Hello Aotearoa!
Unlike the cassowary, BlueRock has spread its wings and flown across the Tasman, landing in Christchurch to set up our one shop for growing businesses. Find out what our small but mighty team has to offer entrepreneurial business owners in New Zealand.
Services for NZ Businesses
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Research and Development Tax Incentive
Claim tax offsets to lower your R&D costs. The New Zealand Government is incentivising businesses to conduct research and development locally. The paperwork and process might seem daunting, but we'll make R&D claims easier for you and the financial benefits will make it worthwhile.
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New to R&D Grant
Get your innovation plans funded. Just launched - this is a fantastic opportunity for anyone who is considering R&D, or still in the early stages of their R&D.
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Government Grants and Funding
Tap into the right funding to boost your business. The NZ Government provides valuable grants and funding to support eligible NZ-based businesses of all sizes. We can help you leverage these opportunities to fund and grow your business.
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Doing Business in Australia
Open the doors to trade in the Australian market. We work closely with our Australian-based business advisory teams, leveraging a wealth of expertise and capabilities to help your business expand and succeed across the ditch. Get help with Australian accounting and tax, legal, insurance and more.
Research and Development Tax Incentive
What is the R&D tax incentive?
Since 2019, the NZ Government incentivises businesses to conduct R&D through its Research and Development Tax Incentive. This program offers tax offsets equal to 15% of your R&D expenses. This is in addition to the 28% R&D cost ‘cash-out’ for loss-making businesses, meaning up to 43% is available to you.
The offsets are accessed by making an application that describes your R&D project and activities, then reporting your R&D expenditure in your tax return. The program is complex and there are flaming hoops to jump through. We are here to help work through it with you!
Can I get it?
Most private-sector businesses conducting R&D in New Zealand should be able to access the tax incentive. The main requirements are:
- Have a New Zealand presence
- R&D performed in New Zealand (even by a contractor)
- Own the results (or be able to use them without extra cost)
We can help you determine your eligibility.
How we can help!
How Can BlueRock’s R&D Consultants Help You Access the Tax Incentive?
- In-depth consultation to discuss your eligibility for the R&D tax incentive
- Regular catchups throughout the year to review your R&D activities and expenses
- Writing your application and preparing supporting documents
- Reviewing your accounts and R&D expenses to calculate annual R&D expenditure
- Training key staff on R&D eligibility and recordkeeping processes
- Submitting your application and liaising with the regulators
NEW TO R&D GRANT
What is the New to R&D Grant?
The NZ Government now offers funding and support to local innovators for new research and development projects. Funding of up to $400,000 is available. This includes:
- up to $200,000 that funds 20% of your proposed R&D project
- up to $200,000 to develop your internal R&D capacity
Applications are welcome anytime but you can only apply once. We will help you put your best foot forward!
Can I get it?
Most NZ-based private sector businesses should be eligible. The main requirements are:
- Be able to fund the remaining 80% of your project
- Not have other recent government R&D funding
- Not have over $50,000 R&D costs recently
- Not have existing R&D capability within your corporate group
How We Can Help
How Can BlueRock’s Grants Consultants Help You with the New to R&D Grant?
- Discussing your R&D plans and needs
- Establishing the best funding strategy
- Advising how best to structure your project for the application
- Writing a well-crafted grant application
- Facilitating a smooth and straightforward application process
Government Grants and Funding
What business grants are available?
Regardless of your industry or size, you might qualify for a grant or other government business funding. Government business grants are a generous source of funding provided to businesses without giving away equity or borrowing big bucks. Business grants and funding could support you with cash payments, reimbursements, matched funding or low-cost loans.
These grants commonly support new projects in these areas and more:
- Agriculture
- Arts and Media
- Charity
- Defence
- Environmental Improvements and Sustainability
- Exporting and Trade
- Health
- Innovation and Technology
- Job Creation
- Manufacturing
- Not-For-Profit and Social Enterprise
- Regional Growth
- Solar Energy
- Tourism
- Training and Education
- Volunteering and Community Service
- Infrastructure
How Do I Apply For a Business Grant?
- Thoroughly read the grant requirements and eligibility criteria
- Check the grant deadlines
- Look for case studies and past recipients of the grant
- Take the time to understand why the grant is being offered – what are the goals of the funding?
- Consider your time investment and the opportunity cost – there are no free lunches
- Clearly outline projects and milestones – most funding is project-based
- Draft project budgets
- Write up and submit your grant application
Whether you’ve seen a specific government business grant you’d like to explore or you’re just starting out finding what’s available, contact BlueRock’s grant specialists for a chat.
How We Can Help
- Discussing what best-matched funding is available and when
- Expertise and experience crafting successful grant applications
- Facilitating a smooth and straightforward grant application process
- We have a high success rate with over $100m in funding allocated
Doing Business in Australia
Kiwi businesses have relatively easy access to an Australian market that in many industries is several times the size of our local market. If you’re eyeing up New Zealand’s big West Island, then BlueRock is your perfect co-pilot for the adventure.
How can we help?
Our Australian offices with over 300 staff are leading advisors in business and personal success. We have substantial experience helping businesses access or trade in Australia. Your kiwi business can take advantage of our expert, local capabilities in:
- Exporting to Australia
- Establishing an Australian presence and local trading
- Australian law and regulatory frameworks
- Australian accounting standards and requirements
- Australian tax
- Business insurance for your operations
- And more!
