The R&D Tax Incentive can materially influence the valuation of an early-stage Australian company because it affects cash runway, reduces near-term funding needs, and can support a more credible growth pathway. For a business valuer, the incentive is not valued as a standalone tax benefit in isolation. Its significance lies in how it changes expected […]
For Australian startup founders, investors and advisers, a term sheet is not just a funding document, it is a roadmap to the economics that will ultimately shape enterprise value and, in many cases, the outcome of a future valuation engagement. Liquidation preferences, option pool sizing, anti-dilution protections, and control rights can materially affect the value […]
A down round occurs when a company raises capital at a valuation lower than the previous equity round, and it can have immediate consequences for founders, investors, and staff. For Australian business owners, the valuation impact is often more important than the funding mechanics themselves, because a down round can reset market expectations, affect dilution, […]
Employee share scheme (ESS) valuations are a critical part of how Australian startups grant equity, manage dilution, and support tax compliance. For privately held companies, the valuation of ESS interests is not simply an administrative step, it shapes the commercial terms of a grant, informs employee expectations, and underpins the market value evidence relied on […]
Cap table modelling is not just a financing exercise, it is a core valuation tool for Australian startups and privately held companies. A well-constructed capitalisation table shows how equity shifts through seed funding, later rounds, employee share scheme (ESS) pools, and converting notes, and it gives the valuer a clear basis to determine ownership percentages, […]
Pre-money and post-money valuation terms often appear in equity funding discussions, but for Australian founders they matter most because they shape dilution, investor return expectations and, ultimately, the assessed value of the business before and after new capital enters. When option pools are introduced or expanded as part of a transaction, the headline valuation can […]
SAFE notes and convertible notes can materially change the equity split in an Australian funding round, and therefore the valuation outcome for founders, investors, and incoming buyers. From a business valuation perspective, the key issue is not simply how much cash is raised, but how that capital converts, at what discount or valuation cap, and […]
Valuing a business held through a family trust requires more than reading the trust deed and looking at the latest accounting profit. In Australia, discretionary trusts are commonly used to conduct private businesses, hold investments, and manage succession, but the valuation question is still the same: what is the market value of the underlying business […]
A business valuation for a deceased estate in Australia establishes the market value of a deceased person’s business interest at the date of death, or at another legally relevant date for estate administration and tax purposes. For executors, beneficiaries, accountants and advisers, this is not a formality. The valuation determines how the asset is recorded, […]
An independent business valuation can be pivotal when an Australian business owner is facing an ATO review, audit, or objection. In those circumstances, the issue is rarely just what the business is “worth” in a general sense. The real question is whether the figure adopted for tax, restructuring, succession, related-party transfers, or a CGT outcome […]