Business Accounting and Company Formation Springwood
A good business structure is like laying the foundations for a new house, in that it needs to be strong, reliable and to a professional grade. If it is set up incorrectly, it may damage the whole structure and lead to issues down the track. Your business structure influences different factors, such as licensing, tax payable, reporting and personal liabilities. Our Company Formation Springwood team can help you to choose the right business structure for you, complete the initial set-up processes and manage your ongoing tax obligations.
There are four main business structure types: sole trader, company, partnership and trust. When choosing a structure, it is important to select the type that best suits your business and understand the advantages and disadvantages for each.
The business structure can determine:
- Licenses required
- How much tax you pay
- Whether you’re considered an employee, or the owner of the business
- Your potential personal liability
- How much control you have over the business
- Ongoing costs and reporting obligations
However, you can change the structure type as your business grows, to better accommodate changes and expansions.
Whether you’re new to business or need to restructure, our expert Business Tax Accountants can assist in safeguarding your business and ensure that you get your business off to the right start. We can help you with registering the business with ASIC and setting up the tax requirements with the ATO, plus understanding GST and business planning.
Our Company Formation Springwood services include:
New Business Set-Up:
- Initial Documentation
- ABN Registration
- GST Registration
- Business Structuring
- Business Planning
- Tax Compliance
- BAS and GST Returns
- FBT and CGT
- Profit and Loss Statements
- Cash-flow and Budgeting
- Payroll and Superannuation
- Customised Reports
- Bookkeeping Support and Software
Learn more about our Springwood office, including our Business Tax, Accounting and Bookkeeping services.
For more information or to schedule an appointment, please contact us below or call us on 07 8759 4388
Source: Australia Taxation Office (ATO)