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MJA Updates
The R&D Tax Incentive and Software Development: A better fit than the alternatives.
Since the announcement in the October 2020 Budget that the R&D Tax Incentive (RDTI) cuts were not going through, the attention has turned to the thorny issue of the eligibility of software R&D. Many commentators are pushing for the introduction of a separate tax concession program for software R&D in certain circumstances. MJA Director, Ian Ross-Gowan, reflects on the wisdom…The R&D Tax Incentive: It works and it works well
It has to be said that it’s been a tough couple of years for the R&D Tax Incentive (the Incentive). For what is meant to be available to the market as a planning tool, it’s taken a number of hits that have seen the program being regarded as anything but stable and certain including: The introduction of the $100 million…R&D Rate reduction Bill update
Parliament has survived its first week back with a new speaker and a strong focus on the calls for marriage equality. In the background, the Senate has not considered the re-tabled proposal to reduce the R&D tax incentive benefit; a further cut to the program following the introduction of the $100 million expenditure cap. However, unlike the cap, this reduction will affect…Keep informed
MJA updates keep you informed on how government decisions will effect your business. This is a must if you want to know the latest on business and company insights without having to read and decipher complicated law and tax manuscripts.