Category Archives: newsletter

Update to proposed BIC scheme cuts, it’s not over yet!

newsletter

As an outcome of the many letters sent by the Fashion and Clothing sector opposing cuts to the last year of the BIC scheme, we can confidently report that the 2 major parties in Opposition (Labor...

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Battle to maintain BIC scheme funding

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Legislation to cut the last year from the Clothing and Household Textile Building Innovative Capability (BIC) scheme 2010 faces a battle in the Senate after the ALP and Greens opposed it in the...

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TCF Services launches its exclusive R&D Tax Incentive prepayment service

newsletter

Once the Liberal Government announced it would not proceed with Labor’s initiative to allow eligible R&D companies to claim refundable tax offsets on a quarterly basis we decided to establish a...

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Automotive Transformation Scheme update

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In handing down its first Federal Budget the Liberal Government announced the early closure of the Automotive Transformation Scheme (ATS) from the legislated date of 31/12/2020 – to be terminated...

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R&D Tax Incentive – end of financial year reminders

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To claim expenses paid to associated entities (by reason of family or business connections) you must have “paid” the amounts by the 30th of June 2014. If for any reason you do not pay the amounts...

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Federal Government cuts last year of BIC grants for Clothing industry

newsletter

As an outcome of the Federal Government’s 2014 Budget the Clothing and Household Textile Building Innovative Capability scheme (known as the BIC scheme) has had the last program year (2014/15) cut...

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