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Do we have a problem with our R&D tax rebates?, page-12

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AllFuelledUp

4,783 Posts.

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06/12/18

19:19

Post #: 36776133
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Originally posted by Hollycozy ↑

The AFR is running a story this morning about issues relating to R&D incentive and how the Department of Industry, Innovation and Science is cracking down on claims.

Apparently even Airtasker got hit.

You can read the story here:

https://www.copyright link/technolo...hreatens-software-sector-20181129-h18j51?btis

Daniel Petre from Airtree Ventures said: it is vital for the future prosperity of Australia that the government quickly addresses the fact its most important scheme for supporting start-ups is not suited for software companies."

So seeing MYQ is a software company, and they might have to pay all R&D credits back, any idea on how they will fund it? I'm pretty sure that was the only source of income in the last 18 months or so

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Thanks for the link- this is potentially very brutal. Gotta make sure you get good advice

MYQ Price at posting: 31.5¢ Sentiment: None Disclosure: Not Held
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