With three layers of government and approximately 700 business grants available, finding the specific grant that is suitable for you can be difficult. Thus, for small businesses approaching this buffet of choices, the task can be daunting. Moreover, tax incentives are generally lumped in the category of ‘grants and incentives’, making it hard to differentiate the differences between a grant and an incentive. Firstly, there are a number of different grants available related to innovation, each with their own philosophy and measures. A […]
In a bid to broaden the economy away from a reliance on mining, the Australian government launched the National Innovation and Science Agenda (NISA) last December. As noted in the agenda, one of the Government’s strategic priorities is to attract the “best and brightest” entrepreneurial skills and talent into Australia. As a result, the government aims to support innovation through the creation of an entrepreneur visa in Australia. Essentially, the new entrepreneur visa will be established for entrepreneurs with innovative ideas and financial […]
Between now and 2050 the world’s food system will need to harvest 70 per cent more food to nourish an increasingly crowded world. As the global population trudges towards 9 billion by 2050 and land and water resources decline, never has the task of producing more from less been more imperative. Essentially, these figures reveal that the role of Agriculture on a global scale will no doubt become more paramount in the following years. In fact, Agriculture is one of […]
One of the areas that many R&D Tax Incentive claimants miss out on in the initial stages of undertaking eligible R&D activities is valuing the time spent on core activities. If you are not paying salaries this year as you are trying to keep costs low whilst you commence your R&D start-up business, you may want to think again. To elaborate, salaries – including that of management and support staff – are an example of R&D Expenditure. However, it is […]