["success",{"Blog":{"id":"104","title":"The importance of record keeping","intro":"","body":"

The R&D activities you register must be supported with original contemporaneous documentation<\/strong> -that is, tangible evidence of what R&D was conducted that was captured at the time the work was done.

Your documents need to record the purpose, progress, results and your evaluation of those results. Without contemporaneous documentation, it is virtually impossible to establish the progression of the activities undertaken and the purpose and intention of the activities was to generate new knowledge in the form of new or improved materials, products, devices, processes or services.

The tax legislation sets out what constitutes eligible R&D activities and expenditure. Entitlement to the support must always be based on these criteria and this must be backed up by original contemporaneous documentation.

There have been some unfortunate cases reported recently where companies have had their claims disallowed – not because the R&D activities weren’t eligible – but because the companies did not hold contemporaneous documentation associated with their activities and were unable to provide the documents when requested by the ATO or AusIndustry.

These cases serve as a stark reminder of the paramount importance in maintaining contemporaneous records in securing your R&D claims.<\/p>\r\n

__________________________________________________________<\/strong><\/p>\r\n


This further highlights the value of engaging a professional service provider, like ATCS, to assist you in navigating the program legislation and in establishing systems to adequately capture contemporaneous records.

Questions or concerns?<\/strong> Please get in touch: terrie@atcs.info<\/a> | 1300 76 00 51<\/p>","author":"ATCS","image":"ATCS_Contract.png","submitted":"August 27, 2017"},"BlogTag":[{"id":"390","blog_id":"104","tag_id":"1","Blog":{"id":"104","title":"The importance of record keeping","intro":"","body":"

The R&D activities you register must be supported with original contemporaneous documentation<\/strong> -that is, tangible evidence of what R&D was conducted that was captured at the time the work was done.

Your documents need to record the purpose, progress, results and your evaluation of those results. Without contemporaneous documentation, it is virtually impossible to establish the progression of the activities undertaken and the purpose and intention of the activities was to generate new knowledge in the form of new or improved materials, products, devices, processes or services.

The tax legislation sets out what constitutes eligible R&D activities and expenditure. Entitlement to the support must always be based on these criteria and this must be backed up by original contemporaneous documentation.

There have been some unfortunate cases reported recently where companies have had their claims disallowed – not because the R&D activities weren’t eligible – but because the companies did not hold contemporaneous documentation associated with their activities and were unable to provide the documents when requested by the ATO or AusIndustry.

These cases serve as a stark reminder of the paramount importance in maintaining contemporaneous records in securing your R&D claims.<\/p>\r\n

__________________________________________________________<\/strong><\/p>\r\n


This further highlights the value of engaging a professional service provider, like ATCS, to assist you in navigating the program legislation and in establishing systems to adequately capture contemporaneous records.

Questions or concerns?<\/strong> Please get in touch:
terrie@atcs.info<\/a> | 1300 76 00 51<\/p>","author":"ATCS","image":"ATCS_Contract.png","submitted":"2017-08-27 11:22:00"},"Tag":{"id":"1","tag":"Development"}},{"id":"391","blog_id":"104","tag_id":"2","Blog":{"id":"104","title":"The importance of record keeping","intro":"","body":"

The R&D activities you register must be supported with original contemporaneous documentation<\/strong> -that is, tangible evidence of what R&D was conducted that was captured at the time the work was done.

Your documents need to record the purpose, progress, results and your evaluation of those results. Without contemporaneous documentation, it is virtually impossible to establish the progression of the activities undertaken and the purpose and intention of the activities was to generate new knowledge in the form of new or improved materials, products, devices, processes or services.

The tax legislation sets out what constitutes eligible R&D activities and expenditure. Entitlement to the support must always be based on these criteria and this must be backed up by original contemporaneous documentation.

There have been some unfortunate cases reported recently where companies have had their claims disallowed – not because the R&D activities weren’t eligible – but because the companies did not hold contemporaneous documentation associated with their activities and were unable to provide the documents when requested by the ATO or AusIndustry.

These cases serve as a stark reminder of the paramount importance in maintaining contemporaneous records in securing your R&D claims.<\/p>\r\n

__________________________________________________________<\/strong><\/p>\r\n


This further highlights the value of engaging a professional service provider, like ATCS, to assist you in navigating the program legislation and in establishing systems to adequately capture contemporaneous records.

Questions or concerns?<\/strong> Please get in touch:
terrie@atcs.info<\/a> | 1300 76 00 51<\/p>","author":"ATCS","image":"ATCS_Contract.png","submitted":"2017-08-27 11:22:00"},"Tag":{"id":"2","tag":"Research"}},{"id":"392","blog_id":"104","tag_id":"4","Blog":{"id":"104","title":"The importance of record keeping","intro":"","body":"

The R&D activities you register must be supported with original contemporaneous documentation<\/strong> -that is, tangible evidence of what R&D was conducted that was captured at the time the work was done.

