Starting a business is exciting. However, you may find various registrations and tedious paper work to be no fun at all. Do you want to save time and effort so you can focus on what you are really interested in?
We can HELP:
- Give advice on business structures
- Register business name
- Register an Australian Business Number (ABN)
- Register the Goods and Services Tax (GST)
- Register a Tax File Number (TFN)
- Register Pay As You Go (PAYG Withholding)
- Register a new company
Subject to certain conditions, you do not need to register GST if your current or projected annual GST turnover is less than $75,000 ($150,000 or more for non-profit organisations). As a result, you can offer a more competitive price to your customers and your reporting obligations may also be reduced.
There are a number of structures that you can choose from when establishing your business, primarily Sole Trader, Partnership, Trust, and Company. Each has its advantages and disadvantages. Choosing the right business structure is an important decision, as it will significant impact your future financial position.