
2024 End of Financial Year Considerations in R&D Tax
As the 2023-24 financial year ends, Australian taxpayers are preparing for the crucial considerations of the Research & Development Tax Incentive (R&DTI).
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As the 2023-24 financial year ends, Australian taxpayers are preparing for the crucial considerations of the Research & Development Tax Incentive (R&DTI).
Accurate recordkeeping is essential for R&D Tax Incentive claims. Read this quick guide on tracking eligible expenses, time-tracking tools, and maintaining documentation.
Overseas R&D expenses may qualify for the Australian R&D Tax Incentive through the Advanced Overseas Finding, requiring strict eligibility and documentation.
Aggregated turnover impacts your R&D Tax Incentive claim. Learn more about the aggregation rules in this guide.
AI founders can often claim a portion of eligible R&D costs. This quick guide covers eligibility, classification, and compliance to help optimise your R&D Tax Incentive experience.
If claiming R&D Tax Incentive, you might prefer the financial certainty provided with a Advance Finding. For claiming overseas activities, it’s essential.
Documentation should be produced and maintained to assist with the initial claim and may have to be provided in the event of an audit or review.
The 2021-22 R&D Tax Incentive Report highlights industry engagement with the R&DTI program and the ATO’s compliance focus, underscoring transparency in R&D funding.
Tax consolidation in Australia simplifies tax reporting for groups by treating them as a single taxpayer. It offers benefits like streamlined administration and franking credit pooling but involves complex rules and potential CGT liabilities.
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