Glasshouse Advisory’s R&D Tax and EMDG practices have transferred to leading independent assurance, tax and advisory firm, Grant Thornton.
The EMDG program assists small to medium sized Australian businesses by reimbursing 50% of eligible costs associated with the development of export opportunities. There is a maximum annual grant of $150,000 available for up to 8 grant years.
Expenditure incurred in establishing and maintaining one or more overseas representatives on a long term basis in foreign countries. The overseas representative must undertake marketing and promotional activities as part of their role.
This category has a cap of $200,000 per claim
Costs incurred by the applicant or its agent participating/attending a trade fair, seminar, in-store promotion, international forum, private exhibition or similar promotional event, to the extent to which this is undertaken for an approved promotional purpose.
Costs incurred engaging a consultant (either in or outside Australia) who is not closely related to the applicant. Costs are claimable to the extent to which the consultant undertakes market research, or marketing activities, related to approved promotional purposes.
This category has a cap of $50,000 per claim.
Costs incurred in relation to promotional literature or other advertising material (whether the literature or material is in an electronic form or any other form) to the extent to which this is obtained for an approved overseas promotional purpose.
Costs incurred for any marketing visit made by the applicant or its agent to any place in or outside Australia to the extent to which the visit is made for an approved overseas promotional purpose.
An allowance of $350 per day (up to 21 days) is claimable to cover ground transportation, meals and accommodation, which are not directly claimable.
Costs incurred by the applicant for bringing one or more potential buyers who are not residents of Australia to Australia. The potential buyer must not be closely related to the applicant and must be brought to Australia for an approved promotional purpose.
This category has a cap of $7,500 per buyer and a cap of $45,000 per claim.
Manufacturing and freight costs incurred in providing free samples to a business that is not a resident of Australia. Costs must be in relation to any eligible product of the applicant.
This category has a cap of $15,000 per claim.
Costs incurred by the applicant obtaining patents, designs and trademarks in relation to overseas jurisdictions, excluding New Zealand and North Korea.
This category has a cap on expenses of $50,000 per claim.
As an Austrade approved EMDG consultant we have a high success rate which means Glasshouse’s clients can be confident that the claim we submit for you will be the grant you receive. Being Austrade approved also means we can submit EMDG applications three months beyond the usual 30 November deadline, until 28 February.
We take our approval seriously, which is reflected by the fact that Glasshouse’s slip rate is lower than the average slip rate of non-approved consultants and self-lodging applicants. By engaging Glasshouse to prepare your EMDG application, you can be confident that Glasshouse will identify all eligible expenses, leading to a higher grant.
In order to assist clients lodge a robust EMDG claim, Glasshouse offers three service packages, depending on your needs. This includes a full service arrangement for clients wishing to hand over the reins, and two offerings for business’ wishing to self-lodge; a high level review and/or audit assistance.
Austrade statistics indicate self-lodgers have a lower average EMDG claim, compared to claims prepared by an Austrade approved consultant. We would therefore urge self-lodgers to consider having their claim reviewed by an Austrade approved consultant, in order to minimise the potential for expenses to be disallowed by Austrade.
Our ‘full service’ engagement typically includes:
The reason we believe in taking such a hands-on approach is that we aim to submit the most robust, defendable EMDG application, giving Austrade very little opportunity to knock out expenses during audit. This approach has enabled Glasshouse to assist our clients to gain access to the highest possible grants available under the program.
There is no upfront, out of pocket charge for this service. If you don’t receive a grant, we don’t receive a fee. Our fee structure reflects the industry standard, being a percentage of the grant value with a minimum fee. Please contact one of our EMDG specialists, who will be able to discuss your options further.
Some clients prefer to prepare and submit their EMDG application themselves to save on cost, but may be uncertain as to the accuracy or completeness of their claim, or may be unsure whether they have missed any opportunities for additional expenses. To ease the uncertainty of the self-lodging process, Glasshouse can undertake a review of your EMDG application prior to you lodging your claim, and provide you with a letter of advice identifying strategies to improve the strength and size of your application.
Please note this option is only available to clients wishing to self-lodge their EMDG application. The deadline for self-lodgement is 30 November.
This is a minimum cost service, specifically for self-lodgers. Please contact us for further details.
For business’ who nominate to self-lodge, yet require further assistance and expertise during the Austrade audit, Glasshouse offer EMDG audit assistance to self-lodgers.
We can offer:
We offer our services at a low and fixed charge out rate. Please contact us for further details.