Expert Insights Tax & Accounting

One of the key measures targeting innovation in the 2021 Federal Budget is the introduction of a “patent box scheme” worth over $100 million annually.

A new definition of “resident” will have important consequences in areas such as Australia’s claim to tax, entitlements to tax offsets, obligations to withhold, exposure to CFC attribution, exposure to CGT and superannuation.

Firms with an integrated cloud practice management solution are proven to be more efficient, increase billable hours and be more likely to attract and retain talent, while also being able to collaborate closely with their clients.

As part of the 2021–2022 Federal Budget, the Federal Government has announced reforms to employee share ownership in Australia.