Published on 16 May 13
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
The R&D tax incentive is now well and truly open for business. In previous years, briefings could only speculate as to how the program could work. For the first time, we can examine the program from a real-world perspective.
Topics covered in this paper include:
- successful approaches to completing applications for registration including consolidated groups
- strategic issues in obtaining advance/overseas findings??
- highlights from AusIndustry guidance material on core versus supporting R&D activities, dominant purpose and sector-specific R&D
- making sense of ATO rulings on feedstock, clawback, building expenditure and payments to associates
- how to tackle the new quarterly credits regime.
Ian Ross-Gowan is a Director with Michael Johnson Associates, Australia's largest independent advisor on R&D programs. Prior to commencing with MJA in 2008, Ian was the Group Taxation Manager of OneSteel. He has been working in R&D from a tax perspective since 1993 including the R&D Tax Concession, R&D Tax Incentive and the 1990s investment allowance. Ian is the major author of the R&D sections of CCH tax guides and writes R&D articles for The Tax Institute's Taxation in Australia journal and is a candidate for a PhD in taxation law with the University of NSW undertaking research into the taxation and accounting treatment of long-term complex production assets.
- Current at
29 October 2012
Kris is Chairman of Michael Johnson Associates Pty Ltd (MJA). He joined MJA as a consultant in 1987 and became a Partner in 1989. Kris’s 28 years of experience in providing advice on government programs that support innovation makes him one of the most experienced people in the area. Kris is a founding member of the federal government’s R&D Tax Incentive National Reference Group.
- Current at
02 June 2015