Comment

Comment by adamseabrook

There is always more the government can do but there are two major government assistance programs I was not aware of till I founded a startup here. https://www.austrade.gov.au/Australian/Export/Export-Grants/... will reimburse 50% of your sales and marketing costs. So you can go spend $100k on Google Adwords and get $50k back effectively meaning you can outbid all your competitors for the same keywords. https://www.ato.gov.au/Business/Research-and-development-tax... is more well known. What is less well known is that if you make a loss in the year you make the R&D claim they will credit the offset into your bank account vs carrying the offset forward to next year. I am not sure what the equivalent of these two grants is in the US but I know Singapore is even more generous with tax holidays and 500%? of R&D spend grants. Edit - forgot to add there are R&D consultants who will even advance you a percentage of your claim amount in advance to help with cashflow so you don't have to wait 12 months to get the money back.
parent adamseabrook 11 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton