R&D Tax Incentive: Key Considerations Before the End of Financial Year
With the 30 June 2024 End of Financial Year (EOFY) fast approaching, we highlight some key considerations and reminders to help businesses make the most of their R&D tax claims.
GQHC vs Commissioner of Taxation AATA 409
The recent Administrative Appeals Tribunal (AAT) decision, GQHC and Commissioner of Taxation (Taxation) [2024] AATA 409, has brought to the forefront the extent of the Commissioner of Taxation’s (the Commissioner) powers with respect to the application of the R&D Tax Incentive (RDTI) program in Australia.
Agribusiness and the Research & Development Tax Incentive
The ATO’s Research and Development (R&D) Tax Incentive encourages companies to engage in R&D and provides tax offsets. Companies can see real tax savings and increase cash flow when undertaking eligible R&D activities.