Fullstack Advisory

So you want to refine the operations of your venture for maximum growth?
UX/UI designers, website hosting, landing pages, product managers, extra admin staff all increase your venture’s utility but can carry an associated price tag.
Not to mention pursuing maximum R&D spend, launching into new territories, working to an 8 day a week schedule.
... If you want to look at the best ways to maximise your cashflow, our article on the importance of the financial model is a must read.
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Schedule a catch up with us via our calendly link below to see what expertise we can bring to the table for your business. https://calendly.com/fullstack
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Funding is a recurring pain point for fast moving ventures.
Pursuing new innovations and hiring great talent requires some serious working capital, particularly in Australia where we enjoy some of the highest average wages in the world.
Government grants like the R&D Tax Incentive helps keep your development on track with up to 43.5% cash back. Based on Australian R&D, this flagship programme provides reliable support for thousands of ventures every year.
... Our seasoned R&D consultants have top tier expertise and fast-track your application, guide you through the legislation and optimise your claim.
Let's talk the R&D Tax Incentive today.
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With most startups having a runway of less than a year - it's critical that you're spending it effectively. Wouldn't it be great to have a high-level overview of where your limited cash would create most impact?
The tool of choice here is an excellent financial model. Being able to craft founder-friendly financial models that also gives investors confidence is a skill that that takes a long time to master. It needs to adequately cover all the aspects of running a dynamic evol...ving business.
Thanks Davyn from https://threadharvest.com.au/ for the amazing quote.
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With tax regulations regularly changing, self-lodging your return can be a pain and you could easily miss some important details.
While we're not saying you shouldn't self-lodge, we do highly recommend using a tax agent. A tax agent will meticulously go through your expenses and can pull out all your deductions.
At the moment, we look after the tax and accounting situation for hundreds of startups and their founders. If you want to get the best outcome for your tax situation, please feel free to book a time with one of our tax accountants for a chat.

We get asked quite a few questions from startups around automating their accounting systems.
One of the most common is what's the best software for accounts systems setup?
We've used over six accounting systems and have run workshops on several of them.
... Xero is the automatist's choice here because of its fluid interface and quality app ecosystem, which is not too dissimilar to Apple's.
Read more of our tips on how to automate your accounts
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We often get asked by new founders what does a CFO do?
Short answer, a better financial IQ for your business.
The thing is, a good CFO will help your business to get better leverage with its money. The CFO can help to:
... * Better strategically place funds to carry out long term plays. * Set in place procedures and systems to help boost financial accountability. * Better preparations & polish in financial negotiations. * A leaner and meaner approach to expenditure
Having a CFO (or a virtual CFO) can help your business stay on track and help multiply your business' financial IQ.
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Want to know more about how a VCFO can help with your business, contact us today for a quick chat on how we can help you.
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New month, new due dates to meet your tax requirements.
This month is all about finalising some of your statements from last financial year.
KEY AUGUST DATES ... August 14th - Lodge PAYG withholding payment summary annual report for payers who have no tax agent or BAS agent involved in preparing the report.
August 25th - Lodge and pay Q4 FY2018 activity statement.
August 28th - Lodge and pay Q4 FY2018 Superannuation Guarantee Charge statement - quarterly if you did not pay enough contributions on time.
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Schedule a catch up with us via our calendly link below to see what expertise we can bring to the table for your business. https://calendly.com/fullstack
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Thinking about your first steps before lodging your R&D Tax Incentive?
Before lodging your claim with the ATO, a company must have:
- Established that it is an eligible R&D entity; ... - Self-assessed that its R&D activities and expenditure meet the requirements of the R&D Tax Incentive legislation; & - Registered its R&D Tax activities with AusIndustry and received a unique registration number.
If you've done this, you're on your way to lodging your claim via a company tax return. --- Need help with your R&D Tax Incentive claim? Book in for a chat with one of our professionals today.
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R&D Tax Incentive 101 time.
“What is the difference between a Project, Core R&D Activity and a Supporting Activity?”
A quick overview to illustrate the differences and reduce the time spend here.
... Project: The overall product being developed or improved upon.
Core R&D Activity: Within a project, there are a plenty of different activities taking place — admin, marketing, etc. What we are interested in are the research & development activities leading to innovative new technology.
Supporting Activity: Basically most activities conducted in support of the above Core R&D activity which could testing or background literature research.
If you're looking to apply for the R&D Tax Incentive, let's have a chat.
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When it comes to the R&D Tax incentive, don’t just assume that your business is ineligible or under the $20,000 threshold.
Many startups think that they won't make the cut when they actually can. Many different things can be claimed on under R&D including wages.
Our R&D team has extensive tech industry experience and effectively liaison with the numerous Federal and State Government agencies and industry bodies.
... For a discussion on whether you are obtaining the best out of the R&D Tax Incentive or your eligibility, contact our R&D tax consulting team today.
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"Startups wanting to obtain the popular ESIC investment status will find that the criteria is based on a rather significant but slightly versatile 100 points check. Highly favoured criteria include having the eligible expenditure for the R&D Tax Incentive, obtaining the Accelerating Commercialisation grant, the receipt of 3rd party investments or participating in an accelerator program."
Read more on how to get ESIC status here:

