27 April, 2019
For more than two years now (from 1 July 2016) two key tax incentives have been available for investors considering putting their money behind qualifying start-up businesses — or as the ATO defines them, early stage innovation companies (ESICs). The incentives provide your eligible clients who invest in new shares in an ESIC with: a non-refundable
[ Read More ]Not so many years ago, the concept of raising funds via crowdfunding would more likely be seen as a way to fund community-based, local-issue or “help-your-neighbour” initiatives. But increasingly these days crowdfunding is viewed as a viable source of seed capital, and is no longer regarded as the shy little sister of venture capitalism.
[ Read More ]Up until the end of the 2014-15 income year, certain costs incurred by businesses that were starting up were able to be deducted over five years. This was set out in section 40-880(2), and allowed a five-year straight-line write-off for a number of specific types of business related capital expenditure. In the bad old
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