ATO and AusIndustry clamp down on non-compliant R&D Tax applications – are your claims defensible?

As an outcome of the ever increasing number of R&D Tax Incentive claimants (over 15,000) and annual benefits paid (over $3 billion), the Government announced further reductions to R&D Tax benefits in the May budget and has further ramped up their audit and review activities to ensure proper integrity measures are applied after rejecting many claims and seeking repayment of benefits paid in prior years.

For more information on the current audit environment may impact you, click here