Aaron Wallace, Operations Director of Nudge Accounting, and Sean Moynihan, Federal Government specialist at PwC, will be presenting this MAP Master Class!
Aaron will run through the basics of accounting for startup founders. He will explain the relationship between cash flow, budgeting, runway and making investment decisions, to ensure that you leave with an understanding of how to think about money as a founder.
Sean is a R&D tax incentives and government grants specialist. He’ll show you what kinds of activities are eligible for the R&D tax incentives and how to claim them. Government grants are an excellent resource for startups that are often under-utilised, and Sean will show you how to identify appropriate sources of government funding, eligibility criteria and application processes.
Key topics:
- overview of accounting for startups;
- importance of cashflow;
- planning budgets & cash runways;
- making investment decisions;
- accounting tools & resources; and
- how to utilise the R&D tax incentive scheme.
About Aaron Wallace
Aaron is a co-founder and the Operations Director of Nudge Accounting. Aaron likes how small business makes a big difference in his life. From the local coffee shop to Nudge’s talented design team, they all make life just that bit better. Aaron has seen business from lots of different angles. He is a lecturer in Accounting at the University of Technology, Sydney and was previously a manager at a Big 4 accounting firm, KPMG. Aaron learnt about small businesses first hand growing up in the family’s real estate agency and began his accounting career working extensively in taxation for small businesses.
About Sean Moynihan
Sean specialises at PwC in Federal Government funding with a focus on the R&D Tax Incentive. Each year PwC assists in excess of 100 Australia startups from an array of different industry sectors in lodging their R&D Tax Incentive claims to receive cash refunds from the Federal Government. PwC also provides hundreds of startups with a wide array of business solutions that are required at different stages of their growth ranging from pre-incorporation to IPO and beyond.
About MAP Master Class Series
The Master Class Series provides practical advice to early-stage startup founders on the day-to-day challenges of running a business. Sessions are held every second Wednesday from 5.30pm to 6.30pm in Brown Theatre of Electrical Engineering (Building 193) at the University of Melbourne Parkville campus. The format is a 45 minute presentation by guest speaker followed with a 15 minute open Q&A.
About MAP
The Melbourne Accelerator Program (MAP) is the preeminent entrepreneurship program in Australia. We offer support through a range of workshops, programs and events for entrepreneurs at all stages of development. These are designed to enhance the quality of the entrepreneurial talent pool and include MAP Public Forums, the MAP Master Series, Startup Velocity, Escape Velocity and Specialist Feeder Programs.
Top startups are awarded Entrepreneurial Fellowships through our competitive selection process which grants access to the MAP Startup Accelerator. Entrepreneurial Fellowships include $20,000 funding, access to office space and unparalleled networking opportunities, mentoring and endorsement from the University of Melbourne.
For more information please visit our website, or get in touch with us on Twitter or Facebook.
An audio visual recording of this event may be produced by the University of Melbourne and uploaded to the MAP YouTube page. By attending this event you consent to being filmed.
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