This course provides an outline of the R&D tax concession incentive 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.
Key topics:
- Who is eligible?
- Working out your “aggregated turnover”
- Working out your “notional deductions”
- Working out your tax offset
- Special rules
- Strategies to maximise your incentive
This one hour online course forms part of the FastClass short course suite.
Learning objectives
- Articulate the changes to the tax concession for R&D expenditure
- Determine whether you are eligible for the R&D tax incentive
- Identify the expenditure that is eligible for the incentive
Audience
Tax professionals working in Public Practice or corporate/SME entities with responsibilities requiring detailed knowledge of the provisions of R&D tax incentives.
This course is based on the Australian taxation system.
