New Business Setup

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New Business Setup

We can help with your new business setup

Have you just set up a new business and are not sure what you should do be doing? Where do you start? Let us help you.

We can assist with:

  • Getting ready for Single Touch Payroll (STP)
  • Registering a Business Name
  • Registering for GST
  • Registering as an employer if you are going to take on employees
  • Setting up employees correctly from the beginning and being Fair Work compliant
  • Business Fundamentals – Balance Sheet & Profit & Loss – what are they are and why are they important
  • Cash Flow – the most important factor in any small busines
  • Accounting Software – Get setup from the beginning – Xero is our preferred accounting software.1319081277NLc27t
  • Paperwork – what to keep and where do you keep it
  • All of your bookkeeping or some of your bookkeeping, whatever you need.
  • Debt collection procedures and what you should be doing and not doing to keep on top of your debtors.
  • Understanding statements from suppliers and the importance of reconciling them on a monthly basis..
  • Understanding bank reconciliations and the reasons why they are so important to be completed on a regular basis.
  • Putting aside funds for the ATO on a regular basis
  • Preparing and lodging your monthly or quarterly Business Activity Statement
  • Finding a good, interactive new Accountant

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