Your documents need to record the purpose, progress, results and your evaluation of those results. Without contemporaneous documentation, it is virtually impossible to establish the progression of the activities undertaken and the purpose and intention of the activities was to generate new knowledge in the form of new or improved materials, products, devices, processes or services.

The tax legislation sets out what constitutes eligible R&D activities and expenditure. Entitlement to the support must always be based on these criteria and this must be backed up by original contemporaneous documentation.

There have been some unfortunate cases reported recently where companies have had their claims disallowed – not because the R&D activities weren’t eligible – but because the companies did not hold contemporaneous documentation associated with their activities and were unable to provide the documents when requested by the ATO or AusIndustry.

These cases serve as a stark reminder of the paramount importance in maintaining contemporaneous records in securing your R&D claims.<\/p>\r\n

__________________________________________________________<\/strong><\/p>\r\n


This further highlights the value of engaging a professional service provider, like ATCS, to assist you in navigating the program legislation and in establishing systems to adequately capture contemporaneous records.

Questions or concerns?<\/strong> Please get in touch:
terrie@atcs.info<\/a> | 1300 76 00 51<\/p>","author":"ATCS","image":"ATCS_Contract.png","submitted":"2017-08-27 11:22:00"},"Tag":{"id":"4","tag":"Eligibility"}},{"id":"393","blog_id":"104","tag_id":"8","Blog":{"id":"104","title":"The importance of record keeping","intro":"","body":"

The R&D activities you register must be supported with original contemporaneous documentation<\/strong> -that is, tangible evidence of what R&D was conducted that was captured at the time the work was done.

Your documents need to record the purpose, progress, results and your evaluation of those results. Without contemporaneous documentation, it is virtually impossible to establish the progression of the activities undertaken and the purpose and intention of the activities was to generate new knowledge in the form of new or improved materials, products, devices, processes or services.

The tax legislation sets out what constitutes eligible R&D activities and expenditure. Entitlement to the support must always be based on these criteria and this must be backed up by original contemporaneous documentation.

There have been some unfortunate cases reported recently where companies have had their claims disallowed – not because the R&D activities weren’t eligible – but because the companies did not hold contemporaneous documentation associated with their activities and were unable to provide the documents when requested by the ATO or AusIndustry.

These cases serve as a stark reminder of the paramount importance in maintaining contemporaneous records in securing your R&D claims.<\/p>\r\n

__________________________________________________________<\/strong><\/p>\r\n


This further highlights the value of engaging a professional service provider, like ATCS, to assist you in navigating the program legislation and in establishing systems to adequately capture contemporaneous records.

Questions or concerns?<\/strong> Please get in touch:
terrie@atcs.info<\/a> | 1300 76 00 51<\/p>","author":"ATCS","image":"ATCS_Contract.png","submitted":"2017-08-27 11:22:00"},"Tag":{"id":"8","tag":"Budget"}},{"id":"394","blog_id":"104","tag_id":"12","Blog":{"id":"104","title":"The importance of record keeping","intro":"","body":"

The R&D activities you register must be supported with original contemporaneous documentation<\/strong> -that is, tangible evidence of what R&D was conducted that was captured at the time the work was done.

Your documents need to record the purpose, progress, results and your evaluation of those results. Without contemporaneous documentation, it is virtually impossible to establish the progression of the activities undertaken and the purpose and intention of the activities was to generate new knowledge in the form of new or improved materials, products, devices, processes or services.

The tax legislation sets out what constitutes eligible R&D activities and expenditure. Entitlement to the support must always be based on these criteria and this must be backed up by original contemporaneous documentation.

There have been some unfortunate cases reported recently where companies have had their claims disallowed – not because the R&D activities weren’t eligible – but because the companies did not hold contemporaneous documentation associated with their activities and were unable to provide the documents when requested by the ATO or AusIndustry.

These cases serve as a stark reminder of the paramount importance in maintaining contemporaneous records in securing your R&D claims.<\/p>\r\n

__________________________________________________________<\/strong><\/p>\r\n


This further highlights the value of engaging a professional service provider, like ATCS, to assist you in navigating the program legislation and in establishing systems to adequately capture contemporaneous records.

Questions or concerns?<\/strong> Please get in touch:
terrie@atcs.info<\/a> | 1300 76 00 51<\/p>","author":"ATCS","image":"ATCS_Contract.png","submitted":"2017-08-27 11:22:00"},"Tag":{"id":"12","tag":"Deadline"}},{"id":"395","blog_id":"104","tag_id":"13","Blog":{"id":"104","title":"The importance of record keeping","intro":"","body":"

The R&D activities you register must be supported with original contemporaneous documentation<\/strong> -that is, tangible evidence of what R&D was conducted that was captured at the time the work was done.

