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ESIC Accountant Advice
Are you in the middle of a capital raise uncertain whether your startup qualifies for valuable ESIC tax incentives?
Do you need an ESIC confirmation letter from an accountant to help you secure investors’ confidence?
Our specialist startup accountants in Perth are here to help you navigate the complexities of ESIC with clarity and speed.
The Problem
High-growth startups often face a maze of compliance issues. Many founders are uncertain if they meet the strict criteria of an ESIC under tax law, while simultaneously trying to impress investors during capital raises. Missing or delayed documentation can cause unnecessary setbacks, and if your ESIC status isn’t confirmed in time, the tax incentives that make your business so attractive might slip away.
Our Solution
Our Perth-based startup accountants work directly with you – and, if needed, your R&D advisor – to assess whether your startup meets the statutory requirements. Once confirmed, we issue a formal ESIC confirmation letter that you can confidently include in your investor deck.
Our process is designed to:
- Assess Your Eligibility: We review your financials, R&D activities and overall business structure to confirm if you qualify as an ESIC.
- Issue Your Confirmation Letter: If eligible, we provide an official letter verifying your status, boosting investor confidence.
- ATO Private Binding Ruling (if required): We can help with an application for an ATO private binding ruling, which can further boost investor confidence.
- Post-Funding Compliance: After your capital raise, our startup accountants prepare and lodge the necessary ATO forms at the start of the next financial year.
Key Benefits & Outcomes
By partnering with Munro’s startup accountants for your ESIC confirmation, you can unlock a range of benefits:
- Enhanced Investor Appeal
- Accelerated Funding Rounds
- Peace of Mind
- Ongoing Accounting Support
Read Key Points & Transcript
ESIC Accountant Advice for Startups in Perth & Across Australia
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video transcript
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Frequently Asked Questions for ESIC Accounting
- What is an ESIC confirmation letter?
An ESIC confirmation letter is an official document issued by a qualified startup accountant confirming that your business meets the criteria of an “Early Stage Innovation Company”, which can then be used to attract investors since it can result in tax incentives for investors. - Who qualifies as an ESIC?
Generally, to qualify as an ESIC, a startup must meet specific criteria under Australian tax law. This typically involves having a focus on innovation, R&D and growth potential. Our team assesses your business structure, R&D activities and financials to determine eligibility. - How does the ESIC confirmation process work?
We begin with an initial consultation to understand your business. We then collaborate with you and your R&D advisor to review eligibility. If you meet the criteria, we issue a confirmation letter. We can also help with an ATO private binding ruling application, since official ESIC confirmation from the ATO further embeds investor confidence. Once your funding round closes, we assist with lodging all necessary forms with the ATO, which are typically required at the very beginning of the next financial year. - How do your services compare to other accountants?
Not all accountants have experience with startups. We use our experience with startups to help provide the services needed for founders, with some founders then contributing to our over 100 five-star Google reviews praising our quality of service. - Are your startup and ESIC accounting services available Australia-wide?
While Munro’s is based in Perth, we help startups located across WA and Australia with accounting, tax and business advisory services. - What is the pricing for your ESIC confirmation service?
Our pricing is transparent and reflects the complexity of your specific needs. Please see our pricing page and then contact us for a personalised quote tailored to your situation. - How do I get started with Munro’s for startup accounting and ESIC confirmation?
Simply book a free Get To Know Each Other meeting. We’ll discuss your business, assess your needs and explain how our tailored approach can help secure your ESIC confirmation and support your growth journey.
Where To Begin
Are you investor-ready for your startup pre-seed/seed round?
Take the spam-free* Raising Capital (Investor Readiness) Diagnostic.
* You’ll receive only two emails, which deliver the results, analysis and recommendations from the diagnostic. You won’t be added to our mailing list unless you explicitly opt-in.
Discover Our Key Services & Solutions
Accounting for High Growth Startups
Business Advisory
Asset & Wealth Protection
Tell us about your problem and we’ll respond within 1 business day.
- Call Us 1800 818 924
- Email Us hello@munros.com.au
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Visit Us
308 Fitzgerald Street
Perth WA 6000