There are a wide range of government grants and programs available to support small and medium businesses to start, run and grow. These range from supporting businesses move into different markets, assistance to employ new staff, subsidies to grow businesses and advice, and funding to create healthy and safe workplaces.
Current programs available to Victorian businesses to help offset business expenses include:
Fuel Tax Credits - Provides businesses that have purchased fuel for their business with a credit for the tax that is included in the price of fuel.
R&D Tax Incentive - Provides a tax benefit to companies to help offset some of the cost of conducting eligible research and development activities.
Textile, Clothing and Footwear Corporatewear Register - Employers are also eligible for fringe benefit tax (FBT) concessions on any contribution they make towards the employee’s uniforms.
We’d encourage all businesses to find out more about the grants available relevant to your business by clicking here.