Business Start - up & Business Structures
Starting out in business can be very daunting when you realise the amount of paper work and obligations that are required. The first 2 years of a new business venture is vital for its long term success and I can offer advice and assistance to help you to avoid to pitfalls encountered by a new business. I can advise on the appropriate structure for your new business be it sole trader, partnership, company or trust. An analysis of your business, asset protection and income distribution requirements will reveal the best structure. Once the best structure is determined I can then set up the necessary structure for you, with the necessary registrations such as ABN, GST, TFN & ACN. Also for a Company I provide a company constitution, ASIC registration and for trusts the required trust deeds.
Taxation advice and preparation & lodgment of all kinds of tax returns for individuals and businesses. As a registered tax agent I have Australian Taxation Office (ATO) due date concessions & am able to lodge returns electronically directly to the ATO. I can advise on what income needs to be declared and what is and isn’t tax deductible to make sure you are receiving your maximum entitlements whilst ensuring all your obligations are met. As a tax agent I am in position to liase with the ATO on my clients’ behalf to achieve the correct result and save the client time and stress.
BAS – GST, Tax Instalments, Tax Withholding
Be it monthly, quarterly or annual, I can assist with the efficient preparation & lodgment of your Business Activity Statements. I can assist in keeping you up to date and knowing what can be claimed and what obligations must be fulfilled. Staying on top of Business Activity Statements is vital for the continuance of the business along with its cash flow and good standing in the eyes of the ATO. However you keep you records doesn’t matter as I will assist you to collate the information and submit it appropriately.
Bookkeeping is an essential part of record keeping for business and it’s important to get it right. If you have questions such as, what method of bookkeeping should I choose? or which account should a transaction go to? I can help. I believe it is of great benefit to have your accountant involved in the bookkeeping process as it can save time and money when it comes to taxation and compliance costs. I understand that there is not one bookkeeping method to suit all businesses and I think that a business should implement what works best for them be it, computer or paper based.
Businesses require accurate & timely information in order to make the best decisions for their future prosperity. If you are considering an asset purchase or business expansion a careful analysis can save a lot of time and money and enable your business to maximise its resources. Also in day to day business questions pop up to do with wages, record keeping obligations, GST and I like to think that I am very accessible to my clients to answer these queries. Corporate services such as dealing with ASIC and other regulatory bodies is something else that I can assist with. The preparation of business financial statements such as Profit & Loss, Balance Sheet & Asset Registers provide clients with information to make sound decisions whilst also supporting bank reviews and finance applications.