Arrow icon
All issues

2024 kicks off with a bang 💥

January 31, 2024

Things that should be on your radar this month 👀

  1. Disappointing suggested changes by the Australian government to the ‘sophisticated investor’ qualification, significantly reducing the angel investor pool. Read our thoughts below.
  2. As the pandemic hit, most businesses were forced into working from home. Afterwards, companies began offering hybrid…but Atlassian bucked that trend. They’ve released their 1000+ day report on being a distributed workforce.
  3. A total of $94.5 million was raised this month by four Aussie startups from mining tech, cybersecurity, wellness, food waste, and biotech sectors.
  4. Curious about starting your own podcast? Check out the top 10 lessons learned from one founder celebrating his 100th episode.
  5. Want a list of Australia’s top startup blogs? We haven’t checked them ALL, but we regularly read a bunch from this list.

The highs 📈  and lows 📉 of small business life


📈 The past month has been incredible for us, as we have successfully onboarded two large clients to assist them in streamlining their finances. As our workload continues to increase, we are looking forward to expanding our team and ensuring that we can provide our clients with the high-quality service they have come to expect from us. Although this is not our first recruitment, revisiting this article and refreshing our knowledge is always helpful.

📉 Earlier this month, we received news regarding the Australian government's plan to increase the qualifying criteria for 'sophisticated investors'. According to the proposed changes, investors must have assets worth $4.5 million or more and earn a minimum income of $450,000 annually. This move would eliminate nearly 300,000 potential investors from the Australian startup industry. It is concerning as it significantly reduces the number of angel investors now considered 'unsophisticated' by the Australian government.

Our tech this month

🕹️ Kahoot:  Looking for a fun and interactive way to conduct meetings your team will enjoy? With its custom quizzes and polls, you can keep things engaging and get real-time responses from your team using their phones.

📅 Reclaim.ai: This clever schedule manager helps you design perfectly balanced work weeks with enough time for work, play, and everything in between. It’s free on Google Calendar. 

🪐Gamma: Spending too much time mucking around formatting docs and decks? Enter Gamma, an app that looks after formatting so you can focus on content.

Productivity hack 👩‍💻

We recently came across 12ft.io, where you can enjoy uninterrupted browsing and stay focused on your work without being constantly bombarded with pop-ups, banners, and ads. This tool is a game-changer for anyone who values their time and productivity. Say goodbye to the annoying distractions and hello to a more efficient and enjoyable browsing experience.

***

We’re always happy to answer any questions, so hit reply and let us know what’s on your mind, what you’d like to hear from us in the future, and if there are any niggling accounting questions.  

Stay updated with us on LinkedIn for some handy tips each month.

That's just our two pennies' worth.

Liam and Amy, co-founders of Project Alfred

(changing the way people think about accounting)

Share this issue

Recent issues

Arrow icon
Arrow icon
Fistfights, funding and free lunches 🥷

As their public dispute goes nuclear, we’re diving into the fistfight between Employment Hero and Hostplus. We'll also examine the trials and tribulations of Australian SMES grappling with payroll errors, uncover the truth behind cashback rewards, celebrate Australia’s first tech unicorn in two years, and examine some of the latest startups that have raised money this month.

Read more
Arrow icon
Full steam ahead

We look at Hatch, a Gen Z jobs marketplace that has secured $7 million in seed funding to expand nationally, using AI to match candidates with roles based on skills and values. Plus, discover how Taylor Swift's concert at the MCG broke Melbourne's internet, insights on gender pay gaps from the Workplace Gender Equality Agency, and the latest advancements in AI with OpenAI's new system, Sora, generating short videos from text prompts.

Read more
Arrow icon
2024 kicks off with a bang 💥

We’ve started the year at break-neck speed, onboarding two exciting new clients, growing the Project Alfred team, getting frustrated at the Australian government’s proposed changes to sophisticated investors, reading about Atlassian’s WFH 1000 days progress and exploring new startup blogs.

Read more
Arrow icon
That’s a wrap on 2023!

In our final 2023 newsletter we look at when to pay attention to your brand, the resurgence of startup funding, rebates for Sydney startups looking for office space and some potential relief on the cost of living.

Read more
Arrow icon
Movember, Grants & AI

Liam is participating in Movember and raising money for Beyond Blue to support their efforts in mental health awareness and support. Every donation made on Liam’s fundraising page will be matched by Project Alfred - so if you can afford it, we’d love you to contribute. … And a reminder: every donation is tax deductible! ‍

Read more
Arrow icon
Unicorns, Vegemite & Christmas Leave

Christmas is around the corner, so notify your staff about leave requirements if you’re shutting down. We dive into the Australian funding scene with Employment Hero's impressive cap raise, making them a double unicorn. Learn from a costly lesson about keeping receipts, discover the inspiring journey of Vegemite and find out why work created by AI can't be copyrighted.

Read more
Arrow icon
Is it just us, or has this year flown?

How one business has monetised ‘the meeting that could’ve been an email’, a business that has pivoted its offering as a result of the higher cost of living, a significant payroll underpayment issue making the news and the first ‘real’ holiday Liam has taken since starting Project Alfred.

