As reported in the Media and in Notices published in ASIC earlier in the month, BourkeHood Pty Ltd has entered administration with KordaMentha having been appointed.
This development may impact some companies seeking to lodge claims early in the new financial year to facilitate receipt of Refundable R&D Tax Offsets for FY23.
For impacted companies, we recommend that you refer to the websites of the programme regulators (AusIndustry and ATO) to familiarise yourself with the programme requirements.
For companies whose activities are eligible and documented in accordance with the regulator guidance, Swanson Reed has resources available to facilitate the processing of your FY23 Claims.
Please reach out to our office should you wish to discuss.
Please get in touch with our office if you would like to speak to someone about a potential R&D claim, or check out our website for more information.
Pattens Group Pty Ltd / Tuesday, October 17, 2023 - 15:02
Accountants claiming R&D Tax is a recipe for potential disaster. Did we not learn from PWC and Deloitte errors? Where are the essential scientists and engineers for project plan preparation and validation? Would you have an accountant run your R&D Project? I would only trust a Grants Specialist with my claims.