["success",{"Blog":{"id":"100","title":"Don't get caught out, ATO audit alert","intro":"","body":"

Don't get caught out, ATO audit alert<\/strong><\/p>\r\n

The ATO has recently announced that they intend to undertake compliance reviews to identify businesses incorrectly claiming the R&D tax incentive.
Handing back over $3 billion dollars under the incentive for the 2014\/15 financial year, the ATO will begin a range of compliance activities to ensure the legislative requirements of the generous scheme are met. This is to combat an increase of non-compliant claims, particularly expenses related to ‘ordinary business’, not genuine R&D activities.
We have seen an increase in ATO audits over the years, and this direct announcement by the ATO is confirmation that the trend will continue. It is a timely reminder for our clients to:<\/p>\r\n