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Entrepreneurs

Finding new ideas & commercialising them

Entrepreneurs

Finding new ideas & commercialising them

Federal Budget 2023 Quick Summary

Attention all startups and SMEs! The latest government budget has just been released, and there are some exciting updates that you should know about.

Indian Residents Taxation

Understanding Payments for Technical Services to Indian Residents

The ATO has released guidance on payments made to Indian residents for remote technical services, under new tax legislation. Indian residents will not be taxed in Australia on certain payments or credits, provided they meet specific criteria and the new law applies only to income years starting from 29 December 2022.

Grants for Victorian AgTech Founders

$50k Grants for Victorian AgTech Founders

Through LaunchVic, Agriculture Victoria is supporting early-stage Victorian AgTech startups with a $50k grant — $45k as a cash grant and $5k as business mentoring service – read on for details.

Tech Central Scaleup Hub Accommodation Rebate

Sydney’s Tech Central Scaleup Hub Accommodation Rebate

The NSW government’s Tech Central Scale Up Accommodation Rebate will provide a 40% rebate on eligible rental costs and 30% rebate on eligible fitout costs to help tech companies in the scaleup phase get established in Sydney’s 24-hectare Tech Central Scaleup Hub.

Fractional CFO

Fractional CFO and Do I Need One?

The chief financial officer (CFO) is a key role for many scaleups. But a full-time CFO might be too expensive for a business in its early stages. Read on and learn when & why it might be better to hire a fractional CFO.

ChatGPT

How Good is ChatGPT at Tax?

We were wondering about ChatGPT’s proficiency in working with the Australian tax system. We were impressed with ChatGPT’s tone and approach. However, our testing revealed that while ChatGPT may provide some general comments that are reasonably accurate, it may not be able to provide reliable answers on tax matters.

SVB Collapse

Tech Industry Learnings Following SVB’s Collapse

The unexpected collapse of Silicon Valley Bank has seen the tech industry venture into unfamiliar territory. As a result, venture capital firms are now seeking more stability in their investment targets.

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