Budget 2020: Addressing the R&D Tax Incentive debacle is the “number one priority” for startups
With the 2020 budget fast approaching, and it comes as no surprise that for Alex McCauley, the most pressing issue is the R&D Tax Incentive.
Business making a COVID-19 loss? Claim a deduction, ATO says
The ATO has issued a PSA for small business owners about their ability to claim a deduction for losses inccured during the COVID-19 pandemic.
JobKeeper 2.0 GST turnover ruling may leave some businesses ineligible, expert warns
There is new concern that some businesses may be left of out JobKeeper 2.0 because the ATO has tightened GST calculation options.
Losing access to JobKeeper? Expert advice for sole traders and small business owners
JobKeeper 1.0 is expiring at the end of this month. Here's what sole traders and small businesses need to know about transitioning off the wage subsidies.
Explained: What sole traders and small businesses must do to access JobKeeper 2.0
Businesses won't need to re-enrol to access JobKeeper 2.0, but they will need to tell the ATO who was working in their business in February.
More delays plague R&D Tax Incentive inquiry
The Senate committee reviewing a series of controversial changes to the R&D Tax Incentive has quietly pushed back its reporting date.
Chris Jordan floats streamlined future of tax, saying ATO could “do your BAS for you”
In the future, the ATO could take the strain off business owners by doing many of their obligations for them, Chris Jordan says.
JobKeeper 2.0: ATO updates eligibility guidance, sets August 31 deadline for wages
The ATO has issued new guidance for businesses looking to bring new workers under the JobKeeper wage subsidy program.
Ditching checklists and tradition enabled the ATO to swiftly roll out COVID-19 support measures, according to commissioner Chris Jordan
When Chris Jordan arrived at the ATO in 2013, after more than 25 years at KPMG, he quickly began challenging the status quo.
“We cannot support the bill”: Atlassian and Canva slam proposed R&D changes in midst of COVID-19 chaos
Canva and Atlassian have taken aim at the proposed changes to the R&D Tax Incentive, saying the committee must consider COVID-19.
Man sentenced to six years’ jail over “intricate tax evasion” that saw $4.5 million recovered
The tax office has closed a 19-year tax evasion case, with a 60-year-old man sentenced to six years in jail for their role in the scheme.
R&D tax cuts will force clawbacks, ATO admits
Businesses accessing the R&D Tax Incentive scheme before new legislation is finalised may have to make repayments, the ATO has confirmed.