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As a tech-focused advisory business, we understand the intricacies of your industry. From advice on structuring and forecasting to accounting services and specialist tax advice, Liston Newton has all the skills and experience you need to succeed.
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R&D tax advice
With more than 40 years providing accounting services for tech firms like yours, Liston Newton Advisory has the right skills to help you succeed.
From business structure advice to ongoing tax planning services, simply pick and choose what you need from our suite of services.
We build ongoing partnerships, working to understand your business to deliver the best solutions for your unique requirements.
We harness the latest technological innovations to boost business efficiency and make your working life more straightforward.
Gavl Group is a tech business that livestreams auctions via a real-time mobile app.
We helped them develop their structure into three companies; a holding company which owns 100% of shares in a separate trading company and 100% of shares in a third company.
The holding company acts as a financing company that lends money back to the subsidiaries, safeguarding profits made in the trading company.
The third company owns the group’s intellectual property, which protects it from lawsuits or bankruptcy.
This also enables investors to invest in specific elements of the business without necessarily giving them full ownership of the IP.
Our 40 years of experience gives us all the strategic advice and cutting-edge solutions you need to excel in the tech industry.
From big-picture guidance to day-to-day support, Liston Newton Advisory is ready to help.
As a rule, if you incur the expense before starting your business, you can claim the cost over five years (20% per year) once the business has begun.
If you're a small business with less than $2m turnover, you can instantly write off the cost of the website if it's less than $30,000. If it's more, it gets added to the small business pool for accelerated depreciation.
For businesses with more than $2m turnover, any software developed in-house needs to be depreciated over five years.
Ongoing website costs like domains and web maintenance can be deducted in the year the expense is paid.
The R&D tax incentive has undergone significant reform in recent years and applicants face much stricter scrutiny.
To qualify, a company must have core R&D activities, and you can claim the offset for expenditure on those activities. Core activities are classified as experimental activities done using scientific principles to generate new knowledge.
In July 2016, new laws were introduced for early-stage investors, otherwise known as ‘Angel Investors’, that gave a tax offset and a Capital Gains Tax exemption.
To qualify, the business must be formed as a company and must pass the ATO's innovation test, found here.
If you qualify, investors in your company can receive a tax offset of up to 20% for the amount they invest in an innovation business. More details here
Our team can help you make the most of your tech business. Talk to us for expert advice.