Popular tax incentive on shaky ground, lawyer says
With no changes to the R&D Tax Incentive in the federal budget to address the mounting cost of the scheme, the industry is being told to brace for inevitable change and potentially cutbacks.
The R&D Tax Incentive has been under scrutiny after the ATO recently clamped down on claimants of the scheme, issuing a number of taxpayer alerts for potential misuse of the system.
Read the full article on Accountants Daily.
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