Starting Your Business

 

Starting your own business can be an exciting endeavour, though it isn't all fun and games. Along with the exciting parts, can come daunting tasks regarding compliance with respect to GST, PAYG Withholding, PAYG Installments, Workers Compensation and Superannuation Guarantee Contributions. Here at Kerslake Gray, we aim to make things easier for you, by informing and advising you so that you are able to comply with these requirements without disturbing your main business focus.

Our team of accountants take a hands on approach to their work, are happy to work with you as your circumstances require.

We are able to assist you with your applications for: Business Name Registration, an Australian Business Number (ABN), a Tax File Number (TFN) and various other registrations such as Pay As You Go (PAYG) Withholding and GST registration. We can also guide you through Superannuation Guarantee (SG) Contributions regulations.

At the initial planning stages of your business the question of 'which business structure?' often arises. Issues surrounding protection of your personal assets, tax minimisation (including capital gains tax and the impact of the small business capital gains tax concessions) and simplicity of administration are dependant on the type of business structure utilised.

The next stage of implementing your new business is to determine an appropriate record keeping and bookkeeping system. This problem usually is dependant upon your level of IT competency and your personal approach to maintaining bookkeeping and paperwork. We will help you to arrive at a system suited to your personal business. We can set you up with a simple spreadsheet, or at a different level; MYOB, Quickbooks, Xero, or if you prefer, something as simple as the use of coded bank statements.

If you are interested in starting your own business, or would like some more information, please do no hesitate to contact us and we will supply you with some more details. Call us on (02) 4751 4091 or leave your name, a contact number and email address in the form at the bottom of the Contact Us page and we'll get back to you as soon as we can.