2018

The Australian Accounting Standards Board (AASB) has defended its proposal to implement a revised conceptual framework and its effect on financial reporting requirements, noting that it would only affect a small number of entities. With the International Accounting Standards Board (IASB) recently amending the Conceptual Framework for Financial Reporting, the AASB is proposing changes to maintain

The Federal Government thinks R&D is a key factor in driving innovation, productivity improvements and economic growth. So it gives an incentive to boost R&D investment by minimizing the cost to business. To that end, tax offsets are available for up to $100 million of eligible expenditure per financial year. Currently, businesses with an aggregated