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About Us
Supporting Your Business
Top Grants is a rapidly expanding consultancy firm specializing in securing government grants for businesses across Australia. With a dedicated team of expert grant consultants, experienced chartered accountants and tax agents, we assist businesses in identifying, applying for, and securing grants to fuel their growth and innovation.
Catering to a diverse clientele, we serve both small and medium-sized
enterprises (SMEs) as well as some esteemed high-profile clients.
At Top Grants, we aim to empower Australian businesses by providing
unparalleled support in accessing government grants, optimizing financial strategies, and navigating tax complexities, thus catalyzing their growth and success in the competitive market landscape.
Service and Reliability
We will provide the Services to you in accordance with the relevant professional and ethical standards.
Services
About the Services
Top Grants specializes in grant applications, not only serving domestic Australian businesses but also providing grant consultation and application services to companies from countries such as the United States, the United Kingdom, Canada, Singapore, New Zealand, and others.
Grants provided by different level of government
The main levels can be divided into federal, state, council, and industry. In certain special cases, businesses can apply for multiple subsidies at the same time, such as export subsidies from the federal government, state government, and industry.
Grants classified based on the fee stages
The first type requires payment of a qualifying fee before applying according to the subsidy requirements process
The second type involves submitting a budget first, obtaining approval, and then making payment. The government will prepay a certain percentage of the fee (Top Grants has extensive experience in this type of grant application).
EMDG Program
The Export Market Development Grant (EMDG) program is a key Australian Federal Government financial assistance program, encouraging Australian businesses to seek export opportunities for their goods, services and intellectual properties.
The EMDG program assists small to medium-sized Australian businesses, with turnover of less than $20 million, reimburses up to 50% of eligible export promotion expenses. There is a maximum annual grant of $150,000 available for up to 8 grant years.
State Government Export Grant
In order to encourage exports, the governments of various Australian states including NSW (New South Wales), VIC (Victoria), QLD (Queensland), SA (South Australia), and WA (Western Australia) will periodically launch corresponding subsidy policies each year. The specific launch time and requirements are currently not accurately disclosed, and Top Grants will closely track and follow up on them.
For example, in 2021, VIC Global Gateway project in Victoria required companies to have export volume greater than AUD 2 million; NSW Going Global in New South Wales stipulated that the company's registration time must be before July 2019, registered in New South Wales, and have no less than 3 FTE (full-time equivalent) employees. The subsidy ranges from AUD 5,000 to AUD 50,000, and the reimbursement ranges from 50% to 80%. The vast majority of them are competitive subsidies that require professional analysis and consulting advice.
R&D tax incentive
The research and development (R&D) tax incentive encourages companies to engage in R&D benefiting Australia, by providing a tax offset for eligible R&D activities. The incentive has two core components. Entities engaged in R&D may be eligible for:
A 43.5% refundable tax offset for eligible entities with an aggregated turnover of less than $20 million per annum, provided they are not controlled by income tax exempt entities.
Companies with aggregated turnover greater than $20M can apply for a non-refundable tax offset of up to 46.5% of the R&D expenditures. This tax credit can be used to offset the company’s tax liabilities, and any remaining part can be carried forward to future tax years to continue to offset the company’ future tax payables.
Other Grants
The government's other subsidies also include manufacturing subsidies, waste recycling subsidies, and so on.
The federal government has allocated AUD 1.3 billion for manufacturing subsidies to promote the expansion, cooperation, and commercialization of the manufacturing industry in Australia. The subsidy ranges from 25% to 50%, with a maximum limit of AUD 1 million.
At the same time, waste recycling has also been included in the scope of government subsidies, and commercial activities that can significantly reduce waste are eligible to apply. The government typically subsidizes 50% of the cost, and the maximum amount that can be obtained is between AUD 150,000 to AUD 250,000.
Why Us
At Top Grants, our advantage lies in our integrated approach, with two dedicated teams working seamlessly together to deliver unparalleled service to our clients. By combining our knowledge and experience, we offer a holistic solution that goes beyond securing government grants. Here's how we set ourselves apart:
Holistic Approach: Our teams collaborate closely to provide comprehensive support, ensuring that our clients not only secure the government grants they deserve but also maximize the funding they
receive.
Diverse Expertise: From company formation to corporate secretarial services, bookkeeping, financial reporting, and tax compliance, we specialize in a wide range of services to meet all your business needs.
Tax Specialists: With expertise in income tax, indirect tax compliance, international taxes, and transfer pricing support, we navigate complex tax landscapes to optimize your financial strategy and ensure compliance.
Backoffice Support: We offer a suite of back-office services, including employment-related support and virtual CFO services, to streamline operations and provide you with peace of mind, allowing you
to focus on core business activities.
Client-Centric Approach: Our priority is to understand your unique challenges and goals, tailoring our solutions to meet your specific needs and drive your business forward.
With Top Grants, you can trust that you're not just getting grant assistance - you're getting a strategic partner committed to your success.
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We strive to stay in communication with our clients. Have a question about our business, or want to see if we match your specific needs? Send us a message, or give us a call. We're always happy to connect with new customers!
TOP GRANTS
26/9 Salisbury Road, Castle Hill New South Wales 2154, Australia
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