Small Business Growth assistance

Small Business Growth assistance

R&D grants are currently focused strongly at big business. Primarily because in a small business the management is focused on running the business rather than taking on another full time job to fill in the applications required to get access to Government R&D funding. Yet small business is often where we see the most innovation! I believe small business should be encouraged to grow by being able to claim or depreciate costs that can be attributed to growth and employment. A policy based on growth could be controlled by allowing claims based on actual attributable costs and offset against increased tax paid due to growth of a business i.e. if I spent $10k to get a $100k increase in sales (15k GST paid) then you could claim some or all of the $10k back from the GST paid in that year. similarly costs associated with government compliance should be deductable e.g. costs for software updates every time IRD change a tax table.

Showing 4 reactions

How would you tag this suggestion?

Sign in with

Or sign in with email

    Please check your e-mail for a link to activate your account.
    • David ten Have
      tagged this with essential 2016-11-26 05:10:11 +1300
    • Peter Jamieson
      tagged this with interesting 2016-11-25 14:37:25 +1300
    • Bart Brichau
      tagged this with important 2016-11-25 14:35:58 +1300
    • Philip Wilkinson
      published this page in Suggestions 2016-11-25 13:57:59 +1300