R&D-tax-incentive
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R&D tax incentive to change

The calculation for entities claiming the R&D tax incentive is proposed to change commencing for income years beginning on or after 1 July 2018. The changes for calculating the R&D tax incentive will be based around an “R&D intensity…
R&D-tax-incentive
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Minimum Wages Rules with Section 550 of Fair Work Act

Are you the person involving payroll? Then you must read this! Under section 550 of the Fair Work Act, a person who is involved in a contravention of the Act is held responsible for that contravention. A person is involved in a contravention…
R&D-tax-incentive
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Healthcare practitioners and lump sum receipts

Generally, a business that runs a healthcare centre operation will entice practitioners to operate in their centre with incentives such as entry payments. Typically, these lump sum payments are classified by the healthcare centre as being consideration…
R&D-tax-incentive
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Offshore supplies of “low-value” goods to consumers

Until 1 July 2018, a GST and customs duty exemption generally applies to goods imported in a consignment with a customs value of no more than $1,000. The exemption — referred to as the “low value threshold” (LVT) — does not apply to…
R&D-tax-incentive

Super guarantee non-compliance audits becoming targeted

A recent media release by the Australian Taxation Office has highlighted their intention to increase case work by their officers in the superannuation guarantee (SG) area. This media release has followed a recent report surrounding the SG “gap”. The…