Government Grants and Tax Incentives
At Acro, we assist our clients to access Government Grants and Tax Incentives. The Australian government provides eligible organisations with generous grants and tax incentives to help fund research, development and growth. We will work closely with our clients to identify which schemes are applicable to their businesses, and then assist them to prepare the documents and provide evidence to support their application.
The following are the key grants, incentives and concessions:
R & D Tax Incentives
The R&D tax incentive encourages companies to engage in R&D activities to create innovation and technological advancements in various industries in Australia. This R&D tax incentive program assists businesses with offsetting some of the costs of performing Research & Development. The program is non-competitive, so companies eligible to claim will get the benefit of the R&D tax incentive.
The Entrepreneurs program aims to support small and medium businesses to improve their business capability and competitiveness, promote economic growth and support the commercialisation of new products, processes and services.
This program offers support to businesses through facilitators and advisors to improve their competitiveness and productivity.
The Early Stage Innovation Company Program (ESIC)
The Early Stage Innovation Company (ESIC) program provides tailored advice to small and medium businesses. It allows the investors in an ESIC eligible company to receive a 20% non-refundable carry-forward rebate of up to $200,000. Furthermore, investors will pay no capital gains tax on ESIC eligible shares that are held from 2 to 10 years.
The Export Markets Development Grant (EMDG)
The Export Markets Development Grant (EMDG) can supplement the costs associated with promotional activities relating to exports, including inbound tourism. We assist our clients with assessing eligibility for the EMDG program, navigating the application process and managing the documentation required for program.
Small Business Entrepreneur Grants Program (QLD)
The Small Business Entrepreneur Grants Program provides new small businesses access to professional advice and support in the critical early stages of establishing a business. Funding is available up to $5,000 for eligible businesses to engage a consultant, advisors or business coach for 3 months to improve their business growth and efficiency.
Trade Start Program
Trade Start assists small and medium sized exporters to achieve long term success in international markets.
Australian Technology Showcase ATS
ATS program supports and develop export markets for innovative technology-based product for small to medium sized businesses with annual turnover of less than $10 million.
Disaster Recovery Allowance
This program provides regular financial assistance, for up to 13 weeks, to business owners whose income has been directly affected by a declared disaster
The other grants, concessions and tax incentives programmes are:
- Global Opportunities Program
- Early stage Venture Capital Fund Limited Partnership
- Tourism Industry Regional Development Fund
- The Advancing Renewables Program