Early Stage Innovation Company

Mark Holton, an Accountancy Industry Consultant and Director of Smithink Pty Ltd, discussed with Peter Towers, Managing Director, ESS BIZTOOLS the opportunities that accountants have to differentiate their firms by proactively advising clients on research and development opportunities and the taxation benefits that they can obtain from the proper implementation of a research and development...

Tags: Accelerating Commercialisation | Early Stage Innovation Company | Research & Development Incentive Rebate
“Research and development services can help an accounting firm to differentiate itself in a market that, from a business operator’s perspective, most accountants look very similar” said Mark Holton, Director, Smithink Pty Ltd. Research and development can be just as important as: board of advice strategies; business review meetings; or assistance with raising capital as a Crowd...

Tags: Business Tree Pty Ltd | Research & Development Incentive Rebate | Smithink Pty Ltd
Are companies giving sufficient priority to determining return on investment as part of the decision as to whether to proceed with a research and development project?  This will be the theme for the conversation between Peter Towers, Managing Director, ESS BIZTOOLS and Peter Milla, Managing Director, Business Tree Pty Ltd, an experienced innovation consultant, in the ESS BIZTOOLS’...

Tags: Assignment of Intellectual Property Agreements | Australian Government's 50% Guaranteed Loan | Brad Smart's Tip of the Week | Business Tree Pty Ltd | Confidentiality Agreements | Government's Post JobKeeper Announcements | JobKeeper Support Program | Research & Development | Selling the Message
In the ESS BIZTOOLS’ Business Advisory Services Webinar/Conversation on Wednesday 10th March 2021, Peter Towers, Managing Director, ESS BIZTOOLS will discuss with Priscilla Bea Smith, Director, Cloud Nine Associates some of the important issues on which small business and medium-sized enterprise owners and CEOs are seeking advice: Preparation of Budgets and Cashflow Forecasts for the next...

Tags: Australian Government 50% Guaranteed Loans | Budgets | Capital Raising under Section 708 of Corporations Act | Cashflow Forecasts | Crowd Sourced Funding Equity Raising | Early Stage Innovation Company Capital Raising | Key Drivers | PlanGuru | Predictive Accounting | Projected Balance Sheets | Research & Development
There is a range of services beyond taxation, that smaller accountancy firms can provide to their SME clients, to assist those businesses to grow and add value. Amanda Gascoigne, an experienced Consultant to smaller accountancy firms, together with Peter Towers, Managing Director, ESS BIZTOOLS are the presenters of the ESS BIZTOOLS’ Business Advisory Services Update Webinar/Conversation on...

Tags: Accelerating Commercialisation Grant | Gateway Test | Principles' Test | Research & Development Incentive Rebate | Selling the Message
Research and development is an area that many accountants have very little experience in, but it is an area that many small business and medium-sized clients are interested in having a clear understanding of what they can claim in their income tax returns and what government grants and special company status is available to assist them on their research and development and commercialisation...

Tags: Accelerating Commercialisation Grant | Business Advisory Services Update Webinars_Conversations | Early Stage Innovation Company | Research & Development Incentive Rebate | Research & Development Journey | Selling the Message | Strategic Plans | Trusted Advisor
Knowing the financial impact of decisions before a client implements them is very important for financial stability.  This process is generally known as “Predictive Accounting”. The process commences with an examination of the key drivers relative to the physical number of units to be produced and the calculation of the direct costs that will be involved in that process.  The...

Tags: Budgets | Cashflow Forecasts | Predictive Accounting
Despite COVID-19 Coronavirus and all of its associated problems Crowd Sourced Funding continued to grow in Australia during 2020 and the Joint Founder and Managing Director of Birchal Pty Ltd, one of Australia’s leading Crowd Sourced Funding Intermediaries, Matt Vitale, expects 2021 to be a “bumper year” for the capital raising market centred on small businesses and medium-sized...

Tags: Birchal Pty Ltd | Budgets | Business Plan | Cashflow Forecasts | Crowd Sourced Funding Offer Document
Business people are looking for more accurate financial information as to what the effect of their decisions will be on their future operations by utilising 'predictive accounting' which incorporates 'key driver budgeting' to prepare Budgets, Cashflow Forecasts and Predicted Balance Sheets relating to their future operations. In the next COVID-19 Survival Panel webinar will be presented on...

Tags: Budgets | Cashflow Forecasts | Key Components of Cashflow Management | Predicted Balance Sheets | Predictive Accounting
The latest developments in Victoria, where Level 4 restrictions have now been imposed in Melbourne and Level 3 in Regional Victoria, have really highlighted the challenges that can confront businesses all over Australia if COVID–19 coronavirus is allowed to become established in a particular location. Victorian businesses are going to confront many challenges and we know that the accountancy...

Tags: Crowd Sourced Funding Intermediary | Section 708
“Business Advisory Services” – highlighted by the Commonwealth Bank’s “Accountants Market Pulse” report has been the activity identified by a group of accountants as being their main priority for the next 6 to 12 months – What is happening in your firm? Mark Holton, Director, Smithink Pty Ltd, is a keynote speaker in our next COVID-19 Survival Panel webinar on Friday 31st July at...

Tags: Cashflow | KPIs | Section 708
Start-ups – Looking for Finance? Have you got clients who have developed a new or significantly improved product, process, service, organisational or management methodology who are keen to raise finance to complete the commercialisation of their research activities? If so, Early Stage Innovation Company Status could assist your client to be able to attract investors. Firstly, let’s look...

Tags: Early Stage Innovation Company
The start of a new decade! 2020 heralds the start of a new decade – “The Decade of Change”.  Many people expect this decade to introduce significant changes to the accountancy profession – some observers believe that 80% of the current work been undertaken by accountants will have disappeared by the end of this decade! Your opportunity to offer a broader range of professional...

Tags: business advisory services | COVID-19
When the then Australian Prime Minister, Malcolm Turnbull announced the Coalition Government’s Innovation Policy in December 2015 he indicated that two new types of corporate entities would be established. These entities were: Early Stage Innovation Company which required amendments to be made to the Income Tax Act Crowd Sourced Funding Equity Raising which required amendments to be made...

Tags: Gateway Test | Principles Based Test
Are you looking for a way to retain your clients by helping their businesses to grow? Then this, could be just what you’re looking for. As accountants, we all know that running an accountancy firm is getting tougher and tougher these days. Margins on compliance work are shrinking, but costs…….. just keep going up! You’ve no doubt worked hard to build your client base and now you...
At long last Crowd Sourced Funding Equity Raising for Private Companies is available from 19 October 2018. Do you envisage that your accountancy firm will proactively promote the opportunity for some of your clients and prospects to raise capital from the public and in so doing create a new income stream for your accountancy firm? If so, why not identify the prime group of clients for you to...