Starting up your business requires careful planning, research and good business & tax advice.
We can not only provide you with the correct advice when you start your business, but be there with you to assist at every step of your business journey, and provide you with the tools to manage your business.
We can help you with all of the important things you need:
ATO: what the ATO considers a business and what your business and employer obligations are (eg ABN\GST\PAYG registrations)
ASIC: what is company registration and how to register business names correctly.
RECORDS: what records to keep and how to keep them for both tax and business purposes.
FINANCIAL: how cashflow and profit affects your business, so that the business not only provides adequate monies for the owners, but to pay its debts when they fall due.
EMPLOYEE ENTITLEMENTS: the relevant pay award for your industry and employees entitlements (eg super, leave, tax, overtime and allowances, productivity incentives, local, state & federal work legislation, contracts)
INSURANCE: what insurances you may need to protect your business and personal assets and employees (eg workers compensation, public liability, products, professional indemnity, business equipment\premises insurance, income protection insurance etc)
FINANCE: how you will fund the purchase of stock, equipment, suppliers, vehicles, (eg personal capital injection, lease, loan, chattel mortgage, hire purchase, rent etc)
BUSINESS STRUCTURE: what is the right business structure (eg Company, Trust, Partnership, Soletrader) and what documents are required to establish the legal entity (eg deeds, contracts, agreements, minutes)
BUSINESS PLAN: "if you fail to plan, you plan to fail". What, when & how you need to establish & grow your business so it will succeed. (eg cash requirements, staffing, equipment, marketing, SWOT, business premises)
BUSINESS COACHING: mentoring and accountability to implement your business plan and monitor your business cycle.
Duration 5m:27s. Transcript of ATO's Video "Tax basics for small business" is also available.
This video is an overview of tax and super obligations that may arise when starting and running a small business.