When we first meet with budding entrepreneurs, we generally investigate as to whether they’ve given proper consideration as to the issues that they’ll confront as a newly formed business. To that end, we cover-off the following issues in terms of providing the right advice tailored to the situation at hand:-
- Are you actually going to be considered a business?
- What legal structure is best for your business enterprise?
- Will you require a Tax File Number?
- Will you require an Australian Business Number?
- Will you have to register for GST?
- How GST works and the reporting requirements and obligations?
- Should you register for Fuel Tax Credits?
- Record keeping
- Employee obligations including tax, superannuation and FBT
- Dealing with The Tax Office and other statutory bodies
- Managing cash flow
Before you embark on starting your business, phone us on (03) 9622 0600 or click here to arrange a free meeting with one of our experienced Partners – it could very well save you a lot heartache and money later on down the track
