InCorp Advisory Australia

As 2024 draws to a close, the Australian business community finds itself reflecting on a year shaped by economic adjustments, evolving regulations and an intensified focus on sustainability. In this dynamic landscape, understanding tax and business trends is essential for staying competitive and resilient. The past six months have brought pivotal changes, and as we look toward 2025, the challenges and opportunities facing Australian businesses are becoming clearer. Mark Wellings, Partner - Tax & Advisory, provides actionable insights to help businesses reflect on the year and prepare for what’s ahead. This edition includes: • Key Tax and Business Developments in 2024 • Outlook for 2025 • What Businesses Should Do Now Learn more: https://lnkd.in/gFmBAW9f

Welcome to the latest edition of InSights. Here we deliver news and updates to help you capitalise on opportunities and make effective business decisions. This edition includes: • The Deep Dive - The Detail on Issues That Matter to You • The Role of Documentation in a Successful R&DTI Claim • Team Spotlight - Heath McPherson • Australian Financial Review: InCorp Ranks Among Top 100 Accounting Firms • Today's Webinar: Fuelling Innovation: Insights from the ATO R&D Report • Catalyst Advisers - Navigating Mortgage Options for Directors with Irregular Income in Australia

The ATO’s recent transparency report reveals the real impact of Australia’s R&D Tax Incentive on small businesses. With over $11.2 billion in R&D expenditure claimed by 12,000 businesses in FY22, this program continues to serve as a vital catalyst for growth in Australia. Join Alex Simmons, R&DTI Lending Partner, Kashcade, Sameer Kassam, Co-CEO, InCorp Advisory and Bailey Phillips, Manager, InCorp Advisory to explore: • How R&DTI cash refunds and tax credits are enabling small businesses, especially early-stage ventures, to innovate, scale, and thrive. • Emerging opportunities in R&D financing that can support your business goals.

Join us and the Semiconductor Sector Service Bureau (S3B) for a webinar on understanding the R&D Tax Incentive available to Australian businesses. InCorp Advisory Australia's Senior Government Inventives Consultant, Bailey Phillips, will host the webinar, which will cover how the R&D tax incentives works, how to properly claim it, identifying eligible expenditures, and more. The webinar will run for 30 minutes on December 4, and you'll walk away with a much better idea of everything to do with this critical incentive and opportunity. We're proud to support S3B in their goal to support the semiconductor sector from devices all the way through to end-user applications. For more details, visit the S3B LinkedIn page, or click here to register:  https://lnkd.in/d_HqN3wh

We are proud to announce that InCorp has been ranked 45th in The Australian Financial Review's Top 100 Accounting Firms for 2024! On top of that, we are at the top of the “Rising Star” list, thanks to 51% growth over the past three years. Our massive achievement wouldn’t be possible without the trust and support of our clients and the unwavering commitment of our incredible team. From here, we’re going to continue to build on our innovative and practical approaches, and focus on the tailored solutions that have helped us deliver excellence to the clients we are privileged to work with. Check out the full article in the Australian Financial Review for more. Thank you, again, to all of our incredible partners and clients for being on this journey with us.

Don't miss our webinar on Employee Share Option Schemes (ESOPs) for Start-Ups tomorrow, November 12! Hosted by Glenn Rhynehart, the InCorp Advisory Director of Tax & Advisory, it will be an insightful presentation for founders and anyone involved in a startup. ESOPs are an excellent opportunity to align employees' interests with your company's growth. Understanding the eligibility requirements, different types of ESOPs, and their taxation implications is critical to effectively leveraging them and keeping your business compliant. The webinar is totally free to attend, and if you have any questions Glenn will be available to answer them. Simply sign up here, and we'll see you tomorrow: https://lnkd.in/gu7PdMgy

Welcome to the latest edition of InSights. Here we deliver news and updates to help you capitalise on opportunities and make effective business decisions. This edition includes: • The Deep Dive - The Detail on Issues That Matter to You • Webinar: Unlocking the Power of Employee Share Option Schemes (ESOPs) for Start-Ups • What Is the ROI on Employee Wellbeing Programs? • SmartCompany: InCorp Advisory Australia to Be Listed in the Smart50 List • Streamline Your Finance Function, Optimise Your Costs

Team Spotlight: Meet Heath McPherson, our Head of People at InCorp Advisory! "I actually don't think HR and coaching are that different. Coaching leaders and helping people be at their best is something I'm passionate about." Having joined in February 2024, Heath brings unique perspectives from his experience across private enterprise, education and the not-for-profit sector. His alignment with InCorp's people-centric vision and core values drew him to join the team. Heath talks about his passion for sports and music, drawing parallels between coaching in sports and HR leadership. Read the full interview to learn more about Heath's journey: https://lnkd.in/gyJSfhds

Are you looking to retain and motivate key talent while driving company growth? Startups often face the challenge of attracting talent without the cash flow to offer high salaries. ESOPs provide a powerful solution by offering employees a share in your business, while the Start-Up Tax Concession offers a range of tax benefits that make ESOPs even more attractive. Grab your lunch and join Glenn Rhynehart to learn how you could leverage the Start-Up Tax Concession benefits while setting up an employee share scheme that works for your business.

InCorp Advisory Australia to be listed in the Smart50 List! We are thrilled with the news that we will be one of SmartCompany's Smart50 for 2024. Being one of Australia's fastest-growing businesses is certainly an achievement to celebrate, and it comes down to the excellence in our teams and our clients that we've been able to make the list. Thank you to everyone who has been part of our story so far—here’s to many more achievements ahead! Now we look forward to the awards night in November to see exactly where we will be placed on the list.