Research and Development for SMEs seminar paper

Member Price: $57.00

Non Member Price: $75.00

Publication date: 28 Feb 03


There have been significant changes and issues arising in relation to Research and Development (R&D) for business in Australia. This seminar paper covers:
- tax concessions - general principles
- mandatory R&D Plans from 1/7/2002
- tax offset for small companies (cashing out)
- premium deductions (175% tax deduction)
- schedule for tax returns
- start grant program - where is it at?
- other grants and assistance available for SMEs.

Author profile:

Terence Lewis CTA
Terry has a broad range of experience in the taxation field. In a previous life, he worked for the Australian Taxation Office, in the income tax audit area. Although this was many years ago, it provided him with a good grasp of the environment within the ATO and how best to deal with disputes or potential disputes, if and when they arise. When he left the ATO in 1994 Terry became a tax manager with KPMG Peat Marwick. During his time with KPMG he developed as a specialist in tax matters relating to business enterprises which led to his admission as a partner of KPMG in 2003. His knowledge and experience spans a broad range of tax and structuring issues relating to business enterprises, including capital gains tax, Division 7A (shareholder loans and payments), Superannuation and GST. Terry left KPMG in December 2006 to set up the chartered accounting firm Lewis Richmond, he continued to provide tax consultancy and compliance services within this new firm environment, providing services to a wide range of high wealth family groups, some of which have substantial property holdings. In November 2012 Lewis Richmond merged with William Buck and he is now a Director with William Buck in the Business Advisory area.
Current at 08 July 2013
Click here to expand/collapse more articles by Terry LEWIS.



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Purchase individual materials from this event:

Part IVA and the Tax Adviser - Don't Taint the Wine
Author(s):  Justice D Graham HILL

Income Alienation - Reviewing the Big Picture
Author(s):  Gil LEVY

Asset Protection for Professionals - Saving the Grange
Author(s):  Ken SCHURGOTT

Service Trusts in the Future
Author(s):  David W MARKS

Division 7A Issues - being prepared to survive an audit
Author(s):  Peter RILEY

Structuring a Business to take advantage of CGT Concessions
Author(s):  Gordon S COOPER

Self Managed Superannuation Fund Investment Rules
Author(s):  Mark PIZZACALLA

Research and Development for SMEs
Author(s):  Terry LEWIS

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Fixing your tax problem: where to go for what and why?
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