{"id":843,"date":"2016-01-14T06:00:34","date_gmt":"2016-01-14T06:00:34","guid":{"rendered":"http:\/\/ausgrant.com.au\/?p=843"},"modified":"2017-06-01T06:57:17","modified_gmt":"2017-06-01T06:57:17","slug":"is-research-and-development-part-of-your-companys-2016-agenda","status":"publish","type":"post","link":"https:\/\/ausgrant.com\/au\/is-research-and-development-part-of-your-companys-2016-agenda\/","title":{"rendered":"Is Research and Development Part of Your\u00a0Company’s\u00a02016 Agenda?"},"content":{"rendered":"

\"hand-1036494_960_720\"<\/a>The adequately deemed \u2018silly season\u2019 has officially come to a close, marking the start of a new year, new resolutions, new ideas, and new ways. Although these are often concerned with a new fitness regime, new language or the phasing out a bad habit in our personal lives – our corporate goals shouldn\u2019t be left off the resolutions agenda either.<\/p>\n

Whether you believe in resolutions or not, making a list of action can help you achieve your goals in 2016. Certainly, <\/em>the New Year means new opportunities\u2014for networking, meeting clients, expansion, and growth. It is a great time of year to evaluate the old, and consider the new. For instance, the inclusion of \u2018innovation\u2019 in a company\u2019s goals for 2016 is a great place to start. \u00a0\u00a0Due to Turnbull\u2019s Innovation Statement being released last month, there is no denying the fact that the term \u2018innovation\u2019 has become politically fashionable. However, how can companies translate this buzzword into a reality for their company?<\/p>\n

One perceptible way of growing innovation in your company is by increasing research and development (R&D) activities. Besides supporting the creation of new products, processes, and software, R&D can increase profits and knowledge for a company. Consequently increasing cash flow and improving productivity. Moreover, companies can benefit further by utilising the governments R&D Tax Incentive.<\/p>\n

The research and development (R&D) incentive is intended to boost innovation in firms and improve business processes \u2013 and can also provide companies with generous tax benefits. Although, there is a common misunderstanding that the R&D tax incentive\u00a0only relates to technology or\u00a0research focused companies, such as the enormous pharmaceuticals companies. Nonetheless, any business which is innovative or undertaking eligible activities may qualify. The R&D Tax Incentive is one of the most effective methods of support for research in Australia and provides companies with up to 43.5 cents back for every eligible dollar \u2013 even in cases where small or young firms aren\u2019t yet paying tax.<\/p>\n

Hence, in 2016, companies wishing to refresh, reinvent and re-energise their companies should highly consider investing in innovation. As mentioned above, R&D activities are one great way of driving innovation. Posing the question, what new opportunities could R&D create for you this year?<\/p>\n

AusGrant<\/a> is one of Australia\u2019s leading grant consultancy services,\u00a0providing\u00a0specialist services relating to grant\u00a0submissions and R&D tax agent services. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The adequately deemed \u2018silly season\u2019 has officially come to a close, marking the start of a new year, new resolutions,
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