If your business deals with new investments, export, developing an innovative product or processes then it may qualify for government funding to help you toward that end. Taking advantage of these grants and assistance programs is the logical thing to do.
Please be aware of the following Government Grant deadlines:
Export Market Development Grant (EMDG) – November 30, 2012Eligible Australian exporters are able to claim up to 50% of their costs associated with export marketing activities. To access the EMDG scheme, businesses need to have spent at least $20,000 in the claim year on eligible export marketing activities. First time applicants can claim the expenditure incurred over the past two years on these activities.
R&D Tax Concession and Incentive – October 31, 2012This is the last time that eligible companies with substitute financial years (December 30, 2011 and March 30, 2012) will be able to claim the 125% R&D Tax Concession before moving to the R&D Tax Incentive program. It is also the last time that these companies will be able to take advantage of the 175% incremental program. Eligible companies with a financial year ending June 30,2012 , are currently able to apply for the R&D Tax Incentives, including the 45% Refundable Tax Offset and 40% Non-refundable Tax Offset.
If you wish to discuss your eligibility for any of the above programs or need assistance with submissions, please contact Saving Point on 03 9553551 or [email protected] |
