Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Buying anything on Amazon? Please use the Geekzone Amazon aff link.


gzt



4686 posts

Uber Geek
+1 received by user: 270


Topic # 145356 15-May-2014 22:07 Send private message

I see there is a measure in the budget to allow more deductibility for R&D spending:

Loss making startup companies will be able to "cash out" all of their tax losses from R&D spending, Science and Innovation Minister Steven Joyce and Revenue Minister Todd McClay said.

Also, all businesses will be allowed tax deductibility for R&D "black hole" spending which currently is neither deductible or able to be depreciated.

In addition, businesses will be entitled to a one off deduction on capitalised development spending on intangible assets that are subsequently written off.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11255333

I'm interested in how this can be expected to affect the business environment over the next few years. For example:

1. Will this make a difference to your startup or startup plans? How?
2. How will this affect existing software based startups in general?
3. Will this increase startup activity in NZ?

Any other reflections are welcome.

Thank you!

Create new topic
3035 posts

Uber Geek
+1 received by user: 215

Trusted
Subscriber

  Reply # 1045897 15-May-2014 23:01 Send private message

That is insane, we are sitting on easily 6 figures of cash coming in the door whenever this is enacted if that's how I read into that...





Create new topic




Twitter »
Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





Trending now »

Hot discussions in our forums right now:

Gigatown winner town and plans
Created by freitasm, last reply by loceff13 on 26-Nov-2014 23:01 (42 replies)
Pages... 2 3


Click Monday Deals
Created by mrtoken, last reply by Krishant007 on 24-Nov-2014 17:11 (25 replies)
Pages... 2


Gull Employment Dispute.
Created by networkn, last reply by Geektastic on 26-Nov-2014 16:35 (142 replies)
Pages... 8 9 10


Letter from Vodafone Speed Decrease WTF
Created by rokki, last reply by rokki on 26-Nov-2014 21:25 (20 replies)
Pages... 2


HP Stream 7 arrives
Created by gnfb, last reply by gnfb on 26-Nov-2014 22:49 (19 replies)
Pages... 2


The Warehouse pulling R18 games and DVD's
Created by semigeek, last reply by mattwnz on 26-Nov-2014 16:13 (56 replies)
Pages... 2 3 4


Harmoney Credit Offer
Created by rendezvous, last reply by Aredwood on 26-Nov-2014 22:45 (13 replies)

Playing with G.722 HD Voice
Created by aw, last reply by aw on 26-Nov-2014 20:26 (13 replies)


Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.