How can the Government pass a Bill that reduces investment into Research & Development in Australia, which flies in the face of guidance offered by tax practitioners, industry bodies, and Australian companies that rely on the R&D Tax Incentive? Pretty easily it seems. The Govt has proposed to reduce the…
Read more >While the Morrison Government, spearheaded by Treasurer Josh Frydenberg, push ahead with changes that could cripple the R&D Tax Incentive, Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell AO has called for an end to retrospective audits of R&D Tax Incentive claims where the associated refunds were paid (and spent) years…
Read more >Late last week, the Treasury Laws Amendment R&D Tax Incentives (Research and Development Tax Incentive) Bill 2019 (the revised bill) was introduced to the House of Representatives. The revised bill contains proposed changes to the R&D Tax Incentive. The history of the revised bill stems from a 2016 review of the…
Read more >Australian innovation cities – The most innovative city in Australia? Melbourne. The announcement that Melbourne has been named as Australia’s most innovative city in the 2019 2thinknow Innovation Cities Global Index is likely to escalate the longstanding rivalry between Australia’s two largest cities, Sydney and Melbourne. Ranked 16th in the…
Read more >