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R&D Tax incentive program

17 April 2012

The Government's R&D Tax Incentive program gives rise to new opportunities for companies to make potential cash savings of 15 cents in each dollar to support research and development (R&D) activities. 

The program which applies for income years beginning on or after 1 July 2011 reaffirms the Government’s commitment to encouraging industry investment in research and development (R&D) by providing a targeted tax offset. 

Boyce Director, Kathy Kelly is a member of the R&D Tax Incentive Advisory Committee which is charged with monitoring the performance of the program and providing advice to Government on its implementation and operation. 

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Conservation tillage 15% Refundable tax offset

1 January 2012

Farmers will benefit from $44 million in Federal Government funding through a 15 per cent refundable tax offset (RTO) for new conservation tillage equipment. 

This initiative is part of the Federal Government’s Carbon Farming Futures program aimed to encourage farmers to move to zero and minimum tillage farming techniques to enhance soil carbon, water retention and productivity. 

The tax offset forms part of the Clean Energy (Consequential Amendments) Bill 2011 which has passed through parliament and received Royal Assent. The Bill provides for a 15% RTO for certain new depreciating assets used in conservation tillage farming practices effective from 1 July 2012. 

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NSW Land Tax 2012

NSW Land Tax 2012

1 January 2012

If you own any property in NSW that is not your principal place of residence as at midnight on 31 December 2011, including a holiday house or unit, you may be liable to pay land tax. 

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Oliver's insights - 2012 and beyond

1 January 2012

Dr Shane Oliver, Head of Investment Strategy and Chief Economist with AMP Capital Investors provides a useful summary of key views on the global economy and investment outlook, in simple point form, both from a 2012 and medium-term perspective. 

This article is brought to you by Boyce Financial Services, the financial advisory division of Boyce Chartered Accountants. 
Click here to download a PDF of the original article including graphs.

INTRODUCTION

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Tap into technology to grow your business

1 January 2012

Rapid advancements in technology and communications, combined with time-poor consumers and the shift to a global market place are challenging the traditional business model. Business practices and the methods employed to interact with customers and with other businesses are rapidly evolving. 

Change, although challenging, brings opportunities. Here we look at five innovative ideas for your business to consider in 2012. 

1. EXPLOIT THE DEMAND FOR NICHE PRODUCTS ONLINE

Consumers are becoming more aware of where the food they eat is grown and where the products they buy are made. Demand for fresh, locally produced food is growing, as is the demand for high-quality Australian made product. Exploit opportunities offered via the Internet to market a niche product. 

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