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Latest Guidance on Research and Development (R&D) Claims

14 December 2023 admin Leave a comment

Introduction: Let’s talk about recent updates from the Australian Taxation Office (ATO) regarding Research and Development (R&D) tax incentives. They’ve raised concerns about businesses claiming these incentives in ways that might not be fair or right. Two new alerts, TA 2023/4 and TA 2023/5, highlight specific issues—let’s break them down in simpler terms. Taxpayer Alert … Continue reading Latest Guidance on Research and Development (R&D) Claims →

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R&D Tax Offsets: A Closer Look at Recent ATO Reminder

30 August 2023 admin Leave a comment

Introduction Research and development (R&D) plays a critical role in defining the landscape of industries in the domain of innovation and advancement. Recognizing the importance of R&D activities, governments throughout the world frequently offer tax breaks to encourage businesses to participate in them. The Australian Taxation Office (ATO) has issued a reminder on tax offsets … Continue reading R&D Tax Offsets: A Closer Look at Recent ATO Reminder →