START UP
You have an inkling of an idea to do something different to everyone else….
ESTABLISHED
Your business has been running for a few years, and you probably have an accountant on board…
PLANNING FOR RETIREMENT
You’re running a successful business but have your eye on retirement and that…
SELF-MANAGED SUPERANNUATION (SMSF)
So, what’s all this buzz about SMSFs, and are they right for you?
Start-ups
You have an inkling of an idea to do something different to everyone else. You’ve mapped out what it looks like; identified your niche; sorted your client avatar; and got a handle on social media. And then there’s the finances …
I know what it’s like to set up a new business in a competitive industry so let’s move through these steps together to set your processes up right. Then you can take on the world.
SERVICES
- If you’re still in planning stage, let’s look at the financial viability of your business idea with some forecasting – what lies ahead based on your current plans; is your pricing suitable for your market and will it give you the payback you expect; how much do you need to sell to reach your goals and is this viable.
- Once you’re ready to go, let’s look at:
- the best way to structure your business for tax and asset protection, keeping in mind your future growth plans?
- how to structure things if there are other partners/investors coming on board.
- setting up all the government registration requirements, including ABN, TFN, GST and business name.
- what accounting software will suit your stage of business. ps … It doesn’t have to cost a lot, and to what level do you want to deal with bookkeeping. We can consider the costs/benefits of doing yourself vs outsourcing this crucial role. Remember with numbers … rubbish in rubbish out. This is a critical thing to get right from the start.
- what other apps are available to help keep track of things.
- getting the best efficiency out of all your software subscriptions – making sure they all play nicely together.
- making sure you’ve got everything covered if you’re planning to employ staff.
- Introductions to a network of other small businesses to discuss any challenges, tips and ideas.
- And of course, we’ll cover off on the usual tax, accounting and ASIC requirements.