For those lucky enough to have made it back to the cinema, the main offering has been Christopher Nolan's latest magnum opus, "Tenet". It's not a spoiler to say that there are several shots throughout the...
MJA Updates
Policy
Senate Committee Report Delayed till Post-Budget
In February 2020, the Senate referred the provisions of the Treasury Laws Amendment (Research and Development Tax Incentive) Bill (the Bill) 2019 to the Economics Legislation Committee for inquiry and report...
The R&D Tax Incentive – How To Take Some Of The Anxiety Away
Followers of the MJA Update will be all too keenly aware of the uncertainties associated with the outstanding Bill that cuts the value of the R&D Tax Incentive (the Incentive). The Bill pares back value...
ATO Issues Draft Taxation Determination Regarding Impact Of JobKeeper Payments
The ATO has released Draft Taxation Determination TD 2020/D1, setting out how the 'at-risk rule' (section 355-405 of the Income Tax Assessment Act 1997) applies to JobKeeper payments received by a company...
Public Hearing Into R&D Tax Bill Is Happening Next Monday
The Federal Government has announced today that the Senate Economic Legislation Committee’s (the Committee) delayed public hearing into the Treasury Laws Amendment (Research and Development Tax Incentive)...
R&D Tax Incentive: More Flexibility Provided In Respect of Finding Applications But The Most Pressing Question Remains Unanswered
In a pleasing development this week, the Federal Government has announced a three month extension for the lodgement of Advance and Overseas Finding applications through to 30 September for taxpayers with a 30...
Living In The Time Of Recalibration – Why Should The R&D Tax Incentive Be Any Different?
We hope that this MJA Update finds you and your families doing as well as possible. One unavoidable consequence of the current pandemic is that certain words in the lexicon get rolled out as never before....
The R&D Tax Incentive: A Golden Opportunity To Do Its Bit
With the world attempting to come to grips with the COVID-19 situation, it's hard to find too many opportunities for good news but recent discussion regarding the R&D Tax Incentive (the Incentive) is one...
Meet The New Bill. Same As The Old Bill.
Rock and roll fans might recognise the source material of the above quote as being The Who’s “Won’t Get Fooled Again”, Roger Daltrey giving voice to the entrenched frustration Pete Townshend utilised to drive...
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MJA updates keep you informed on government decisions impacting your business, simplifying complex law and tax details.