At Circle Advisory Partners, we specialise in facilitating access to grants, tax incentives, and government initiatives using our expertise.
The Australian government provides eligible organisations with generous grants, incentives, and initiatives to help fund research, development, and growth.
We are here to work closely with you, identify applicable schemes for your business, and assist you in preparing the necessary documents and evidence to support your application.
The R&D tax incentive is a generous, easily-accessed entitlement program that assists businesses with offsetting some of the costs of performing Research & Development. This non-competitive program ensures that eligible companies can benefit from the R&D tax incentive.
Potential gains:
A refundable offset equal to the company’s corporate tax rate plus 18.5% where the claimant is part of a group with an annual aggregate turnover of less than $20 million or A non-refundable offset equal to the company’s corporate tax rate plus 8.5% (16.5% for expenditure exceeding 2% of the company’s total expenses) where the claimant is part of a group with an annual aggregate turnover of more than $20 million
The Export Markets Development Grant (EMDG) can supplement the costs associated with promotional activities relating to exports, including inbound tourism. We provide assistance in assessing eligibility, navigating the application process, and managing the required documentation for program compliance.
Potential gains:
Refund of up to 50% of eligible expenditure.
This program replaces the Entrepreneurs Program and is expected to be launched in late 2023. Details are yet to be released by the government.
Note: The Entrepreneurs Program has been cancelled. It has been replaced with the Industry Growth Program which will launch in late 2023.
Unlock the benefits of grants, tax incentives, and government initiatives for your business today. Schedule a consultation with our experts at Circle Advisory Partners.
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