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Will I have to pay tax on the Queensland government business loans and grants?

  • Answered by Expert
  • Views 6054
  • Asked By Farah Carrol

Small Business Questions
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The Queensland government business loans and grants programs passed their own guidelines and rulings. Determining whether you would have to pay tax on the Queensland government business loans and grants would be something that you would have to rely on your accountant to determine. The government is constantly making changes as to what is and what is not applicable when it comes to taxes and this is something that you would need to rely on current information for. The Queensland government business loans and grants have been put in place to help small businesses with their financial needs, and it is not their intention to place more burdens upon them by way of taxes or any other expenses. To gain more details about this type of question, obtaining the advice of qualified consultants would help.

Take a moment and become a registered member with AustraliaStartups. You will get access to the Funding Database at which point you will be able to conduct a funding search to see how much funding may be available for you and your business. On top of that you also get access to the step by step business startup guide, the Investor PitchDeck and the Investor PitchDeck. This gives you all you need to startup, launch and fund your small business in Australia. Register to get access today.

You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.

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