ACCESSING GOVERNMENT GRANTS HELPS YOUR BUSINESS GROW
Our team leverages extensive experience to help business clients access various government grant programs. If your business is involved in research and development activities or exports goods and services to international markets, you may be eligible for substantial financial grants from the Federal Government with our assistance.
The R&D Tax Incentive can provide your business with a refundable tax offset of up to 43.5% on eligible R&D expenditures. Additionally, the Export Market Development Grant (EMDG) program offers refundable grants to cover marketing expenses related to exporting your products or services.
We are here to guide you through the application process and maximize your potential benefits from these programs.
R&D Tax Incentive
The Research and Development (R&D) Tax Incentive offsets some of the costs of doing eligible R&D activities. Companies must apply to register within ten months after the end of their income year. We provide services for businesses in and out of Australia for the R&D Tax Incentive Program, including:
- Review of R&D documents for the eligibility test
- Consultation in the planning stage of R&D
- Preparation and lodgment of R&D Tax Incentive Application to AusIndustry
- Attending the calculation of R&D Expenditure
- Attending the compliance review/audit from AusIndustry (Certificate of Findings) and the ATO
- Handling the remission of penalties when the authorities denied the application.
Please consult with our leading R&D Tax Incentive specialist at Quantum.
Export Market Development Grant (EMDG)
The Export Market Development Grants (EMDG) scheme is a crucial financial assistance program offered by the Australian Government for both aspiring and established exporters. Administered by Austrade, the scheme supports a diverse range of industry sectors and products, including inbound tourism and the export of intellectual property and know-how.
We encourage businesses to contact us to determine their eligibility for the grant programs mentioned. Please contact our office to arrange a meeting with our team. Our industry experts and tax advisers are here to assist you in navigating the grant application process and securing financial support for your business.