Working to deadlines can be difficult, and getting your finances in order.
With tax time well and truly underway, we've put together a list of deadlines to help during this period.
KEY JULY DATES... July 14th - Issue PAYG payment summaries to employees. July 28th - Make super guarantee contributions for Q4 FY2018 to employee's super funds. July 30th - Lodge Early Stage Innovation Company report (if you're an ESIC venture with eligible investors wishing to claim the tax concessions).
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Schedule a coffee catchup with us via our calendly link below or call us for a quick-fire 5 minute chat to see what expertise we can bring to the table for your business. https://calendly.com/fullstack
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If you haven't already, please complete the Startup Muster survey - it helps policymakers know more about the activity in the ecosystem, helping to structure longer-term thinking & better outcomes.

For ventures wanting to get the R&D Tax Incentive grant, this is our flagship workshop to walk you through the process. Pizza beforehand, Q&A afterwards, good company always!

We understand that reporting can be tricky and time consuming. This is why we dedicate ourselves on helping as many startups and enterprises to get their reporting done with ease.
We look to help all of our clients and love when they give us feedback like this.
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... Schedule a coffee catchup with us via our calendly link below or call us for a quick-fire 5 minute chat to see what expertise we can bring to the table for your business. https://calendly.com/fullstack
Find out more: www.fullstack.com.au
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Are you planning on approaching investors for funds to help build your business?
You're likely going to have to convey how your business will scale in financial terms. You're going to need to more than just your pitch decks and your ability to hustle. This is wear your financial model comes in.
This helps give your stakeholders more confidence in your venture. They need to know you have a effective cashflow strategy holding your venture together.
... Ways to improve your cashflow strategies, try looking ahead 6-12 months. Most startups are too busy to really plan ahead, and forget to put a strategy in place.
That's where we can come in.
At Fullstack, our thorough financial models help investors to help you achieve your best potential.
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Schedule a coffee catchup with us via our calendly link below or call us for a quick-fire 5 minute chat to see what expertise we can bring to the table for your business. https://calendly.com/fullstack
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Want to start early on your R&D Tax Incentive this year? The additional funds can definitely take your R&D efforts a long way.
We've got you covered with our 5 biggest questions on the R&D Tax Incentive where we answer the most common questions around getting it in.
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... We would love to hear what you and your business are about and make it a phenomenal success. Our boutique practice prides itself on delivering smart, pragmatic advice based on the broad experience of our partners and staff.
Schedule an appointment with one of our R&D grants specialists today. https://buff.ly/2t4X8X0
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Getting ready for tax season? Wanting to save money on your tax situation? Many people miss out on the common tax-deductible items that you can claim back.
Below are some extra items to consider for your tax return:
... 1. Home office operating expenses - Employees whom work from home may be able to obtain an easy cents per hour claim. This recognises overhead expenditure in lieu of electricity, water, heating bills. In the 2018 year, this rate was 45c per hour.
2. Carry-forward capital losses - To offset your taxable income from capital gains, you may have the opportunity to include these in your tax return - capital losses from share trades are frequent cases here.
3. Interest on dividend-earning shares - Some investors may take out loans such as a margin loan to fund investments - its handy to know that the interest component may be deductible. Some investors even pre-pay their interest to obtain the tax benefit upfront.
4. Sunscreen and sunhats - If your occupation involves travelling about in the sun (i.e. not next to an office window) then you may consider including this as a deductible expense in your return.
Remember, this isn't one-size-fits-all advice. Some people may not be able to claim all these items, while others can claim this and more.
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We not only give out solid personal tax advice, we also help companies with best practice accounting.
Schedule a coffee catchup with us via our calendly link below or call us for a quick-fire 5 minute chat to see what expertise we can bring to the table for your business. https://calendly.com/fullstack
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I can't speak highly enough of the way that Stuart and the Fullstack Advisory team have helped me through the many problems of launching a start-up business. They have personally provided advice, assistance and support that goes way beyond the traditional advisor / client relationship. I needed to find a company that understood the start-up space, could support me and advise me whilst doing so in a cost effective manner that is affordable and reasonable. I hope to be a client for many years to come.

I can't speak highly enough of the way that Stuart and the Fullstack Advisory team have helped me through the many problems of launching a start-up business. They have personally provided advice, assistance and support that goes way beyond the traditional advisor / client relationship. I needed to find a company that understood the start-up space, could support me and advise me whilst doing so in a cost effective manner that is affordable and reasonable. I hope to be a client for many years to come.

I can't speak highly enough of the way that Stuart and the Fullstack Advisory team have helped me through the many problems of launching a start-up business. They have personally provided advice, assistance and support that goes way beyond the traditional advisor / client relationship. I needed to find a company that understood the start-up space, could support me and advise me whilst doing so in a cost effective manner that is affordable and reasonable. I hope to be a client for many years to come.