This online course provides a basic outline of the R&D Tax Concession including eligibility requirements, notional R&D deductions and how to work out your offset.
Description
This course provides a basic outline of the R&D Tax Concession including eligibility requirements, notional R&D deductions and how to work out your offset. There is also an explanation of how to work out your aggregated turnover, and the significance of this concept.
Other matters covered include:
- Registration of research and development activities
- Who your affiliates are
- Who is connected with you
- Exclusions
- Special Rules
- R&D Partnerships
- Imputation and how it is affected by the concession
- R&D conducted overseas and
- Strategies to maximise your incentive
This one hour online course forms part of the FastClass short course suite.
Learning objectives
- Determine whether your organisation qualifies for the R&D Tax Concession
- Know how to apply to the IR&D Board for certification
- Work out your aggregated turnover
- Calculate your notional R&D deductions
Audience
This online course is for people working in Public Practice and/or Small medium enterprise entities with responsibilities such as Sole Practitioners, Partners and Directors and those with a professional interest in taxation.