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by adamseabrook
3837 days ago
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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. |
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Maybe some sort of trickle down effect from the money that goes into Amazon, intel, MS & IBM.
Not sure every home in the US is getting the claimed 10gig internet pipes neither.