Business Set Up
It is important to have the right business set up since the start of operation. Many business start small as a sole trader operation, even though its seems to be a rational choice to have a sole trader structure due to the low cost to set it up, they are also ignoring the risk associated with this structure.
At ALLTAX, we have trained professionals specialized on this ACCOUNTING area. We assist our clients:
Before they start a business to:
- Find Advice and support
- Plan the business
- Obtain the finance
- Structure the business
When they start a business to ensure all the procedures below are well-prepared:
- Register ABN, GST, TFN, PAYG or other business registrations
- Register business name
- Have adequate protection for intellectual property
- Understand if they consider running a home-based business
- Understand taxation obligations
- Understand legal requirements
- Set up record keeping and accounting systems
- Arrange insurance
- Know how to employ people
- Apply for grants or financial assistance
- Know how to do business online
On the BUSINESS SET UP, we always aim to develop a tax effective structure to our client suitable to its business needs, .i.e. some clients aims business growth, others asset protection and tax effectiveness.
We will develop a structure that will meet your business goals, and save you on paying big chunk of taxes in the future and even make it easier to pass it on the business to other family members, new partners or investors.
Never underestimate your business structure, it might be one of the most important decision that you might have to do on your business life, so CONTACT US HERE for a FREE APPRAISAL on your business structure and see how we can help you to improve it.
