As grant consultants in Australia, we have first-hand knowledge of the difficulties that small businesses face. The number of company insolvencies reached historic highs, and more than 6,600 failed in only six months. According to Australian Securities & Investments Commission data, 12,405 firms failed in 2024, setting a new record for the country in a…
The Australian small business scene is changing fast as we step into 2025. With the economy expected to grow by 11.1% from 2019 to 2024, small and medium-sized enterprises (SMEs) are stepping up to meet new challenges and opportunities. This blog post looks at the major small business trends that will shape the future of…
Local manufacturers in South Australia now have a chance to apply for funding under the Manufacturing Technology Adoption Program (MTAP). This initiative provides businesses with the opportunity to enhance their efficiency and competitiveness via the integration of cutting-edge and advanced technology. It offers matched grants of up to $50,000. The deadline to apply for the…
You can enhance your chances of getting a government grant in Australia by being proactive throughout the application process. In order to be proactive during the grant application process, here are some grant application tips that are specifically tailored for Australian businesses: 1. Set up a Grant Calendar 2. Perform Comprehensive Research 3. Build Relationships with Stakeholders 4. Build…
A significant turning point for small businesses in Australia can potentially be applying for government grants, which provide essential funding to drive innovation and growth. However, many businesses have difficulties applying, and they make mistakes that might hurt their chances of getting approved. Working as a grant consultant has given us firsthand experience with the consequences that…
A major warning from the Australian Taxation Office (ATO) has been issued about the possible loss of tax revenues of $16 billion if businesses return to just using cash for transactions. Some businesses are trying to avoid paying taxes by making this shift, which is part of a wider trend toward a cashless economy. Tax…
Steel Fabricator Among New RED Grants in the Wheatbelt The Western Australian Government’s Regional Economic Development (RED) Grants program continues to play a pivotal role in enhancing regional business resilience and economic diversity. In its latest round of this grant program, 10 projects of the Wheatbelt region have been awarded funding totaling $1.16 million, showcasing…
In its first R&D tax incentive transparency report for the 2021–22 fiscal year, the Australian Taxation Office (ATO) revealed that corporations had made significant investments in R&D. This research offers insightful information about Australia’s innovation environment by examining in depth how businesses in a range of industries are utilising the R&D Tax Incentive program. Key…
Although many Australian small businesses are eligible for various grants, only some take advantage of the possibilities that are available. Every year, many businesses either are unaware of their existence or don’t understand how to apply for government funding, which results in an estimated $1 billion being unclaimed. To start a new initiatives, expand or…
There are many obstacles to overcome while running a business, but dealing with financial hardships is among the most daunting. The good news is that you can take preventative measures if you know what to look for in the beginning. Many business owners get so caught up in their day-to-day tasks that they miss key…
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