A detailed review resulting in an 84 page report - of the research and development tax incentive (RDTI) and the administration of it - has concluded that “The program is achieving the government’s policy objective of stimulating the economy by encouraging companies to develop innovative ideas and activities.”
The Board acknowledges that there are challenges with recognising r and d in software development, and that improvements should be made to allow them to participate .
Mick Lynch of BSI Innovation (www.bsi grants.com) says this is welcome news - and a definition that clearly allows software development to be included in the scheme will make way for entrepreneurs to take those risky decisions!
For more information Denham Sandler has a more details article go to innovationaus.com
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