Read more
Arrow icon
Matilda's Cheers, Sydney Startups, and Xerocon Highlights

How Barbie & the Matilda's have sparked equal pay discussions, small business grants in QLD, how Australia harnesses students' entrepreneurial spirits, marketing tech we're using, and our August highlights as we celebrate our 2nd birthday.

Read more
Arrow icon
Ummm… Who invited August? 🤨

What direct-to-consumer startups can learn from Barbie, the Twitter rebrand that’s left question marks over our heads, tech to make travelling for work a breeze, our tip for surviving the second half of the year, and much more.

Read more
Arrow icon
Check out the new website that everyone’s talking about (It’s our new website, and it’s mostly us talking about it)

Some good economic news (finally), the hot new website everyone is talking about (ours, obviously), tried and tested website tech we swear by, a list of 20 small business EOFY tax tips, and much more.

Read more
Arrow icon
What’s on your EOFY shopping list? 🛒

An excellent opinion piece about why work from home is a good thing for society (despite what Elon Musk thinks), a desk setup that’ll make your colleagues green with envy, the TLDR on the PwC tax scandal, some EOFY spending advice we know some people need to hear, and much more.

Read more
Arrow icon
The zombie apocalypse is here 🧟

There’s been a spike in company insolvencies that the AFR is describing as a “zombie apocalypse”, advice from HR experts on how to promote work-life balance in your team, a Slack feature we don’t think gets enough airtime, a monitor stand we’re drooling over, and much more.

Read more
Arrow icon
Our three business travel essentials ✈️

The TLDR on the banking drama and how it could affect your business, exciting AI tools to keep your eye on this year, the businesses where the UK’s four-day workweek trial didn’t work, our non-negotiables when flying for work, and more.

Read more
Arrow icon
There’s a new kind of debt on our radar 👀

Apps to boost your sleep skills (these do more than just fix dark circles under your eyes), mindset shifts to stop you feeling like you’re burning both cash and energy, and how to get excited about the next quarter.

Read more
Arrow icon
A lunch break hack to lure you away from your desk 🥙

An important reminder about what AI can and can’t do for your business, more reasons you should go paperless (and a stack of great resources to show you how), a workday lunch tip to get you away from your desk, advice on setting effective goals for business growth, and much more.

Read more
Arrow icon
Ask yourself: Can that be done next year?

Our thoughts on work-life balance, projections for the tech industry in 2023, some AI tools (or toys) to play with over the break, highs and lows of the year that was, and more.

Read more
Arrow icon
There are only 21 work days ‘til Christmas 🎅

Tips for making the most of December (T-minus 21 working days ‘til Christmas 🤯), a step-by-step guide to registering for your company director ID, one of our favourite tech recs of 2022, an important cause close to our hearts that we’d love you to support (scroll to the end to find out how), and more.

Read more
Arrow icon
Does listening to music help you focus?

How to protect your business from cybercrime, apps to build a connection with your colleagues and customers, the science behind the perfect productivity playlist, and more

Read more
Arrow icon
Three tech recs that (immediately) made our lives easier

Three tech recs that’ll make your life 10x easier, the impact of late invoices on your cash flow, the pros and cons of going to a conference, a massive shout out to our community, and more.

Read more
Arrow icon
3 tools for sharing your knowledge & know-how with customers

The technology shaping Australia’s future, Slack shortcuts we can’t live without, and tech recs to help you share your knowledge online.

Read more
Arrow icon
Hey, are you growing your team?

Tips for hiring in a tough labour market, an ominous shift in pricing strategy for subscription models, and tech recs to help you grow your team.

Read more
Arrow icon
Tech recs to help you celebrate (or survive) EOFY

Some new economic policies coming in on July 1, tech recs to help you celebrate (or survive) EOFY, and some tips for cultivating a growth mindset next financial year.

Read more
Arrow icon
Google Sheets or Excel – which team are you on?

Some tips to help you focus, proposed policies on the horizon after the election, the crash of a not-so-stable stablecoin, a big debate we had on LinkedIn, and some tech recs that anyone who’s into design will love.

Read more
Arrow icon
Finally, some decent virtual meeting tools… 🎧 🖥

Did ASIC actually just kill off 'finfluencing’, ideas for designing your perfect work week, tech recs to level up virtual meetings and a sneak peek into the tech stack we use here at Project Alfred!

Read more
Arrow icon
🏠 Are you ready for hybrid work? 👔

Tech recs and productivity hacks to help hybrid workplaces get the best of both worlds, our thoughts on the latest Federal Budget hot off the press and an audio book we’re loving right now.

Read more
Arrow icon
What the Super Bowl has to do with accounting 🏈

High Court rulings around being an employee or an independent contractor, funding for Covid-affected businesses, great news about mental health support for small business owners, some new favourite tech finds, the Super Bowl…and we’re hiring!

Read more
Arrow icon
Happy New Year! 🎉 Now go eat a frog 🐸

22 things you should do to help your business in 2022, what records you need to keep and what you can let go of in the new year, why eating a frog is the best way to start your day, and some of our highs and lows from the last month.

Read more
Arrow icon
How to stay on the ATO’s nice list this Christmas

How to stay on the ATO’s nice list this Christmas, our how-to guide for director IDs, small business trends for 2022, how to work smarter not harder, and some of our own recent business highs and lows.

Read more
Arrow icon