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InCorp Global can help you traverse this complicated landscape and take advantage of the financial assistance that these programs have to offer.

The Australian Government offers several grants that can give innovative small and medium-sized businesses the critical cash funding they need to move forward. The three main grants are:

R&D Tax Incentive Export Market Development Grant Early Stage Innovation Company (ESIC)
  • Cash rebates to encourage research and development activities
  • The R&D Tax Incentive is one of the most lucrative government incentives globally — regardless of your business size. Offered by the Australian Taxation Office and AusIndustry, it provides a generous offset to encourage research and development activities that can benefit the Australian economy.
    • For companies with a turnover under $20 million, it can deliver a cash benefit of up to 43.5 cents in the dollar.
    • For those with a turnover more than $20 million, the benefit is still significant however reflected as a reduction in income tax payable
  • Reimbursement on promotion-related expenses of exports
  • Through the Export Market Development Grant, the Australian Government offers up to a 50% reimbursement on promotion-related expenses of exports—be they products, services, or even simply intellectual property.
  • Concessional tax treatment for investors in innovative, high-growth start-ups
  • The Early Stage Innovation Company (ESIC) tax incentive provides concessional tax treatment for investors in innovative, high-growth start-ups
  • As part of this initiative, as of 1 July 2016, if a taxpayer invests in a qualifying ESIC, then they may be eligible for tax incentives. These tax incentives include:
    • Non-refundable carry forward tax offset of 20% paid for qualifying investments (limited to $200,000 for the investor and affiliates collated per income year)
    • Modified capital gains tax (CGT) treatment that disregards capital gains on qualifying shares held for at least 1 year and <10 years

How InCorp Australia Can Help

Scalable ServiceScalable Service
Ability to grow with your business

Fixed FeesFixed Fees
No surprises

Reduce CostsReduce Costs
Compared to using internal resources

MeetingTailored to You
Meeting outside business hours and on weekends


InCorp Australia’s R&D Tax Incentive Services Can be Broken Down Into Stages:

1. Discover

We work with you to define eligibility and identify potential R&D projects and any other relevant government incentives.

2. Document

Using our unique interview-based ‘reverse audit methodology,’ we prepare your supporting documentation, including R&D project plans.

3. Calculate

We calculate your eligible R&D expenditure on a project-by-project basis.

4. Lodge

We prepare your application for registration of R&D activities for lodgement with AusIndustry, and if approved, the R&D schedule for lodgement with the Australian Taxation Office.

5. Assess

We liaise with AusIndustry and the Australian Taxation Office in the event of any review or audit.

Besides the R&D Tax Incentive, InCorp Australia can also assist across a suite of other government incentives programs across export market development grant (EMDG) and early stage innovation company (ESIC) supporting across calculations, testing, and submissions.

Our aim is to enable governments to maximise economic value capture through the design and implementation of the right suite of incentives that promote your growth and expansion.

Our incentives experts have secured more than $320 million in grants for our clients to date and we can help you too.

FAQs

What is government funding in Australia?

The Australian Government offers grants to a large number of stakeholders that are often used to attain government policy goals.

What are the benefits of getting government incentives in Australia?

They include:

  • Increased cash flow
  • Tax breaks
  • Reduced operating costs
What are some Australian government incentives for small businesses?

They are:

  • The Entrepreneur’s Programme
  • Austrade Landing Pad
  • Export Market Development Grant
  • Accelerating Commercialisation
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Let InCorp help you grow your business in Australia