Your documents need to record the purpose, progress, results and your evaluation of those results. Without contemporaneous documentation, it is virtually impossible to establish the progression of the activities undertaken and the purpose and intention of the activities was to generate new knowledge in the form of new or improved materials, products, devices, processes or services.

The tax legislation sets out what constitutes eligible R&D activities and expenditure. Entitlement to the support must always be based on these criteria and this must be backed up by original contemporaneous documentation.

There have been some unfortunate cases reported recently where companies have had their claims disallowed – not because the R&D activities weren’t eligible – but because the companies did not hold contemporaneous documentation associated with their activities and were unable to provide the documents when requested by the ATO or AusIndustry.

These cases serve as a stark reminder of the paramount importance in maintaining contemporaneous records in securing your R&D claims.<\/p>\r\n

__________________________________________________________<\/strong><\/p>\r\n


This further highlights the value of engaging a professional service provider, like ATCS, to assist you in navigating the program legislation and in establishing systems to adequately capture contemporaneous records.

Questions or concerns?<\/strong> Please get in touch:
terrie@atcs.info<\/a> | 1300 76 00 51<\/p>","author":"ATCS","image":"ATCS_Contract.png","submitted":"2017-08-27 11:22:00"},"Tag":{"id":"13","tag":"Expenditure"}},{"id":"396","blog_id":"104","tag_id":"22","Blog":{"id":"104","title":"The importance of record keeping","intro":"","body":"

The R&D activities you register must be supported with original contemporaneous documentation<\/strong> -that is, tangible evidence of what R&D was conducted that was captured at the time the work was done.

Your documents need to record the purpose, progress, results and your evaluation of those results. Without contemporaneous documentation, it is virtually impossible to establish the progression of the activities undertaken and the purpose and intention of the activities was to generate new knowledge in the form of new or improved materials, products, devices, processes or services.

The tax legislation sets out what constitutes eligible R&D activities and expenditure. Entitlement to the support must always be based on these criteria and this must be backed up by original contemporaneous documentation.

There have been some unfortunate cases reported recently where companies have had their claims disallowed – not because the R&D activities weren’t eligible – but because the companies did not hold contemporaneous documentation associated with their activities and were unable to provide the documents when requested by the ATO or AusIndustry.

These cases serve as a stark reminder of the paramount importance in maintaining contemporaneous records in securing your R&D claims.<\/p>\r\n

__________________________________________________________<\/strong><\/p>\r\n


This further highlights the value of engaging a professional service provider, like ATCS, to assist you in navigating the program legislation and in establishing systems to adequately capture contemporaneous records.

Questions or concerns?<\/strong> Please get in touch:
terrie@atcs.info<\/a> | 1300 76 00 51<\/p>","author":"ATCS","image":"ATCS_Contract.png","submitted":"2017-08-27 11:22:00"},"Tag":{"id":"22","tag":"newsletter"}},{"id":"397","blog_id":"104","tag_id":"25","Blog":{"id":"104","title":"The importance of record keeping","intro":"","body":"

The R&D activities you register must be supported with original contemporaneous documentation<\/strong> -that is, tangible evidence of what R&D was conducted that was captured at the time the work was done.

Your documents need to record the purpose, progress, results and your evaluation of those results. Without contemporaneous documentation, it is virtually impossible to establish the progression of the activities undertaken and the purpose and intention of the activities was to generate new knowledge in the form of new or improved materials, products, devices, processes or services.

The tax legislation sets out what constitutes eligible R&D activities and expenditure. Entitlement to the support must always be based on these criteria and this must be backed up by original contemporaneous documentation.

There have been some unfortunate cases reported recently where companies have had their claims disallowed – not because the R&D activities weren’t eligible – but because the companies did not hold contemporaneous documentation associated with their activities and were unable to provide the documents when requested by the ATO or AusIndustry.

These cases serve as a stark reminder of the paramount importance in maintaining contemporaneous records in securing your R&D claims.<\/p>\r\n

__________________________________________________________<\/strong><\/p>\r\n


This further highlights the value of engaging a professional service provider, like ATCS, to assist you in navigating the program legislation and in establishing systems to adequately capture contemporaneous records.

Questions or concerns?<\/strong> Please get in touch:
terrie@atcs.info<\/a> | 1300 76 00 51<\/p>","author":"ATCS","image":"ATCS_Contract.png","submitted":"2017-08-27 11:22:00"},"Tag":{"id":"25","tag":"record keeping"}},{"id":"398","blog_id":"104","tag_id":"28","Blog":{"id":"104","title":"The importance of record keeping","intro":"","body":"

The R&D activities you register must be supported with original contemporaneous documentation<\/strong> -that is, tangible evidence of what R&D was conducted that was captured at the time the work was done.

