Hosting provider Bulletproof's group director for sales marketing Mark Randall was another fan of the small business incentives.
"This budget is definitely a positive one for supporting startups, entrepreneurs, and the small business sector," he said. "It is great to see that employee share options will no longer be taxable upfront, bringing Australia in line with other OECD nations."
However, Randall is disappointed with a disjointed IT spending strategy for the public sector.
"While there are some good individual initiatives such as the $254m investment in digital transformation, there seems to be a lack of joined up thinking in the budget this year. For example, the Department of Finance is assigned with squeezing savings from IT, but they’re spending $17.6m on a new AFP Data Centre, instead of using cloud with proven cost savings."
Australian internet startup Asset Guru expects to win in another way – it provides an asset management solution for the small business sector. Founder Chris Petersen argued the changes will put asset purchases "front of mind" for the two million-plus prospects that the company has in Australia.
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