Accounting and tax considerations of biotech companies conducting clinical trials in Australia

By Jack Qi on 21/09/20 - Mins to read: 4 minutes

With its high-quality facilities, state-of-the-art testing equipment and generous government incentives, Australia is a popular location for biotech companies to conduct clinical trials. For the parent company, setting up and operating a business in an overseas jurisdiction comes with having to navigate new regulatory requirements, so this article provides a...
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Why every startup needs to get the accounting basics right

By Karly Whitehead on 21/09/20 - Mins to read: 4 minutes

The success of every business is based on the bottom line and startups are no exception. Your startup, your idea, will be judged on how well you can translate it into financials. A good accounting foundation allows you to examine your finances and identify risks and opportunities for growth. If...
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Government’s proposed R&D changes – key points to cut through the noise

By Jack Qi on 21/09/20 - Mins to read: 4 minutes

Earlier this week, the Senate inquiry’s report into the Government’s proposed cuts to the R&D tax incentive was delayed yet again – this time until after the Federal Budget in October. Whilst this seemingly never-ending story is generating a lot of discussions, many startups and scaleups are wondering what this...
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Accounting in the age of Technology – Lessons from the past

By Janelle Manders on 21/09/20 - Mins to read: 4 minutes

A fundamental driver for any business is the need to have accurate, timely and relevant information to make effective decisions. With the increasing level of data generated about anything and everything, ensuring that the accounting system is making optimal use of that data is a role shared by business owner...
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Why hiring a virtual CFO can be a game-changer

By Cameron Martin on 21/09/20 - Mins to read: 4 minutes

Given the time pressures of running a business, many startups and even SME’s, can only devote a limited amount of time to manage the company’s finances. Adding to this pressure is the fact that most startups can’t afford to employ an in-house Chief Financial Officer. Whilst a bookkeeper or external...
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JobKeeper Program – Startup-specific issues and FAQ

By Jack Qi on 21/09/20 - Mins to read: 4 minutes

The JobKeeper program is the cornerstone of the Government’s COVID-19 economic response measures, with an estimated cost of approximately $130 billion. The measures have been enacted very swiftly so the rules and requirements are being updated “on-the-go”. Many startups are scratching their heads wondering if they actually qualify for the...
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