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.
Description
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.