Accounting for new businesses
Starting a new venture is exciting, but we know there’s loads to think about. For new businesses, accounting experts can give you peace of mind that you’re getting compliance right from the very start.
Want to ace compliance from the get-go?
Accounting for new businesses can be pretty overwhelming. There are so many decisions to make before you can even start trading – from choosing a structure and making sure you have the right registrations to lodging your BAS and getting payroll right.
To give your new business its best chance of success, you need a consistent source of info from a new business advisor you can trust. Plus, you need financial models and cash flow forecasts to make data-driven decisions about everything from getting loans to bringing on new partners.
We set brand new businesses up with the right foundations from books to bank accounts, and find software solutions that they can scale up as they grow. As specialists in accounting for new businesses, we're here to help you along your entire path.
Having been in the founder’s seat ourselves, we’ll share valuable insights from more than 25 years’ experience in accounting. And as your new business grows, we’ll be there to expand our services to an outsourced finance function whenever you’re ready.
How we can help
Starting a company in Australia can be complicated if you don’t have a trusted new business advisor on your team. As founders ourselves, we’ll carry out your compliance work and teach you everything you need to know about accounting for new businesses.
Tax planning and financial statements
When setting up a new business for tax, planning is essential. Our new business advisors deliver strategies that take the stress out of tax time (say goodbye to unexpected ATO bills!).
Tax scenarios, estimates and timings- Capital gains tax calculations
- Annual accounts
- Financial statements
- Documents for loans and funding
PAYG and GST for new businesses
You’ll never have to worry about deadlines when we take over your books. We make sure your GST and PAYG are lodged on time and keep you updated about any changes to the ATO’s rules and regulations.
- Business activity statements
- Single touch payroll services for new business
- GST for new business
Payroll services and super
Payroll’s a big job for companies of any size – and getting it wrong isn’t an option. Messing up your payroll can mean extra compliance costs (and some very unhappy employees).
- Timesheets and salaries
- Superannuation contributions
- Award compliance
Budgets and cash flow forecasts for new businesses
Cash is the most important resource for a new business to survive and thrive. Our team will develop new business forecasts and deliver the advice you need to manage cash flow and plan for the future.
- Customised cash flow reports
- Cash flow forecasts for new business
- Budgets for new business
- Timely analysis
Our pricing promise
We’ll give you an accurate quote for new business accounting that’s tailored to what you need right now – no matter the size of your company. As you grow, we can scale alongside you to provide continual support along your journey.
Compliance Focus
There's lots to think about when starting a new business; we make sure you're compliant from the start.
- Set up
- Incorporation of company including structure advice and incorporation documents
- Relevant government registrations inc. TFN, ABN, GST
- Xero set up and basic training
- Compliance
- Expected revenue up to $150k
- Annual tax and financial statements
- Quarterly BAS lodgement
- ASIC management
- Need bookkeeping?
- Outsourcing your finance function gives you complete oversight of your financial position, so you can drive your business decisions with data.
Outsourced Partner
Leave your finances to the experts. We'll free up your time to concentrate on what YOU do best.
- Set up
- Incorporation of company including structure advice and incorporation documents
- Relevant government registrations inc. TFN, ABN, GST
- Xero set up and basic training
- Workcover registration
- Compliance
- Expected revenue up to $500k
- Annual tax and financial statements
- Quarterly BAS lodgement
- ASIC management
- Finance Function
- Up to 50 transactions per month
- Up to 25 supplier invoices per month
- Fortnightly payroll up to 5 employees
- Manage supplier payments
- Need business advice?
- Explore our advisory services >
Outsourced Advisor
Looking for full-service financial management? Access our insights from 25+ years in accounting.
- Set up
- Incorporation of company including structure advice and incorporation documents
- Relevant government registrations inc. TFN, ABN, GST
- Xero set up and basic training
- Workcover registration
- Compliance
- Expected revenue of $1m+
- Annual tax and financial statements
- Quarterly BAS lodgement
- ASIC management
- Finance Function
- Up to 100 transactions per month
- Up to 50 supplier invoices per month
- Fortnightly payroll up to 5 employees
- Manage supplier payments
- Advisory
- Monthly cash flow managment
- Monthly management reporting
- Quarterly finance meetings
- Annual budget management
*All prices include phone and email support for small queries, and exclude GST
Got an amazing idea for a new business?
We’ve compiled a guide with everything you need to know about accounting for new businesses. You’ll learn how to:
- Get your business started
- Choose the right company structure
- Budget for your startup costs
- Stay compliant
- Plus, you’ll get access to our list of the latest tech, tools and apps to help streamline your new business (and make it look great, too).
Want to learn more about accounting for new businesses?
Whether you’re keen to learn more about compliance or be in the know about cash flow, our knowledge hub will help bolster your expertise in all things accounting for new businesses.
If you’re starting a small business in Australia, you’ll need the right support around you. We’ve got the lowdown on who to talk to about starting a company in Australia.
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FAQs
Got an accounting for new business question that we haven’t answered? Give us a call or send an email – we’ll take any excuse to talk about the founder journey.
Do you need an accountant to start a business?
You don’t NEED an accountant to start a new venture, but you’ll be much better off if you do outsource accounting for your new business. Letting a professional manage compliance tasks like GST, registrations and payroll means you’ll spend LESS time worrying about getting it right, and have MORE time to work in the role you do best.
Can an accountant help me start a business?
Yes! For new businesses, an accountant will help get your venture started on the right track. Using a professional means your business is future-proof, and it keeps you from making early mistakes that are hard to fix later on (not to mention, expensive). You don’t know what you don’t know!
Do I need to register my business for tax?
Yes, you need to register your business for tax. For new businesses, accounting services start with registering you for the right taxes to keep your compliance process smooth. You’ll need a tax file number and other registrations to lodge a tax return, no matter the size of your company. You can find our must-do business compliance checklist here.
Where can I get advice on starting a business?
Your success as a new business depends on the people (and professionals) you surround yourself with. You can get advice on starting a business from fellow small business owners, friends and family, an IT whiz, lawyers – and of course, a great accountant. We’ve developed the ultimate resource guide to tell you everything you need to know about accounting for new businesses in their first year.
Get in touch
We love to learn about what makes founders tick, and we’re keen to hear about your new business journey. Call us, send an email, or book a time to chat accounting for new businesses.
