by Saving Point Team | Nov 27, 2020 | Government Grants, News
The NSW State Budget was handed down by Treasurer Dominic Perrottet on Tuesday 17 November. As, like the rest of the country, NSW seeks to rebuild from the challenges of COVID-19 the budget has a strong focus on job creation. It also introduced the prospect of some...
by Saving Point Team | Nov 27, 2020 | Government Grants, Government Grants Australia, News
The Federal Budget in October included significant funding allocated to the re-invigorating Australia’s manufacturing sectors. More detail is becoming available on how these funds will make their way to manufacturers is starting to become available. Manufacturing...
by Saving Point Team | Nov 27, 2020 | Government Grants, Government Grants Australia, News, R&D Tax Concession, R&D Tax Incentive
On Tuesday 24 November 2020, Victorian Treasurer handed down the 2020/21 State Budget. It’s been billed by many commentators as a game-changing tech budget, and it contains many welcome measures that will benefit Victorian startups. Our team are happy to discuss these...
by Saving Point Team | Oct 7, 2020 | Government Grants, News
From 7:30pm on 6 October 2020 until 30 June 2022, businesses with an aggregated annual turnover of less than $5 billion will be able to deduct the full cost of eligible depreciable assets of any value in the year they are acquired. Small and medium sized business will...
by AmberD | Oct 7, 2020 | Government Grants, News
Investment of $1.5 billion in new funding for the manufacturing sector has been announced. Over the next four years the Modern Manufacturing Strategy is aimed at making Australian manufacturers more competitive and able to scale-up. The $1.3 billion Modern...
by Saving Point Team | Oct 7, 2020 | Government Grants, Government Grants Australia, News
In a measure designed to provide cash flow support to previously profitable businesses severely impacted by COVID-19 and now running at a loss, the Government has re-introduces a “loss carry-back” mechanism that will allow corporate tax entities with an aggregated...
