Federal Government Economic and Fiscal Update

By William Buck on 24/09/20 - Mins to read: 3 minutes

Treasurer Josh Frydenberg and Senator and Finance Minister Mathias Cormann today announced some unsurprising numbers as part of an Economic and Fiscal Update ahead of the Federal Budget, to be handed down on 6 October 2020. These include: An $85.8 billion deficit in the 2019-20 financial year financial year An...
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Government’s proposed R&D changes – key points to cut through the noise

By Jack Qi on 24/09/20 - Mins to read: 3 minutes

Earlier this week, the Senate inquiry’s report into the Government’s proposed cuts to the R&D tax incentive was delayed yet again – this time until after the Federal Budget in October. Whilst this seemingly never-ending story is generating a lot of discussions, many startups and scaleups are wondering what this...
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Outsourcing R&D Tax Incentive assistance to ensure your claim is eligible

By Dr. Rita Choueiri on 24/09/20 - Mins to read: 3 minutes

Many R&D Tax Incentive (RDTI) claimants are surprised to discover that successfully registering an R&D claim doesn’t necessarily mean their claim is eligible. In most cases, the regulators, AusIndustry and/or ATO, don’t assess the eligibility of an RDTI claim before a company receives and spends its R&D refund. The RDTI...
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Jobkeeper Payment eligibility changed – Take action now

By Greg Travers on 24/09/20 - Mins to read: 3 minutes

If your business is accessing the JobKeeper Payments system, the rules around which employees are eligible have changed with immediate effect. This means that you need to take action now. The key change to the JobKeeper rules is that the previous 1 March 2020 employee eligibility date has been updated to...
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