FEDERAL BUDGET: STARTUP WISH LIST, PART THREE

James Harkness - Dynamic Business - 8 May 2018

Ahead of tonight’s Federal Budget announcement, startups have urged the Turnbull Government to facilitate better access to finance for small businesses, extend the instant asset tax write-off scheme, better support startups with global ambitions, implement sharing economy regulations, expand the R&D tax incentive and incentivise early stage investments.

Beau Bertoli (Prospa), Tim Bos (ShareRing), Mike Rosenbaum (Spacer), Ben Thompson (Employment Hero), Shendon Ewans (Gobbill) and Julian Waters-Lynch (Typehuman) shared their budget wish lists with Dynamic Business. 

Small business finance

Beau Bertoli, joint CEO of Prospa said the online SME lender would like the $20,000 instant asset tax write-off scheme extended for small business owners because the popular initiative has “enabled them to invest in their own growth, create more jobs and boost the Australian economy”.

Noting the Budget will include the government’s response to the Review into Open Banking report produced by King & Wood Mallesons partner Scott Farrell, Bertoli said he hoped the government would reaffirm its commitment to the timetable it laid out in last year’s Budget. Read More