PROFESSION • By Malavika Santhebennur

Trimming R&D tax incentives a ‘big hit’ to businesses

Two of the proposals in the government’s draft legislation to reform the R&D tax incentive could slow investment and hurt genuine innovators, according to an R&D tax incentives specialist.

Investors want more qualitative reporting, research finds

One university researcher has stressed the importance of narrative or qualitative metrics in companies' industry-based reporting in a quantitative reporting-heavy environment.

PROFESSION • By Carlos Tse

R&D investment rises to $17bn: ATO

The ATO’s data has revealed that almost $17 billion was invested in qualifying research and development by companies in 2023–24, up from $16 billion in the previous year.

PROFESSION • By Malavika Santhebennur

Australia ‘cannot migrate its way out of auditor capacity challenge’, warns CPA

With the registered company auditor landscape at a demand nearly 10 times its current capacity, one accounting body has stressed that migration cannot be the only lever to solve this shortage.

PROFESSION • By Carlos Tse

Tribunal upholds ATO decision on administrative penalties in SMSF case

The Tribunal found the SMSF trustee intentionally disregarded the taxation law when they made misleading statements about their fund receiving an audit and affirmed the administrative penalties imposed by the ATO.

PROFESSION • By Miranda Brownlee

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