Business Startup

Starting a new business is a gamble, and we can help you reduce that uncertainty of failure. Reliance Accounting’s experienced team of approachable tax and accounting professionals will assist you in your small business start-up. There are many pivotal aspects of starting a new business; stress and indecision are common among new business owners. The team of reliance Accounting will guide you with understanding your tax obligations, compliance of financial reporting, important aspects of budgeting, and will provide you the practical advice on business and financial success.

Critical Business topics covered by our experts are as follow:

• How to register your business and get an ABN

• How and when to register for GST

• How to register for PAYG

• How to determine what type of business it will be; sole trader, company…

• Best practice for preparing Business Activity Statements (BAS)

• Determining your business’s tax obligations

• Strategies to minimise taxes

• Outline how to manage your accounts and record keeping

• How to protect your assets in case things don’t go as planned

• How to organise your payroll and super obligations