Home » News » For Accountants

For Accountants

Notes from Productivity Commission update in February 2026

March 9th, 2026

The Productivity Commission is the Australian Government’s independent research and advisory body on economic policy and productivity. Its role is to analyse policy issues and recommend reforms that improve Australia’s productivity, living standards, and economic performance. In February 2026 it released a document titled “Annual productivity bulletin 2026” which noted that Australian market sector R&D investment, as a proportion of Gross Fixed Capital Formation (GFCF), declined by more than 40% between 1995 and 2025. This metric analysed is R&D as […]

Read More

TPB announce 2026 compliance priorities include tax practitioners who promote the abuse of R&D concessions

December 17th, 2025

The Tax Practitioners Board (TPB) is a national body responsible for the registration and regulation of tax agents and BAS agents (collectively referred to as ‘tax practitioners’). The TPB is also responsible for ensuring compliance with the Tax Agent Services Act 2009 (TASA), including the Code of Professional Conduct (Code).   In December 2025, The TPB has announced its 2026 compliance priorities and within this announcement it is noted:. ‘Our priorities address both emerging and ongoing risks concerning tax practitioner misconduct or unethical behaviour.  These […]

Read More

R&D Tax Mentions in Commissioner of Taxation Annual Report 2024–25

November 11th, 2025

The R&D Tax Incentive (R&DTI) is co-administered by two government agencies: 1: The Department of Industry, Science and Resources on behalf of Industry Innovation and Science Australia (IISA): The department registers companies for the R&DTI program and makes findings on the eligibility of R&D activities. and 2: The Australian Taxation Office (ATO):  The ATO is responsible for administering R&DTI expenditure claims, and conducts reviews and audits on substantiation of claims and other matters. The Commissioner of Taxation’s Annual Report 2024–25 was published in late October 2025. This […]

Read More

A warning for companies using AI to assist with drafting their R&D Tax Incentive Applications

July 3rd, 2025

Businesses are increasingly leveraging Artificial Intelligence (AI) to streamline various tasks in a bid to achieve significant time savings and efficiency gains. However, when using AI to assist in the drafting of documents that present legal obligations (such as an R&D Application), care should be taken to ensure the information disclosed is correct. In recent months, we have observed a growing trend of companies using AI to assist with the collation of the initial draft content for their Research and […]

Read More

Categories

Archives