Research and Development Tax Incentive

The Research and development (R&D) tax incentive encourages companies to engage in R&D benefiting Australia, by providing a tax offset for eligible R&D activities. It has two core components: o    a refundable tax offset for certain eligible entities whose aggregated turnover is less than $20 million o    a non-refundable tax offset for all other eligible entities. The R&D … Research and Development Tax Incentive Read More »

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Small Business NEWS

The instant asset write-off threshold has been increased to $30,000 and extended to 30 June 2020. If you purchase an asset (new or second hand) costing less than $30,000 and it is used or installed ready for use from 7:30pm AEDT on 2 April 2019, you can claim a deduction for the business portion. Different … Small Business NEWS Read More »

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Tax Breaks – Small Businesses

The Australian Taxation Office (ATO) defines a small business as having a total annual income between $2 million and $10 million. If your firm falls into this criterion, we have gathered some useful information on tax breaks for you.  A tax break is any sort of tax deduction, tax credit or tax exemption. It is … Tax Breaks – Small Businesses Read More »

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