MJA Updates
Immediately below is an important press release from the Federal Government regrading industry assistance. Applications for Round two of the Manufacturing Modernisation Fund (MMF) are now open. As the first...
The recent passing of the Bill that preserved and, in some ways, extended the value of the R&D Tax Incentive (the RDTI) has been warmly received by the market.It follows the improved understanding of the...
The thousands of companies that deliver Australian innovation have received a tremendous boost in tonight's Federal Budget.The current R&D Tax Incentive (RDTI) Bill, that sought to introduce $1.8...
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...
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...
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...
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...
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)...
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...
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MJA updates keep you informed on government decisions impacting your business, simplifying complex law and tax details.
