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This article is part of the occasional series "Future Tech Today," which offers firsthand experiences from accounting firms, finance departments, and others putting cutting-edge technologies to work today. Three years [...]

The significant time and resource loss associated with HMRC inquiries into (https://www.accountancyage.com/2021/11/02/call-to-prepare-as-hmrc-ramp-up-investigations-into-rd-tax-credits/) potentially fraudulent research and development (R&D) claims highlights the need for enhanced diligence, according to James Clark, associate [...]

Federal tax credits designed to encourage energy-efficiency measures by homeowners and home builders expired at the end of 2021 but are expected to be revived later this year--and made retroactive. [...]

In recent years, a narrative has emerged in the Australian popular media about the box office 'unpopularity' of Australian feature films and the 'failure' of the domestic screen industry. This article explores the recent history of Australian screen policy with particular reference to the '10BA' tax incentive of the 1980s; the Film Finance Corporation of Australia (FFC), a government screen agency established in 1988 to bring investment bank-style portfolio management to Australia's screen industry; and local production incentive policies pursed by Australian state governments in a chase for Hollywood's runaway production. We argue the IOBA incentive catalysed an unsustainable bubble in Australian production, while its policy successor, the FFC, fundamentally failed in its stated mission of 'commercial' screen financing (over its 20-year lifespan, the FFC invested A$1.345 billion for A$274.2 million recouped--a cumulative return of negative 80 per cent). For their part, private investors in Australian films discovered that the screen production process involved high levels of risk. Foreign-financed production also proved highly volatile, due to the vagaries of trade exposure, currency fluctuations and tax arbitrage. The result of these macro-and micro-economic factors--often structural and cross-border in nature--was that Australia's screen industry failed to develop the local investment infrastructure required to finance a sustainable, non-subsidised local sector.

[ILLUSTRATION OMITTED] QUESTION Heat a garage I'd like to heat my garage so I can work on projects in the winter. But I don't know what type of heater is […]

Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the treasury; there [...]

Revenue Canada has been witnessing a sharp decline in the number of claims for Scientific Research and Experimental Development (R&D) tax credits since the elimination of retroactive claims on Sep 13, 1994. The move compelled companies to disregard tax credit claims, believing that obtaining the benefits of tax incentives is not worth the trouble of filing one. In addressing the problem, Revenue Canada undertook a series of measures aimed towards enhancing its client service oriented activities. Professional advisers are also encouraged to promote the use of information reporting systems and disseminate technical and financial information.

While recent and ongoing economic concerns have forced some franchisors and franchisees into a state of financial panic, there can be a brighter side to tax day. Each year as [...]

From the street, the single-family homes Ryan Burk owns look similar to others around the city of Detroit. But a comparison of heating bills would tell a different story. The [...]

Metro Buyers Group of Alpharetta, Ga., is offering first-time homebuyers in 11 states cash at closing in return for assigning $8,000 federal tax credits to the company. The American Recovery [...]

HM Revenue and Customs has decided to take a more flexible line with tax credit recipients. Not before time, writes Gary Vaux welfare rights elfare rights advisers generally promote benefit [...]

Take a look at the Adwatch table alongside this piece and spot the odd one out. Which name would you not expect to see in a list of the most-recalled [...]

Tax credit development and management of transparency in financial services is discussed.

As lawmakers ramp up the debate to replace Michigan's single-business tax, it's not just the tax itself that concerns the business community. At stake are nearly $2 billion in tax-credit [...]

Michigan needs more flexibility in its law allowing the Michigan Economic Growth Authority to grant tax credits to attract new business, Detroit Regional Chamber lobbyist Sarah Hubbard told the Detroit [...]

Misys, the global software and services group, reported a slight increase in audit fees for the year to May 31, which was offset by savings gained on tax advice for [...]

welfare rights You should be better off in work than on welfare. But it's not that easy, writes Gary Vaux Work is the best form of welfare. That is the [...]

When Labour was voted into office in 1997, one of the first phrases it coined was 'joined-up government' - the novel concept that government departments should talk to each other [...]

Parents will be able to claim tax credits to contribute towards child care provided by nannies under proposals announced this week. The government plans will also create a regulation system [...]

to a list that includes Toyota, Schwab and Nestle. we can add Tesla. California couldn't compete with the tax breaks, regulatory easing and other incentives Nevada offered and lost the [...]

As leaders in both business and government, we believe the time is right to enact legislation that offers significant financial incentives to employers who voluntarily provide their workers with paid [...]

Over 10 years ago, Congress enacted the Americans with Disabilities Act, which requires all public and private entities serving the public to provide equal access to all goods and services [...]

The Treasury Department has issued guidance on how allocations will be made under the New Markets Tax Credit program, which aims to pump $15 billion in private capital into low-income [...]

The Treasury Department has issued guidance on how allocations will be made under the New Markets Tax Credit program, which aims to pump $15 billion in private capital into low-income [...]

The Unified Tax Credit has been a central part of estate planning for years, but we may need to reorient our approach to it in two major ways. First, view [...]

* The Detroit Regional Chamber provides substantial savings on complete turn-key administration of more than 4,000 tax credit programs from over 80,000 taxing jurisdictions throughout the United States through its [...]

William Atwood hopes to receive a $225,000 tax credit on the cost of restoring an 1882 Victorian mansion in Brush Park in Detroit that has been vacant for 35 years. [...]

Taxpayers often think of the alternative minimum tax (AMT) as a negative, add-on tax that comes right out of their pocket. Therefore, the following advice has applied: If teetering on [...]

The 22,000 companies that participate in the Welfare to Work Partnership have hired more than 1 million former welfare recipients--at an average wage of $7.80 an hour-in the four years [...]