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



8675 posts

Uber Geek
+1 received by user: 1105


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
3347 posts

Uber Geek
+1 received by user: 359

Trusted

  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 »

VMware NSX Meets Stringent Government Security Standards with Common Criteria Certification
Posted 22-Jun-2017 19:05


Brother launches next-generation colour laser printers and all-in- ones for business
Posted 22-Jun-2017 18:56


Intel and IOC announce partnership
Posted 22-Jun-2017 18:50


Samsung Galaxy Tab S3: Best Android tablet
Posted 21-Jun-2017 12:05


Wellington-based company helping secure Microsoft browsers
Posted 20-Jun-2017 20:51


Endace delivers high performance with new 1/10/40 Gbps packet capture card
Posted 20-Jun-2017 20:50


You can now integrate SMX security into Microsoft Office 365, Google and other cloud email platforms
Posted 20-Jun-2017 20:47


Ravensdown launches new decision-making tool HawkEye
Posted 19-Jun-2017 15:38


Spark planning to take on direct management of all consumer stores
Posted 19-Jun-2017 10:03


Qrious acquires Ubiquity
Posted 14-Jun-2017 12:21


Spark New Zealand prepares for 5G with Nokia
Posted 14-Jun-2017 12:16


 The future-proof  10.5-inch iPad Pro
Posted 13-Jun-2017 18:16


Mandatory data breach reporting in Australia
Posted 13-Jun-2017 11:30


Review: Sony MDR-1000X noise-cancelling headphones
Posted 12-Jun-2017 08:08


Kinetics Crowned Microsoft NZ Partner of the Year
Posted 9-Jun-2017 09:32



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.