Your documents need to record the purpose, progress, results and your evaluation of those results. Without contemporaneous documentation, it is virtually impossible to establish the progression of the activities undertaken and the purpose and intention of the activities was to generate new knowledge in the form of new or improved materials, products, devices, processes or services.

The tax legislation sets out what constitutes eligible R&D activities and expenditure. Entitlement to the support must always be based on these criteria and this must be backed up by original contemporaneous documentation.

There have been some unfortunate cases reported recently where companies have had their claims disallowed – not because the R&D activities weren’t eligible – but because the companies did not hold contemporaneous documentation associated with their activities and were unable to provide the documents when requested by the ATO or AusIndustry.

These cases serve as a stark reminder of the paramount importance in maintaining contemporaneous records in securing your R&D claims.<\/p>\r\n

__________________________________________________________<\/strong><\/p>\r\n


This further highlights the value of engaging a professional service provider, like ATCS, to assist you in navigating the program legislation and in establishing systems to adequately capture contemporaneous records.

Questions or concerns?<\/strong> Please get in touch:
terrie@atcs.info<\/a> | 1300 76 00 51<\/p>","author":"ATCS","image":"ATCS_Contract.png","submitted":"2017-08-27 11:22:00"},"Tag":{"id":"28","tag":"report"}},{"id":"399","blog_id":"104","tag_id":"33","Blog":{"id":"104","title":"The importance of record keeping","intro":"","body":"

The R&D activities you register must be supported with original contemporaneous documentation<\/strong> -that is, tangible evidence of what R&D was conducted that was captured at the time the work was done.

Your documents need to record the purpose, progress, results and your evaluation of those results. Without contemporaneous documentation, it is virtually impossible to establish the progression of the activities undertaken and the purpose and intention of the activities was to generate new knowledge in the form of new or improved materials, products, devices, processes or services.

The tax legislation sets out what constitutes eligible R&D activities and expenditure. Entitlement to the support must always be based on these criteria and this must be backed up by original contemporaneous documentation.

There have been some unfortunate cases reported recently where companies have had their claims disallowed – not because the R&D activities weren’t eligible – but because the companies did not hold contemporaneous documentation associated with their activities and were unable to provide the documents when requested by the ATO or AusIndustry.

These cases serve as a stark reminder of the paramount importance in maintaining contemporaneous records in securing your R&D claims.<\/p>\r\n

__________________________________________________________<\/strong><\/p>\r\n


This further highlights the value of engaging a professional service provider, like ATCS, to assist you in navigating the program legislation and in establishing systems to adequately capture contemporaneous records.

Questions or concerns?<\/strong> Please get in touch:
terrie@atcs.info<\/a> | 1300 76 00 51<\/p>","author":"ATCS","image":"ATCS_Contract.png","submitted":"2017-08-27 11:22:00"},"Tag":{"id":"33","tag":"Updates"}},{"id":"400","blog_id":"104","tag_id":"37","Blog":{"id":"104","title":"The importance of record keeping","intro":"","body":"

The R&D activities you register must be supported with original contemporaneous documentation<\/strong> -that is, tangible evidence of what R&D was conducted that was captured at the time the work was done.

Your documents need to record the purpose, progress, results and your evaluation of those results. Without contemporaneous documentation, it is virtually impossible to establish the progression of the activities undertaken and the purpose and intention of the activities was to generate new knowledge in the form of new or improved materials, products, devices, processes or services.

The tax legislation sets out what constitutes eligible R&D activities and expenditure. Entitlement to the support must always be based on these criteria and this must be backed up by original contemporaneous documentation.

There have been some unfortunate cases reported recently where companies have had their claims disallowed – not because the R&D activities weren’t eligible – but because the companies did not hold contemporaneous documentation associated with their activities and were unable to provide the documents when requested by the ATO or AusIndustry.

These cases serve as a stark reminder of the paramount importance in maintaining contemporaneous records in securing your R&D claims.<\/p>\r\n

__________________________________________________________<\/strong><\/p>\r\n


This further highlights the value of engaging a professional service provider, like ATCS, to assist you in navigating the program legislation and in establishing systems to adequately capture contemporaneous records.

Questions or concerns?<\/strong> Please get in touch:
terrie@atcs.info<\/a> | 1300 76 00 51<\/p>","author":"ATCS","image":"ATCS_Contract.png","submitted":"2017-08-27 11:22:00"},"Tag":{"id":"37","tag":"R&D Tax"}}]}]