Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MORETreasury's 'costing hole' removes R&D constraints, says RSM Australia
Amid mounting concerns about the magnitude of the miscalculation involved in the federal government’s flagship R&D tax incentive program, RSM Australia has led calls for a reconsideration of technical oversights regarding refundable offset claims.
The Treasury formula used to calculate the true cost of the program seemingly overlooked the non-tax deductibility of eligible R&D expenditure, leading companies to relinquish a 30 per cent tax deduction. Stephen Carroll of RSM Australia’s tax services division is therefore calling for a more realistic discussion, tabling the best mix of measures for an R&D tax incentive program.
Read the full story at AccountantsDaily.
Previous
IFAC calls for re-energised fight against corruption
Next
SMSFs still missing out on property tax break
Jim Chalmers warns budget revenue upgrades will be modest but flags...
Treasurer Jim Chalmers will say lower commodity prices and a softening labour market mean this year’s revenue upgrade...
READ MORE
QANTAS pays women 37% less, Telstra and BHP 20%. Fifty years after...
Men continue to outstrip women in the salary stakes, with men’s median annual salary $11,542 greater than women’s,...
READ MORE