The research and development tax incentive (R&DTI) is only growing in value and scope, with a new Australian Taxation Office (ATO) transparency report detailing $16.2 billion in claims recorded over the 2022-23 financial year. And for the second year in a row, software giant Atlassian is the nation’s top claimant, reporting more than $220 million in… Read more »
Bitcoin is ubiquitous. It is impossible to open a social media stream or news source without encountering yet another mention of the topic. Many Australians have invested, hoping for a good return. But they may not have considered the tax consequences of their investments. So some might be in for an unexpected surprise. The tax… Read more »
News emerged this week that Canva was looking at another secondary share sale, worth up to US$500 million (A$762m) with its valuation increasing by more than 15% to US$37 billion (A$56.2bn). It seem surprising with a US listing on the Nasdaq expected as soon as 2026. But in breaking the news The Information reported that… Read more »
Morning and happy Thursday. There’s plenty of big news from the tech world, so let’s go. 1. Ousted WeWork founder sues investor WeWork co-founder Adam Neumann is suing the company biggest backer, SoftBank, for failing to buy US$3 billion worth of WeWork stock from the former CEO and other shareholders, claiming the Japanese investor… Read more »
Google has settled a long-standing dispute with the Australian Taxation Office (ATO) agreeing to pay an extra $481.5 million in additional tax in a major financial win for the federal government. The search giant’s agreement follows in the wake of similar deals with Microsoft, Apple and Facebook as part of a multinational e-commerce crackdown by… Read more »
If you’ve just lodged your FY2019 tax return and left off income from renting out a room for a few nights on Airbnb, you’d better let the Australian Tax Office (ATO) you need to make some amendments quickly. The global online accommodation site has given the ATO the rental income data – and much more… Read more »
One area which causes a lot of confusion amongst startups (and businesses of all sizes) is around meals and whether they can be claimed as a tax deduction.
Daily startup news and insights, delivered to your inbox.
