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Fringe Benefits Tax

The fringe benefits tax year ends on the 31st March 2012.  On that date you should record the odometer reading for all motor vehicles and assemble your information relevant to the preparation of your fringe benefit tax return.  If you wish to have discussions with us on any aspect of the preparation of your records for fringe benefit tax purposes, please do not hesitate to contact us.

Government Grants For SMEs

Commercialisation Australia has grant funds available to assist companies with turnovers under $10 million, who have developed a new product or service, who wish to bring it to market and require assistance to do so.

Commercialisation Australia has funding available for the development of:-

  • business plans;
  • market research;
  • development of a marketing plan;
  • development of an export strategy;
  • commissioning an intellectual property landscape report;
  • developing intellectual property strategy;
  • developing intellectual property licence agreements;
  • developing budgets and cashflow forecasts;
  • business valuation; and
  • assistance in capital raising.

Funding is up $50,000, on an 80% grant basis, meaning professional services costing up $64,000 can be undertaken, with the small business only having to contribute $14,000.  If you are interested in obtaining additional information on the operation of the Commercialisation Australia Skills and Knowledge – Specialist Advice and Services Programme, please contact us.

Article provided by Acclipse Business Advisor and ESS BIZTOOLS Pty Ltd.

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