- p. 02 9810 7211
- info@mjassociates.com.au
MJA Updates
AusIndustry Release R&D Tax Incentive Guidance
AusIndustry has issued seven products to assist taxpayers and advisers in making claims under the R&D Tax Incentive. There are four Specific Issue Guidance products for: Agriculture - Getting farming R&D Tax Incentive claims right Building and Construction - Getting building and construction R&D Tax Incentive claims right Mining - Getting mining R&D Tax Incentive claims right Software Development -…The R&D Tax Incentive Review: Talk of Blunt Instruments and Wrecking Balls
As we rapidly head towards the closing date for submissions in respect of the current Review of the R&D Tax Incentive (the Review), it is high time we supply this third and final instalment of the MJA Update which seeks to unpack the issues contemplated by Messrs. Ferris, Finkel and Fraser. Our focus will be on the effectiveness and additionality…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…The R&D Tax Incentive Review – Integrity Matters
The R&D Tax Incentive Review (the Review) has been on the road this week with a series of briefing sessions conducted by AusIndustry around Australia. It is an interesting move as the Review contains exactly what it says it does – a series of recommendations. It is not a policy statement from government and it certainly does not reflect any intended…The R&D Tax Incentive Review – What Happens When You Start Unpacking The Messages
The recent release of the R&D Tax Incentive Review (the Review) has again seen the R&D Tax Incentive (the Incentive) hit the headlines and, as usual, for a mixture of the right and wrong reasons. The innovation community has been given an opportunity to respond to the recommendations of the Review by 28 October. We urge you to consider making a…R&D Tax Incentive Review Released
The Review of the R&D Tax Incentive Report has just been released. The report has been co-authored by Mr Bill Ferris AC, Chair, Innovation Australia, Dr Alan Finkel AO, Chief Scientist and Mr John Fraser, Secretary to the Treasury. We will provide a summary and analysis of the recommendations in subsequent MJA Updates over the coming days. Should you wish…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…Cutting The R&D Tax Incentive By $900 Million – Esoteric or Not Esoteric, That Is The Question
Innovation policy has been getting a decent run in this Federal election campaign. We keep hearing how the word ‘innovation’ is off the banned list and that it’s what is most critical if we are to make the transition to the knowledge economy and keep the dream of this being the best time ever to be an Australian well 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.