Small businesses could get access to $20,000 instant asset write-off for another year

“Small businesses around the country could be given another 12 months to take advantage of the federal government’s $20,000 instant asset write-off scheme that was first introduced in mid-2015. The write-off is due to end on June 30 this year, however, small business minister Michael McCormack has called for the budget measure to be extended for … Read more

RedEye founder Wayne Gerard on how the R&D tax incentive should be fixed to drive growth in Australian startups

“Last week, minister for innovation Greg Hunt released a series of recommendations from the federal government’s R&D tax incentive review. Whilst it is great to see R&D receiving focus from our political leaders, I believe the recommendations have overlooked some important reforms that could drive growth among our next generation of Australian businesses. With startups increasingly generating … Read more

Start-up investment tax incentives ‘world’s most generous’

“The Turnbull government’s tax incentives for investment in innovative start-ups introduced to Parliament on Thursday are “arguably the most generous in the world”, the head of the start-up lobby says, although the process of approving “innovation companies” could be simpler. The entire board of StartupAUS met with Innovation Minister Christopher Pyne in October, and their recommendations on … Read more

Learn how much cash your Startup can claim from the Australian Government using the R&D Tax incentive!

“We are now working with the Tulla Private Equity Group (The Maloney Family Office) developing smarter and more efficient strategies to get you funded. By filling in the form below we’ll get you on the Tulla Private Equity radar for potential investment whilst also unlocking  Government funding and potentially some salaries for the founders and … Read more

Taxation for Australian Businesses : Understanding Australian Business Taxation Concessions (ebook)

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Author: Rod Caldwell Small businesses are often just that—small. Bookkeeping may be done by a professional outside the company, but more often falls to an employee or the business owner, who may or may not be well-schooled in the intricacies of tax law and business regulations. Tax time can end up costing small businesses a … Read more

Why tax breaks are not the answer to encourage Australian startups

“The Turnbull government will release its innovation statement in the next few weeks, and it’s widely expected to include tax breaks for startups. The government may abolish capital gains tax (CGT) for investments in early stage companies, especially in the high-tech sector. The idea, promoted by Coalition backbencher David Coleman, is that those who invest in … Read more