With only a few weeks left until the end of the 2019FY, we are urging companies to spend all their necessary R&D expenses before its too late. We often find that directors are not paying themselves a wage for their R&D work, or have not bought all the services or items required to undertake development…
For companies that have already completed their 2018FY R&D claim, or do not have a R&D claim for the 2018FY, the upcoming 2019FY R&D claim may be the last thing on their mind until applications open in 1 July 2019. At The Grant Specialists, we want to make sure that all companies are getting the…
Last year, the Australian government planned to implement a $2.4 billion cut to the R&D Tax Incentive by introducing new caps on cash refunds along with changes in how the R&D offset was calculated for both small and large companies. With fears that companies will simply start undertaking R&D overseas, or halt activities altogether due…
The ability for small business entities to claim an immediate deduction for assets costing less than $20,000 has been extended for another 12 months until 30 June 2019.
Every year they publish small business benchmarks that outline what a typical business ‘looks like’ in different industries. If your business falls outside of those benchmarks, the ATO is likely to take a closer look at why that is.
One of the interesting approaches to tackling the black economy in the recent 2018-19 Federal Budget was the announcement of a $10,000 limit on cash payments to business.