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MJA Updates
MJA is on the move….
After 36 years on the Balmain Peninsula, MJA is excited to announce that we are moving premises on Monday 30 September 2019. Our new office address is · 72 Campbell Street Surry Hills Our telephone number will remain the same - 02 9810 7211. We would like to take the opportunity to thank all our clients for their ongoing support…AusIndustry has a new compliance process. How does it work in practice?
On 1 July 2018, AusIndustry announced that the R&D Tax Incentive compliance process has been streamlined to reduce the burden and improve the timeframes for companies chosen for examination. The stated aim is to make compliance simpler. MJA recently met with Ausindustry management in Canberra to gain a better understanding of how the new process works in practice. If a…The Saga Begins…
And no, this MJA Update is not a review of Weird Al Yankovic’s Star Wars parody of Don McLean’s American Pie entitled “The saga begins”, nor is it a critique of an American soap opera, it is in fact a direct quote from the recent AAT decision on the R&D tax program (Silver Mines Limited and Minister for Infrastructure and Regional…R&D tax rate cut effective from 1 July 2016
Just before midnight last night, the Senate voted to approve the Budget Savings (Omnibus) Bill 2016. As you will recall from an earlier MJA Update, this Bill included a 1.5% rate cut to the R&D tax offset. This rate cut applies to all eligible entities for tax years commencing on or after 1 July 2016. Whilst other aspects of the…A new season, new Parliament and a new attempt to cut the R&D Tax Offset rate
Yesterday, the 45th Parliament introduced the Budget Savings (Omnibus) Bill 2016 which included a range of measures to progress towards “fiscal repair”. One of these 24 measures was the re-introduction of mooted cut to the R&D Tax Incentive. The Bill proposes a 1.5% rate cut to all eligible entities but, unlike the previous incarnation, this Bill is not retrospective and…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.