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.

gzt



4441 posts

Uber Geek
+1 received by user: 216

Subscriber

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
3000 posts

Uber Geek
+1 received by user: 187

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:




News »

Trending now »
Hot discussions in our forums right now:

Moment of Truth?
Created by BarTender, last reply by KiwiNZ on 18-Sep-2014 17:18 (352 replies)
Pages... 22 23 24


IOS8 - Network Load
Created by FireEngine, last reply by joker97 on 18-Sep-2014 19:43 (36 replies)
Pages... 2 3


10 Iphone 128gb 6+ iphones this weekend at auckland airport
Created by frysie, last reply by TimA on 17-Sep-2014 22:02 (36 replies)
Pages... 2 3


Mr. Key to extradite Kim Dotcom?
Created by TimA, last reply by SaltyNZ on 18-Sep-2014 09:20 (126 replies)
Pages... 7 8 9


Spark DNS Issues - Amazing - Broadband Service Alert
Created by PeteS, last reply by Demeter on 15-Sep-2014 14:13 (307 replies)
Pages... 19 20 21


Gigatown finalists and retail provider
Created by freitasm, last reply by macuser on 17-Sep-2014 23:02 (17 replies)
Pages... 2


2014 Holden SS (V8) or Ford XR6-T (in-line 6 turbo)
Created by joker97, last reply by ilovemusic on 16-Sep-2014 14:34 (71 replies)
Pages... 3 4 5


Maybe some politicians should go back to school?
Created by jarledb, last reply by DarthKermit on 18-Sep-2014 18:27 (31 replies)
Pages... 2 3



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.