Home /
MJA Updates
Everything You Need to Know
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...
Software R&D Costing The Untwisted Pretzel
R&D in software is no different from the R&D in engineering or product development because the R&D is comprised of the experiments that test the efficacy of the hypothesis. The R&D is made up...
Software R&D – Untwisting The Pretzel
Since the R&D Tax Concession (the Concession) began in 1985, the eligibility of software R&D has been the subject of continuous conjecture and debate so much so that many have likened making a...
The R&D Tax Incentive – The Search For A Trusted R&D Tax Agent
Last week, we delineated the current risk issues associated with the R&D Tax Incentive (Incentive) as presented by AusIndustry and the ATO. Close to our heart were the concerns raised by the described...
Handling the risks in claiming the R&D Tax Incentive
As the dust cloud that was the recent Federal Election settles, we welcome Greg Hunt and Craig Laundy to the Industry, innovation and Science portfolio. One imagines that a high priority for the new team will...
Stay Updated with the Latest
MJA updates keep you informed on government decisions impacting your business, simplifying complex law and tax details.