Business Ideas That Work!
We will assess your needs and requirements for your specific business structure, with regards to your Asset Protection, Minimalizing Tax, your Family Situation, Growth and Succession Planning needs. We can help guide you through every step of the formulation and management of your structure, as well as all related compliance matters.
Tax Structures
There are four main business structures commonly used by businesses in Australia:
- sole trader
- partnership
- company
- trust
To determine which is right for your business depends on numerous factors & is the most important decision to make when operating a business. Whichever structure is determined to work for you, we will help set it up correctly & assist you to understand the responsibilities that go with it. We believe in making things as simple as possible for you.
Trusts
We can assist you to set up a Trust structure including assistance with completion and lodgement of required forms and ongoing compliance
Australian Business Number (ABN)
An ABN is needed to conduct business in Australia. In order to receive an ABN you need to meet certain criteria. For sole traders and contractors this can be problematic if you do not meet certain criteria. We can work through this with you and apply for an ABN on your behalf.
Goods & Services Tax (GST)
GST needs to be considered when applying for an ABN. Our expert accountants will assess your obligations in this respect and identify whether you need to register or should voluntarily register for GST. If you are GST registered, we can assess your specific circumstances and complete your Business Activity Statements (BAS).
Business Activity Statements (BAS)
We have the ability and staff to compile and lodge your BAS; alternatively we can provide you with resources to complete this yourself. Review of your tax situation and identifying planning opportunities are vital to ensure good cashflow management for your business.
Want to know more?
Give us a call on 07 3211 5522 or send an email to reception@absolutebusiness.com.au