EMDG, R&D Tax Incentive & More
As a Registered Tax Agent, we provide business tax & incentives advisory to various businesses. For example, Export Market Development Grants (EMDG), Research & Development (R&D) Tax Incentive, Payroll Tax, Capital Gains Tax (CGT) and Fringe Benefits Tax (FBT).
Export Market Development Grants (EMDG)
Are you an exporter of Australian goods or services? If so, you may be eligible for an Export Market Development Grant.
The Export Market Development Grants (EMDG) scheme is a key Australian Government financial assistance program for small to medium aspiring and growing export-ready businesses. It encourages businesses to increase international marketing and promotion expenditure to achieve more sustainable international sales. Eligible exporters are reimbursed up to 50 per cent of eligible export promotion expenses above $5,000, up to a maximum of $150,000 per year, , up to 7 times, provided total eligible expenses incurred amount to at least $15,000.
- Determining your eligible overseas marketing expenses
- Working with your finance team to determine your eligible EMDG expenses
- Preparimg the necessary schedules for your EMDG registratione
Our fee on EMDG Advisory Services is on case-by-case basis. If your business isn’t eligible for EMDG, you won’t be charged a thing.
Research & Development (R&D) Tax Incentive
How our R&D Tax Incentive Advisory Services can help you?
Businesses with a payroll that exceeds a specified threshold are required to pay Payroll Tax to the Office of State Revenue. Taxable wages are broadly defined to include salaries, wages, superannuation contributions, bonuses, allowances, commissions, director’s fees, termination payments, taxable contractor payments and fringe benefits.
It is up to you as an employer to know if you have reached the state payroll tax threshold and are thus required to pay this tax. When it occurs, you have up to 7 days to register for payroll tax (after the end of the first month in which your staff pay reaches the threshold).
How our Payroll Tax Advisory Services can help you?
Capital gains tax is paid on profit earned from the disposal of an asset. It forms part of your income tax and is not considered a separate tax, although it is often referred to separately as Capital Gains Tax (CGT). Selling a property, collectables, business, shares, bonds, options and other assets could be a “Capital Gains” event. You could end up with a capital gain or loss; you may be taxed on any gain you make on the sale of an asset. CGT is a matter of importance for all businesses and investors and is one of the more complex areas in Australia’s taxation system.
How our Capital Gains Tax (CGT) Advisory Services can help you?
Fringe Benefits Tax (FBT)
Fringe Benefits Tax (FBT) is a complicated area of taxation and our team specialise in solutions to ensure we can tailor salary sacrificing to suit you and your staff, while preparing FBT return for lodgement. FBT is a tax levied on employers who provide benefits to employees typically via salary packaging. Fringe benefits can include benefits like car parking, health insurance, meals and entertainment, company car, mobile phones and computers. The fringe benefits tax year is 1 April to 31 March.
How our Fringe Benefits Tax (FBT) Advisory Services can help you?