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Exclusive news on our products and services. Stay up to date, and keep informed of tips, tools, grants, news, and events to help you start, run and grow your business.
R&D Cash Flow Loans – Now Open for Enquiries
The Victorian Government’s R&D Cash Flow Loans initiative is now open for enquiries. The initiative, which was announces as part of the 2020/21 budget in October, aims to support SMEs in Victoria by investing in research and development activity to develop...
Customs Duty Health Check
Have you organised your customs duty health check yet? If your business imports products, then there's a high likelihood that you are over-paying Customs Duty. Duty levels on products can range up to 10%. With more than 16,000 duty concessions available and the...
Why Are Freight Rates High Right Now and How Can Shippers Adapt?
Container shortages and increasing freight rates have become a global challenge during the COVID-19 pandemic. It has caused disruptions and challenges to supply chains across all industries. Over the last six to eight months, freight prices have skyrocketed and become...
Budget 2021: Digital Games Tax Offset and ‘Patent Box’ scheme
The announcement of Federal Budget 2021 last week (11 May 2021) introduced a number of exciting programs and stimulus measures. Two that are particularly relevant to many of our clients are the Digital Games Tax Offset and the Patent Box Tax Regime. While more detail...
Export Market Development Grant – Claims for FY2021
Attention has recently been focused on the release of draft guidelines for the “new” Export Market Development Grant. While these changes are important and will have a significant impact on how businesses claim the grant for FY2022 and beyond (more information...
Export Market Development Grant – Changes for FY2022
Austrade has recently released the draft guidelines outlining changes to EMDG from 1 July 2021. For those familiar with EMDG, these guidelines describe a new EMDG model that is reoriented from a reimbursement model to a grants application program. Grants will be...
Business Competitiveness Program – Now Open
The Business Competitiveness Program is open for applications. The Program Manager has advised of an extension to the application deadline. Applications will now close on 4th July 2021 instead of 20th June 2021. Overview of the grant This program is open to...
Food and Beverage National Manufacturing Priority (MMI Grant) – Now Open
The $1.3 billion Modern Manufacturing Initiative (MMI) is now open to food and beverage projects. Companies involved in food and beverage manufacturing can now apply to receive grant funding of between $1 million and $20 million under the fund’s translation and integration streams.
Export Market Development Grant
Much has been said about the proposed changes to the grant. At this point, though, it is still a case of watch this space.
R&D Tax Incentive
Deadline approaching
Clients with an income year-end of 30 June need to register their R&D activities with AusIndustry by 30 April. If your business has been developing new or improved products, processes or systems, there is a chance you may be eligible for a refundable tax offset of up to 43.5% concerning those activities. We still have some time available to discuss activities with clients and bring claims together before the deadline, but time is running out. Contact us to book a meeting with our team and discuss how we can assist with your claim.