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When you head to any developing part of the world, what is it you’d usually see? We’ll tell you: lots of construction. The building of infrastructure is the hallmark of progress in any civilisation. Likewise, in the online sphere, we’ve had portals built with potential that surpass the tallest buildings, and there are ones today which surge further into unknown galactic domains. If you take the dot com boom as the inception benchmark, we’d say the online sphere is still not THAT mature – less than 20 years, given that people are continually experimenting and coming up with mind-blowing stuff. So what are we getting at? Put it simply, it takes a lot of guts to invest in the unknown rather than say, physical property. You could have big dreams of setting up your own e-commerce platform, or on the pragmatic scale, an idea of how to manage your website information better through a user-friendly content management system. Now, the problem is trying to justify that value when what you’re creating is pretty much… intangible, i.e. you can’t feel it with your bare hands. These web-based ideas take loads and loads of time to bring to fruition and it’s going to take loads and loads of money. Bottom line is, nothing’s moving without the cash.
What is Productivity and Innovation Credit
We may just have the answer for you. Have you heard of the Productivity and Innovation Credit (PIC)? If you’ve not, tune in your ears. Valid from YA 2011 to YA2015, companies can claim up to 60% of their investment in e-Commerce and Custom Programming initiatives. And what’s more, we’ve heard there are added tax incentives too. Bottom line is, nothing’s moving without the cash and there is a way to help you get some with PIC. Here’s another thing to get you further off the edge of your seat, if you already haven’t. We know people who can help you out with PIC.
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