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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...
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...
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...
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...
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,...
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...
An R&D Activity is Not A ‘Business As Usual’ Activity Is It?
At the joint AusIdustry/ATO R&D Tax Incentive Workshop conducted in Sydney this June, one of the risk areas associated with the R&D Tax Incentive (the Incentive) that was explored was the claiming of...
Software R&D What if the Pretzel is considered an Asset?
In our third and final blog entry on software R&D for now, we will look at the issues surrounding the capitalisation of software expenditure. Some businesses have different policies on when and...
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...
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