The Queensland Government has introduced the Tourism Business Digital Adaptation Program to support micro, small, and medium-sized tourism businesses in adopting digital technologies.
This initiative offers a rebate of up to $2,500 (excluding GST) for new annual subscriptions to approved digital products, (such as accounting software or point of sale machines and software, etc).
Applications will open in early 2025, so now is the perfect time to prepare your business and gather the necessary documents to apply promptly when the program goes live.
Eligibility Criteria:
To qualify for the rebate, businesses must:
Operate within the tourism sector in Queensland.
Meet specific size requirements.
Be registered for GST.
Have their primary operations based in Queensland.
Detailed eligibility criteria are available in the program guidelines.
Application Process:
Verify Eligibility: Review the program guidelines to ensure your business meets all criteria.
Submit Application: Complete the application through the Queensland Tourism Industry Council’s website. The process is designed to be straightforward, taking less than 10 minutes.
Purchas the Subscription: Select a the software plan that aligns with your business needs. If uncertain, consult with your advisor for guidance.
Claim Rebate: After purchasing, provide evidence of payment for three invoices (issued monthly) to claim the full rebate. Proof of payment for the remaining nine months is required at the end of the first year.
Benefits of Implementing Accounting Software:
Accounting Software simplifies financial management with features such as:
Invoicing: Create and send professional invoices.
Expense Tracking: Monitor and categorize expenses efficiently.
Bank Reconciliation: Streamline bank statement imports and reconciliations.
Reporting: Generate real-time financial reports to aid decision-making.
Next Steps:
Eligible tourism businesses should act swiftly to leverage this opportunity before the 15 December 2024 deadline. Implementing digital technology can enhance operational efficiency and provide valuable financial insights, contributing to the growth and success of your business.
For more information and to begin the application process, visit the Queensland Tourism Industry Council’s website.
If you need assistance, you can book in a FREE meeting with us using this link: https://calendly.com/profitcloud/30min
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