
Cashflow: What you need to know and do to help your business
Every founder and business owner dreads running out of cash. So here’s a Q&A with our founder, Remco Marcelis, covering all your cashflow Qs (and then some).
As a startup, the R&D tax incentive is possibly one of your main funding sources. And as dedicated startup accountants, we’ve been watching the government’s treatment of it closely.
In February, AusIndustry released new guidance on R&D tax for software development. We broke it down in StartupSmart and in case you missed that, we’re covering it here too.
To avoid kickback from AusIndustry reviewers of your software development R&D tax claim in future, you’ll need to:
These definitions aren’t necessarily new but by releasing this guidance, AusIndustry is sending a clear message that it’s going to be paying more attention to these things in particular.
The guidance provides some examples to help you understand whether your software development will be eligible for the R&D tax incentive, including:
It also suggests doing a GitHub search or searching tech blogs and forums to help determine whether or not you’re developing new knowledge.
The guidance also provides some examples of what will not be eligible for R&D tax, including:
If you want to learn more, including the full definitions of experiments, hypothesis and knowledge (and while you’re there, learn more about the Frascati Manual for R&D …!), then download the full guidance materials and a guide to common errors.
Or if you want to chat about your particular case, you could book in a free call with us too.
Your practical step-by-step ebook to understand how startup funding works plus how and when to get it.
Every founder and business owner dreads running out of cash. So here’s a Q&A with our founder, Remco Marcelis, covering all your cashflow Qs (and then some).
The CocoNutZ story starts with an Indonesian sauce and turns into a high tech sugar cane operation in QLD. Find out more in this Q&A with the experts behind it.
Brandon is a finance expert with strategic and operational skills. He’s here to help Brisbane and QLD based businesses succeed. Go on, get to know him.