R&D tax incentive 2012

The Berd in your hands - The new R&D incentive

Source: Victoria

Published Date: 15 Aug 2012

 

Where do you see your business in 5 years time? Does your business intend to provide the same products or services the same way as now?  Are  you looking at developing new or improved products, processes, materials, services or devices? Do you have plans to reduce costs or the impact of the Carbon Tax on your business? Do you want to improve productivity? Does your business just need to keep improving just to keep up or stay ahead of the competition’s technology?

Much of what you are doing to achieve this could be BERD – Business Expenditure on R&D. For June year ends, the year just ended was the first year of the new R&D Tax Incentive. This new pogram has been introduced to overcome the problems of the old R&D Tax Concession. The old program had become underpowered and overcomplicated and there were questions about its effectiveness. The new program increases the benefit but changes the definitions, the claiming process and the compliance regime. This presentation covers:

  • What these changes are and how they may affect your business
  • Which businesses are advantaged and which may not be
  • What the change from a Super Deduction to a Tax Offset based on notional deductions means
  • How the move from a net expenditure claim to a gross expenditure claim with new taxes to claw back recoupments and feedstock revenue work.

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Already a Subscriber? Login now

Details

  • Published By: Ian Ross-Gowan CTA
  • Published On:15 Aug 2012
  • Took place at:RACV Club, Melbourne

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

R&D tax incentive 2012

Share this page