Early this week, the Tax Institute of Australia (TIA) called for guidance material on the JobKeeper scheme in relation to the R&D Tax Concession and transfer pricing. In an open letter from TIA president Peter Godber, the TIA made a submission to the ATO encouraging a more “considered approach … in relation to guidance being […]
Ahead of tonight’s Federal Budget announcement, startups have urged the Turnbull Government to facilitate better access to finance for small businesses, extend the instant asset tax write-off scheme, better support startups with global ambitions, implement sharing economy regulations, expand the R&D tax incentive and incentivise early stage investments. Beau Bertoli (Prospa), Tim Bos (ShareRing), Mike […]
Ahead of the release of the 2018-19 Federal Budget on Tuesday (8 May), Dynamic Business spoke to a cohort of startup advocates about the measures they hope to see from the Turnbull Government. In this article, the first in a two-part series, Sarah Moran (Girl Geek Academy), Beau Leese (Intersective), Mick Spencer (ONTHEGO), Bridget Loudon […]
A Queensland company that secured millions in tax refunds for clients by exploiting the R&D tax incentive program has been ordered by the Federal Court to pay a $4.25 million fine to the Commissioner of Taxation. The Commissioner commenced action last year against Australian R&D Funds and Grants Services Pty Ltd, now known as International […]
Although it’s becoming easier for startups to raise capital in Australia, high-growth companies are hamstrung by a shallow pool of global talent, warned Alex McCauley, CEO of StartupAUS and lead author of the 2017 Crossroads Report. The report, a comprehensive review of the nation’s startup ecosystem, features a state-by-state brief on the progress of local startup […]
As the innovation capital of the world, Silicon Valley has given birth to some of the world’s most successful start-ups. Organisations that have grown to be the big brands infiltrating every aspect of our lives – Netflix, Facebook, Apple, eBay, among them. There are many more. It makes you wonder, is there something in the […]
Most, if not all, self-funded entrepreneurs understand the challenges that go hand in hand with starting a business in today’s competitive start-up environment. For those that choose the self-funding route, the stress factor can go through the roof if you’re unprepared. At the same time, the benefits of self-funding can far surpass the challenges – […]
Businesses will need to think more strategically about which government grants to apply for following the recent belt-tightening of the budget. The budget repair task has meant the pool of available money is smaller, the grants are more modest and business owners will need to adapt accordingly. Chief executive of consultancy outfit Insight Business, Martin […]
The Gillard Government’s research and development tax incentive could allow thousands of small businesses to innovate and boost business operations.
Innovation Minister Kim Carr has announced a team of small business and industry experts will oversee the new R&D Tax Incentive and advise the government about its performance.
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