Small Business
Almost all large businesses commenced at some time as a small business. Small Business is generally defined in Australia as being a business with turnover less than $2million. Small businesses receive tax concessions not available to other businesses. This includes:
- The ability to report on a cash basis rather than complex accrual methods
- Attractive depreciation deductions
- Generous capital gains tax concessions for later disposal of the business.
Small business client generally require guidance and advice from time to time on minor matters which they consider important. We welcome your enquiries at all times.
When starting or buying a business or franchise, the wrong advice can be very costly.
There are numerous issues to consider and we endeavour to make sure all our business clients are structured correctly for taxation purposes taking into account financial and legal considerations.
Managing a SMALL BUSINESS
- Correct structure - Sole trader, Partnership, Trust or Company.
- Correct Registrations - Income Tax, ABN, GST, Pay As You Go Withholding, FBT etc
- Correct Insurances - Workers Compensation, Public Liability & other
- Business Name - Registration of any trading names other than company name
- Review of Tax Issues - Any tax issues specific to your business.
- Employment issues
- Bookkeeping & records
- Lodgement support
- Annual Reporting and Tax
Starting/Selling-
- Business structuring
- Valuing a business
- Review of your existing business structure
- Finance requirements
- Registrations
- Software Selection
Businesses Financial Options
- Planning equipment/vehicle purchases
- Government assistance, subsidies and grants, including R & D grants, export incentives etc.
- Re-financing
- We can refer you to specialists in dealing with creditors, business reconstructions and voluntary administrations
- We have a network of specialist advisors who can assist in all related tax and financial matters.