Grants and incentives grow your business
How do you know you have a sustainable capacity to grow? We find it’s a calculated process of accurately understanding your current position then setting realistic parameters to quantify growth safely. One way to achieve this business goal is to explore lucrative investment opportunities outside of your own financial capacity to minimise short-term risk while activating a manageable expansion phase.
ABA Consulting has successfully assisted clients to access millions of dollars in government grants and incentives as well as receive financial benefits through offset activities and fundraising initiatives. When secured, these funds are freely available to invest in your business growth plans to drive commercialisation or in pursuing exit strategies and export readiness.
Our specialisations in the R&D Tax Incentive and the Export Market Development Grant is based on a “No Win – No Fee” model giving you assurance that we’re confident in your funding eligibility.
Just like the entrepreneurial spirit that’s required to pursue the potential of an exciting innovation, seeking the available support to make it a commercial reality is simply a matter of connecting the dots.
We offer full service R&D Tax Incentive assistance from start to finish; our Team will work with you to ensure the optimum benefit is received under the Program. Our goal and outcome is to maximise your R&D Tax Incentive benefit with increased compliance readiness whilst taking as little of your internal resource as possible.
R&D Tax Incentive
What is it?
Australia is one of the most supportive global markets to conduct innovative Research and Development (R&D) activity. Federal fiscal policy opens a rewarding business gateway for those willing to push Australian industry boundaries through the “Australian R&D Tax Incentive”.
This enterprising incentive, offered by the Australian Government, provides a refundable tax offset of 43.5% of your company’s eligible R&D expenditure; for companies with an aggregate group turnover of more than A$20 million, a 38.5% non-refundable offset. Over A$1.8 billion is approved annually in a non-competitive format, so if you’re generating new knowledge in the development of product/s or innovating new industry solutions that benefit Australia as a whole, then you may be fully eligible.
How do I get it?
Just ask yourself:
- Are you developing new or improved products or processes?
- Does the process require significant technical risk or innovation (or both)?
- Does a project contain systematic testing or experimentation?
If you answered ‘yes’ to the above questions, then you may be eligible to claim this tax credit on incurred research and development costs; a process well-worth investigating. ABA offers full service R&D Tax Incentive assistance from start to finish; our Team will work with you to ensure the optimum benefit is received under the program. Our goal and outcome is to maximise your R&D Tax Incentive benefit with increased compliance readiness whilst using as little of your internal resources as possible.
All you need to do is provide us with documented evidence that you’re:
- progressing research from a hypothesis.
- experimenting with industry innovation.
- evaluating concept development.
- drawing practical and logical solutions.
ABA acts 100% independently and will work with your accountant of choice in supplying this required documentation. It’s a simple process, together, we just need to connect the regulatory dots.
To check if you’re eligible for the R&D Tax Incentive take our quick survey here
Export Market Development Grant
What is it?
Exploring the world of exporting can become an expensive process, particularly when it comes to researching extension capabilities and setting up offshore production and/or supply partners. The Export Market Development Grant (EMDG) is a government financial assistance program that can help in this space, being accessible to current and aspiring Australian exporters. Administered by Austrade, it supports a wide range of industry sectors and products including:
- export of goods.
- export of intellectual property.
- inbound tourism.
The EMDG reimburses up to 50% of eligible export promotion expenses above A$5,000, provided the total expenses are at least A$15,000.
How do I get it?
Just ask yourself, have we:
- attended / exhibited at a trade show overseas?
- travelled overseas to attend client meetings?
- travelled overseas to promote a product?
- flown strategic customers to Australia to promote a product?
- developed specific marketing material to develop an export market?
If you answered ‘yes’ to any of the above questions, you may be eligible for reimbursement which will provide valuable cash flow to re-inject back into your exporting business goals.
All you need to do is provide us with documented evidence that you’ve spent company funds on any of the above export engagement activities. Simply fill out the EMDG Eligibility Form below and we’ll assess it with a tailored approach. If it ticks all the right boxes, the team will assist you in officially applying for the EMDG scheme to advance your international business goals.