Small Business Digital Adaptation Program
Chang Accounting Advisory Pty Ltd, we are CPA practice and NDIS registered plan manager, we could help clients to apply for small business digital adaptation program. If you or your families or friends need our services, please feel free to contact our team for any assistance.
Sole traders, micro and small businesses in Victoria can register and try out selected digital business management tools to adapt to websites, e-commerce transition and financial management provided by suppliers working with the Victorian government. After the trial period, registered enterprises can buy the product they have tried and apply for a rebate of $1200 to use the product for 12 months.
The product selected by the enterprise must be:
- New products not currently used by the enterprise
- Upgrading of existing products, with additional product functions and providing specific digital adaptability (for example, upgrading existing websites to e-commerce websites)
- The enterprise hopes to restore the products available under the plan that have been used before (more than a year ago).
Individual businesses, micro and small enterprises must:
- Operating a business in Victoria that has commenced operations on or before September 13, 2019
- Holds an Australian business number (ABN) and has held an ABN since or before September 13, 2019
- Intend to adapt their business to a digital operating environment.
What does the program cover?
The products selected by qualified enterprises must be:
- New products not currently used by the enterprise, or
- Upgrading of existing products with additional product functions to provide specific digital adaptability (for example, upgrading an existing website to an e-commerce website), or
- According to the product provided by the plan, the product has been used by the enterprise (more than 12 months ago) and hopes to resume use.
The small business digital adaptation program does not include the following costs:
- Update an existing product or software license, or
- Minor updates to existing products (for example, software version updates), or
- Products purchased through a third party for unauthorized applicant's own use, or
- Products not available under this program.
How does this program work?
Step 1: Read the program guide and frequently asked questions (FAQs), and then use the ABN checker to check that your ABN is applicable to the program. Enterprises can try out products and participate in seminars before submitting applications. Before 21 November, 2021, enterprises can participate in unlimited seminars and complete multiple digital product trials. Please note that the registration of trade Trak and VAC product trial will end on 25 October, 2021.
Step2: Register and purchase your favourite digital products through one of the partner suppliers before 5 December, 2021. You will need to provide a supplier receipt or a paid supplier invoice as part of your request - please refer to the frequently asked questions (FAQ) for more details
Step 3: Apply for a rebate of $1200 no later than 11:59 p.m. on 5 December, 2021 to pay for 12 months of access to your products. Please note that if all funds are used up before this date, the program may be closed early, so we encourage you to apply as soon as possible.
Step 4: After six weeks, the approved enterprises will be required to complete a survey to confirm that they are still using the approved products.
Step 5: Businesses will need to respond to short surveys at 6 and 12 months to help Victorian commerce understand how businesses benefit from the program and products.
How can I make progress through the program?
This is a purchase rebate program. Before applying, you must register and purchase available digital products before 5 December, 2021. Fill in the online tax refund application form. Make sure you answer all questions and provide all necessary information, including your proof of purchase. After six weeks of qualification confirmation, Victorian commerce will contact you by email to confirm that you are still using the purchased product.
- If you succeed, you will receive an email with instructions on how to claim the tax refund. Be sure to read this email carefully and follow the instructions provided. You must claim the refund by clicking on the link provided in the email. Your payment should reach your designated bank account five days after you file a claim.
- Unsuccessful applicants will receive an email notification.
Chang Accounting Advisory Pty Ltd, we are CPA practice and NDIS registered plan manager, we could help clients to apply for small business digital adaptation program. If you or your families or friends need our services, please feel free to contact our team for any assistance.
This article is for informational purposes only and does not form part of our advice. This article is based on NDIS guideline. Please contact our team if you need any assistance.
Claire Chang, 0497 131 419, claire.chang@changadvisory.com.au, wechat: clairechang26
Michelle Cui, 0433 539 870, michelle.cui@changadvisory.com.au, wechat: michellejc
Claire Chang