MYQ 0.00% 15.0¢ myfiziq limited

Do we have a problem with our R&D tax rebates?

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    The AFR is running a story this morning about issues relating to R&D incentive and how the Department of Industry, Innovation and Science is cracking down on claims.


    Apparently even Airtasker got hit.


    You can read the story here:


    https://www.copyright link/technology/tech-firms-including-airtasker-hit-by-rd-incentive-crackdown-that-threatens-software-sector-20181129-h18j51?btis


    Daniel Petre from Airtree Ventures said: it is vital for the future prosperity of Australia that the government quickly addresses the fact its most important scheme for supporting start-ups is not suited for software companies."


    So seeing MYQ is a software company, and they might have to pay all R&D credits back, any idea on how they will fund it? I'm pretty sure that was the only source of income in the last 18 months or so



 
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