For Business · Set-up
Start-up Services
Registrations, software and a compliance calendar, done in the first fortnight so you can spend the rest of the year on the business.
Overview
Start with the admin already handled
New businesses lose more money to bad set-up than to bad luck. An ABN registered against the wrong entity, GST registered late once you pass $75,000, a chart of accounts that cannot produce a useful report, no record of which deadline falls when. Each one is cheap to prevent and expensive to unwind twelve months later.
We get you registered against the right entity, choose and configure the accounting software, build a chart of accounts that reports the way you will actually manage the business, and hand you a calendar of every date you owe something to the ATO for the next twelve months.
How we help
- 01
ABN, TFN, GST and PAYG registrations
Registered against the correct entity, with GST and PAYG withholding turned on only when you actually need them.
- 02
Software selection and chart of accounts
Xero, MYOB or QuickBooks chosen on how you trade, then configured so your reports mean something.
- 03
First-year compliance calendar
Every BAS, super, payroll and lodgement date for the next twelve months, in one document.
- 04
Funding-ready forecasts
A twelve-month profit and cash forecast in the format lenders and investors expect to see.
- 05
R&D tax incentive eligibility check
A short assessment of whether your development work qualifies, and what records you need from day one.
Resources
Key figures and dates
- $75,000
- GST registration threshold
- First quarter
- When your first BAS falls due
- same day to two business days
- Company registration
- 12%
- Super guarantee rate
You must register for GST within 21 days of expecting to pass $75,000 in a twelve-month period. Your first BAS covers the quarter in which you register. The R&D tax offset is refundable for companies with aggregated turnover under $20 million.
Starting something this quarter?
Talk to us before you register anything. Fixing a structure later costs more than getting it right now.
FAQ
Start-up questions
Only once your turnover reaches $75,000 in a twelve-month period, or if you drive for a rideshare service. Registering early lets you claim input tax credits on set-up costs, but it also commits you to lodging a BAS every quarter. We work out which suits you.
If you are testing an idea with low risk and modest income, a sole trader ABN is fine and cheap. If you are signing contracts, hiring, taking on premises, or expect to earn above your marginal rate, start in a company or trust rather than restructure in year two.
We are certified on Xero, MYOB and QuickBooks and have no preference beyond fit. The choice usually comes down to how you invoice, whether you carry inventory, how many staff you pay, and which industry apps you need to connect.
If you operate through a company or trust and pay yourself a wage, super guarantee applies at 12% like any other employee. Sole traders are not obliged to pay themselves super, but personal contributions may still be deductible.
Every tax invoice, receipt, bank statement and payroll record, kept for five years. Keeping them in your accounting software as you go costs nothing. Reconstructing them at year-end costs a great deal.
Speak to an accountant
Free 30-minute consultation.
No obligation. We’ll review where you are and tell you what we’d do.
+61 451 114 862Book a consultationThis page is general information only. It does not take your circumstances into account. Speak to a registered tax agent before acting on anything here.
Related services
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