Hollyberry
Hollyberry

HOLLYBERRY

BUSINESS CONSULTING

Government Programs

There are Government programs for virtually all industry business needs and we have helped companies to access and maximise Government grants and assistance for various industries over the past 15 years. If a company is undertaking Research & Development or an Exporting Development initiative we can provide the expertise, guidance, and hands on approach to ensure the company achieve the best desired outcome.

R&D Tax Incentive

Approximately 3 billion delivered in rebates by the government in 2013-14 financial year.

Eligible companies can receive 43.5% tax offset with an aggregated turnover of less than $20 million.

Or, a 38.5% tax offset to eligible companies with a turnover of over $20 million.

The R&D Tax Incentive is broad-based, market-driven assistance for all industries. It provides a targeted tax offset to encourage more companies to engage in R&D.

It aims to:

  • Boost competitiveness and improve productivity across the Australian economy.
  • Encourage industry to conduct R&D.
  • Provide businesses with more predictable, less complex support.
  • Improve the incentive for smaller firms to engage in R&D.

How Hollyberry Can Help

  • Conduct a review of the company product development and process improvement projects to identify eligible Research & Development projects and expenditure.
  • Complete the project descriptions, costing, and lodgement of the R&D Tax Incentive registration.
  • Complete the R&D Tax schedule which can be lodged with the company's tax return.
  • Make visits to identify/capture the projects before, and during its conceptualisation and development stage.
  • Assist the company with any AusIndustry queries, audits and visits.
  • Advise the company of any new Government programs (both State & Federal) that may be applicable to the business.

Export Market Development Grant (EMDG)

The EMDG scheme

  • Encourages small and medium sized Australian businesses to develop export markets.
  • Reimburses up to 50% of eligible export promotion expenses above $5,000 provided that the total expenses are at least $15,000.
  • Provides up to eight grants to each eligible applicant.
  • Companies can receive up to 50% of their overseas marketing and promotional expenditure.
  • Provides a maximum of $150 thousand in grants per company per year.

How Hollyberry Can Help

  • Conduct a review of the company’s export development initiatives to identify eligible expenditure to claim for the EMDG program.
  • Help prepare the application for submission and to ensure the company has all the documentations needed for any audit required.
  • Assist the company with Austrade audits or appeal.
  • Make visits and be on call to respond to all queries and/or represent the company’s interests as the need arises.
  • Provide feedback on any changes to the EMDG scheme, so that companies can effectively factor these changes into their own planning and decision making processes.