Taxation

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Effects from R&D Incentive Crackdown Sparks Calls for Greater Due Diligence

Australian business-owners are being warned to practice enhanced due diligence when selecting software suppliers in the wake of a crackdown on a common tax incentive. Designed to encourage companies to invest in developing new products and ideas, the research and development (R&D) tax incentive allows businesses to claim generous tax offsets. But concerns by the […]

How to remain compliant at EOFY

With end of financial year and tax return time fast approaching, it’s a timely reminder to ensure you are claiming expenses compliantly. In a recent interview, ATO Assistant Commissioner Graham Whyte stated that, while the Australian Taxation Office (ATO) is always on the lookout for compliance across the board, this year there is a focus […]