$5,000 Small Business Grant Opening Monday - Don't Miss Out!
If you're based in Queensland and are running a small business, then make sure you're up to speed with the $5,000 Business Basics Grant Program which is opening on Monday, 31st May 2021. At Muro, we can help you prepare your application and proposal for the $5,000 boost.
The grant can be used for:
Training and coaching
Business development, marketing, human resources or business planning topics
Training or coaching
Website build or upgrades
Website build or upgrade (including website refresh)
Adding e-commerce
Developing new website content
Professional business advice
Business plans
Strategic marketing services
Strategic marketing plans including search engine optimisation advice
Business continuity and succession
Business continuity or succession plans
Cybersafety training and tools
At Muro we offer the following services that are eligible for funding:
Business coaching
Business development, and business planning tools
Business plans
Business continuity or succession plans
We also have access to a range of suppliers who offer marketing and website services.
This has now closed.
In order to give yourself and your vision the best possible shot at success, ensure that you do your research when it comes to government based initiatives and possible funding - after all, who doesn’t like free money? For those looking to launch a brand new enterprise, one of the possible avenues includes applying for the Business Basics Grants Program.
Your Guide To The Business Basics Grants Program
In May 2021, the Queensland Department of Employment, Small Business and Training announced a new initiative to drive the growth of small business in the state, aptly titled the Business Basics Grants Program.
The concept of the Business Basics Grants Program is to issue funding of up to $5000 to support new and emerging businesses with less than twenty employees, in order to increase core capabilities and adopt current best practices. Successful applicants can use the grant for website development and upgrades, strategic marketing, training and coaching, advisory services, and planning for business continuity and succession.
In turn, the Business Basics Grants Program will not fund the following -
Activities bought using cryptocurrencies, barter, or services in-kind
General business operating costs (such as bookkeeping or accounting, tax returns)
Real estate or property hire, lease, or rental fees
Goods, services, or fees from related parties (including companies with common shareholdings or directors, employees or immediate family)
Travel
Franchise fees
Purchase of stock
GST, registration, and fees
General maintenance of existing digital technologies
Computer hardware (such as computer servers, PCs, tablets, mobile phones)
Activities purchased via direct selling (by party plan or network marketing)
Delivery, credit card and transaction fees
Memberships and joining fees
Salaries
Fleet vehicles
Website hosting
Advertising campaign delivery (e.g. Google AdWords, Facebook advertising or similar expenses)
In order to qualify or to be eligible for the Business Basics Grants Program, the business applying for the grant must:
Have fewer than twenty employees at the time of applying for the grant
Have an active Australian Business Number (ABN) and be registered for GST
Have a Queensland headquarters
Have a turnover of $300, 000 or less for the current financial year
Not be insolvent or have owners/directors that are an undischarged bankrupt
Applications for the Business Basics Grants Program will open on May 31, 2021. Applications will close when the Queensland Department of Employment, Small Business and Training receive sufficient applications for a competitive assessment, or on June 30, 2021 - whichever should happen first.
Sourcing The Right Advice for growing your Business
If understanding your finances, or the in’s and outs of doing business isn’t your strong point, then it may be reassuring to know that you’re not alone. In fact, many businesses big and small enlist the services of an accountant and business advisor, in order to free up their time while knowing that their financial obligations are already taken care of by the professionals.
What you choose to invest in or shy away from as a business owner can have a domino effect that ripples through your entire team - so are you confident in your financial choices? At Muro, we are more than just accountants. We offer our clients strategic business advice and ongoing support to help them reach their business and financial goals. Get in touch with us at Muro today to ensure that you’re on the right path for success.