The 2014 financial year is now over. This means (amongst many other things) that startups can submit their applications for the R&D Tax incentives. In this article, we chat with PwC partner, Scott Warnock about how startups can maximise their R&D tax incentive refund.
The business media has been quick to pick up a story published on the Australian Financial Review revealing that the stringent tax rules relating to employee share programs may be meeting its timely demise.
The 56th Governor of New York, Andrew Cuomo has become one of the most popular faces within the east coast startup ecosystem. His new initiative, Startup New York, means that people launching new businesses in the state will be able to do so 100% tax-free for a period of 10 years.
With Bitcoin use increasing in Australia, there has been little guidance to date from the ATO and other regulatory authorities about the accounting and tax treatment of this payment method. So we have put together a list of some of the key accounting and tax questions you may have when using Bitcoin.
Your startup is now at a stage where there’s money in the bank and / or a regular income stream to start paying yourself. Brilliant! So just how do you go about paying yourself?
When it comes to hiring, a common area of confusion for startup founders is whether their new hire is in fact a contractor or an employee.