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Hello, Mariah? Are You Out There?? Here Are Our Christmas Wishes For R&D
So we’ll admit to being a bit greedier that Mariah Carey who apparently only wants “you” for Christmas. Coming off the great news in the October Budget that shored up the value of the RDTI for the...
Federal Government Launches Round 2 of the Manufacturing Modernisation Fund
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...
R&D Tax Incentive – Now We Have Some Clear Air, Will It Be Smooth Sailing?
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...
R&D Tax Incentive & The 2020 Federal Budget: A Good News Story At Last Program To Be Strengthened In 2020/21; Proposed Cuts Abandoned
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...
When Innovation Policy Resembles The Latest Hollywood Blockbuster
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...
Just in time for Spring….
Spring is just around the corner, and even the Department of Industry, Science, Energy & Resources (the Department) has been doing some spring cleaning. The Department has just released its...
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...
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MJA updates keep you informed on government decisions impacting your business, simplifying complex law and tax details.