General (148)
R&D tax incentive
on 2021-02-11 23:22:27
by
Claire Chang
Posted in
General
The research and development (R&D) tax incentive encourages companies to engage in R&D benefiting Australia, by providing a tax offset for eligible R&D activities. Purpose of the R&D tax incentive The R&D tax incentive aims to boost competitiveness and improve productivity across the Australian economy by: • encouraging industry to conduct R&D that may not otherwise have been conducted • improving the incentive for smaller firms to undertake R&D • providing business with more predictable, less complex support Administration and registration departments The ATO and the Department of Industry, Innovation and Science (on behalf of Innovation and Science Australia) jointly administer the R&D tax incentive. Your R&D activities must be registered with the Department of Industry, Innovation and Science before the tax offset is claimed, and we determine if the expenditure claimed in your tax return for your R&D activities is eligible for the tax offset. Core components • whether or not your entity is eligible to register R&D activities and claim R&D tax offsets in any given year • a refundable tax offset for certain eligible entities whose aggregated turnover is less than $20 million • a non-refundable tax offset for all other eligible entities • you have incurred notional deductions of at least $20,000 on eligible R&D activities Tax offset for entities engaged in R&D • a 43.5% refundable tax offset for eligible entities with an aggregated turnover of less than $20 million per annum, provided they are not controlled by income tax exempt entities; • a 38.5% non-refundable tax offset for all other eligible entities (entities may be able to carry forward unused offset amounts to future income years). R&D Tax Incentive Full Article
研发费用税收激励
on 2021-02-11 23:14:17
by
Claire Chang
Posted in
General
研发税收优惠政策鼓励企业通过为符合条件的研发活动提供税收抵免来从事有益于澳大利亚的研发活动。 研发税收优惠的目的 研发税收激励措施旨在通过以下方式提高整个澳大利亚经济的竞争力并提高生产率： •鼓励行业进行原本无法进行的研发 •改善对较小企业进行研发的激励 •为企业提供更可预测，更简单的支持 行政登记部门 澳大利亚税务局和工业，创新与科学部（代表澳大利亚创新与科学部）共同管理研发税收优惠。您的研发活动必须在向工业，创新和科学部注册之后，才可以申请抵税，两个部门将确定您在税收申报中为您的研发活动所支出的费用是否可以抵税。 核心构成 •您的实体是否有资格在任何一年注册R＆D活动并要求R＆D税收抵免 •总营业额少于2000万澳币的某些合格实体的可退还税收抵免 •所有其他符合条件的实体的不可退还的税收抵免 •您已经在符合条件的研发活动中名义上扣除了至少20,000澳币
New Employees
on 2021-02-11 23:00:30
by
Claire Chang
Posted in
General
Once a new staff member has been employed by the company, it is important the administrative duties are followed closely. This can avoid confusion at a later date, particularly in regards to the award and conditions of employment. The following is a list of forms that would be typically handed out at the commencement of employment: • Tax file number declaration. • Withholding declaration (depends on situation) . • Superannuation choice form. • Fair Work information statement. • Relevant award or agreement. • New Employee Form.New Employee Full Article Link
Family Trust
on 2021-01-31 23:22:30
by
Claire Chang
Posted in
General
We got a lot of enquiries about whether we should set up a family trust to avoid my personal tax, some clients are under PAYG withholding employment arrangement. I always said not everyone suitable to set up a family trust, all depends on individuals’ situations. Today, I would like to write some general information related to this topic. What is family trust? Family trust is a common type of trust used to hold assets or run a family business. A family trust is an inter vivo discretionary trust which means it is established by someone during their lifetime to manage certain assets or investments and support beneficiaries, such as family members. The advantages of trusts. Why do people want to establish trusts? Full article link