Financing

Your company has recognised the importance of development and you already have the necessary plans to start a project. But there is an essential factor which can hinder everything: the financial problems. It is worth murmuring the four magic words which can help you to solve this problem.

1. planned budet – separated from the budget every year
2. project proposal sources – everybody can find one according to his/her own taste
3. training contribution – background of our training projects
4. innovation affix – wide range of development opportunities from technology to organisation

You can use all these sources at our company!

1. Planned budget - it is an often problem for leaders of the company that despite the fact that they would be willing to start a new project, they do not have the necessary financial background for it. The top management cannot be convinced or it simply seems that there is no money for this purpose besides the other expenses. However, the development is of high importance and cannot be avoided. If business goes well it is a need to keep it going that way. If it goes bad it is necessary to find a solution for the problems. It provides a great help if we think about the development and costs connected to it even during the planning period. For all these projects the revenue can be calculated so this is not an unnecessary waste of money but the basis of the future results. Calculate the costs of each investment and the period of its revenue, the form of it by numbers, black and white. By taking these factors into consideration other decision-making situations will occur.

2. Project proposal sources can be used as one of the most important tools of financing. Please consider that between 2008-2013 a huge number of calls for project proposal are available. These are available for your company, as well. You can find calls for proposal in almost every field (from trainings to purchasing equipment, from research-development to making leaflets) which can make financing an investment much easier. You do not have to be afraid of the complexity and difficulty of projects as with proper help they can be easily carried out.

Browse and choose among the latest calls for proposal then contact us in order that we would be able to help you to successfully complete this complex task without any problem:

working out the idea of the project proposal
creating the project structure
looking for partners and involving them
writing the project proposal
preparing and carrying out the project
preparing the interim and final report of the project

You can find the latest calls for proposals here.

3. The system of training contribution makes it possible for all the employers to use 1.5% of the yearly gross salary of employees as training contribution only for training purposes: in case of big companies it is 33%, while micro- and small companies can use 60% of this amount for training their own staff. So you can decide about this amount which must be paid in any case. Why not develop your own company? This opportunity is available if you order a training course from an accredited training institution. The calculation is based on lessons. According to the act referring to this, the eligible cost per participant and per lesson cannot be more than 12% of the minimum wage of a full-time employee. In 2008 it was 8,280 HUF/person/hour. The minimum number of lessons should be 20 hours. We can offer you training projects and trainings courses by which your colleagues can become more professional.

Have a look at our training offers!

4. Innovation affix is a similar tax category to training contribution and is defined by the law as follows: ’From the yearly gross amount of the affix – for a specific circle and to a certain extent determined by the law – direct costs of the research-development activities carried out by the company for itself can be deducted. In addition, it is also the case if your company uses training services from organisations which are defined in Act 1997. CLVI. 2. § (1) on companies operating in the budget system or belongs to the group of public companies. According to this if your company is not a micro- or small company, you have to pay innovation affix. As legal frames are clear and there is no risk in it you must not miss the opportunity to make use of this source! The extent of the contribution is also important which is according to the law: ’The basis of the contribution is the tax base by the amended Act 1990. C. 39. § (1) on local taxes. This is not else but the amount which is the base of the local business tax. The extent of the affix is 0.3% of the determined tax base. This can give a base for a research-development investment.

More details of the concerned law can be found here!

The legal form of our organisation as well as our colleagues’ experience, qualification and preparedness makes our involvement in research-development projects possible. We will be happy to cooperate with your company using our wide range of competences. For this please have a look at our services!