The most common structures that business owners use to establish are individual trading firms; partnership firms; trusts; & private limited companies. We will assist you with picking the right structure that best suits your business needs.

We will need to ensure that your business name is accepted and registered with Australian Securities and Investments Commission (ASIC). This should be done before establishing business cards, letterheads, logos, websites or purchasing a URL.

• you expect to pay more than $7,500 a financial year in rateable remuneration, or
• you have any apprentices or trainees.

This applies even if you’re a small company with only one worker.

We will establish a plan for how you will pay the tax that you will owe each time you lodge your tax return. You can either pay your tax via pre-payments, enter into instalments or put money aside for your tax bill, this will depend on your business requirements

Once your business is established, we will set up your reporting requirements for your business income and other tax information. This is done via Business Activity Statements & Income Tax Return.

Using accounting software saves hours of time compared to handling books manually. It helps reduce the collation of redundant data and increases the accuracy of information required for business reporting needs.

We will help you choose the right accounting software to ensure that you can generate your reports accurately. We are also just a phone call away if you need any assistance with the various features of the software.

The Superannuation Guarantee is a compulsory contribution made by all employers on behalf of each of their eligible employees. The contribution is paid directly to each employee’s nominated super fund, or a default fund on their behalf.

If you run a business that employs staff, then it is likely you will be required to make Superannuation Guarantee contributions.