuel Tax Credits and state taxes, such as payroll tax and land tax. In this capacity, he has presented on indirect tax topics at numerous state and national events, including CPA Congress and Taxation Institute State Taxes Conferences. Since 2003, he has lectured as a sessional lecturer in undergraduate and post-graduate tax at Curtin University and also instructs for the Tax Institute in their “Structured Education Program”. - Current at 01 September 2022

More by Tony INCE

• GST property issues – Gimme shelter paper - 11-August-2016
• Payroll tax: Inter-jurisdictional Issues paper - 28-July-2015
• GST issues paper - 12-February-2014
• Does drinking on the job count as R&D? paper - 23-May-2013
• GST and property: It's only 10% so what's the problem? paper - 01-August-2012
• Payroll tax grouping paper - 26-July-2012
• GST update: A practical approach paper - 11-August-2011
• Payroll tax update paper - 28-May-2009
• GST and the sale of a business paper - 27-March-2008
• Payroll tax - some important issues paper - 02-June-2006
• Pressing GST issues for small business seminar paper - 29-October-2004
• Seven Other Issues in Payroll Tax seminar paper - 30-July-2004
• GST and Small Business - 01-September-2000

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