Business Startup Advice

Experienced Startup Accountants - Advice For Your Next Venture

Thinking of turning your idea into reality and need great advice from experienced startup accountants?
Setting up a business can be exciting yet quite a scary and challenging task. Some several considerations and steps need to be undertaken before your business can get up and running. Being aware of and carefully considering what is involved and all your obligations is critical before you start, as this can save you a lot of effort, time, and most importantly, money.

Business Structure Considerations

It is very important that you choose the correct business structure that suits your situation. This will determine the way in which your business will be run and managed, including providing other benefits such as personal asset protection and tax minimisation. The business structure can be a partnership, company, trust or a sole trader. It is possible to change a structure once the business has commenced trading, the process of ending one and establishing a new structure is often quite onerous, tedious, time-consuming, and costly.

Business Startup Accounting Services

At BBAS Accounting Services, we deliver end-to-end business startup accounting services for small and medium businesses, as well as corporate organisations. Our team work with start-up businesses in a variety of industries and assist them with:

  • Product analysis and concept viability scoping.
  • Business Planning.
  • Choosing entity structure (a company, trust, sole trader etc.).
  • Picking a business type (eg. a franchise, online business or independent contractor).
  • Registering the structure, including business names with ASIC.
  • Applying for a Tax File Number (TFN) or Australian Business Number (ABN).
  • Tax registration (Goods and Services Tax (GST), Pay as You Go (PAYG), Fringe Benefits Tax (FBT).
  • Registering a website (domain) name.
  • Identify appropriate funding sources.
  • Registering for any industry licences applicable to your business.
  • Implementing cloud-based reporting systems.

Our team always has your best interested in mind with every task that we do for you. Our processes are automated and have been refined over many years. This means that we will efficiently and competently complete the entire business set-up process, in the shortest possible time, ensuring that each step is done correctly and thoroughly. You can feel confident that everything will be taken care of, including the smaller things like organising the opening of any bank accounts.

What We Can Offer A Business Startup Package

As a full-service accounting firm in Brisbane, we can look after all of your end-to-end business and accounting needs, no matter what niche or where your business is located. Our ever-increasing client base relies on our team to assist them with service like:

We also assist clients by putting them in touch with our prequalified insurers, superannuation firms, finance companies, lawyers, e-commerce and marketing consultants, and so on. Our referrals are free from conflict (meaning that we don’t receive commissions from them), so you can rest assured that you always being put in touch with the best service for your needs.

Business Startup Advice - Your Buyers Advocate

We can also use our experience as business accountants to act as your buyer’s advocates. This is particularly valuable if you are buying an existing business or seeking to buy into a franchise system. It is a great idea to have a business-savvy representative working on your side, performing due diligence and potentially negotiating the purchase on your behalf.

Looking For Companies That Help Startup Businesses

If you’re looking for companies that help startup businesses, then BBAS Accounting Services has you covered. Here at BBAS, we have provided business startup services to clients throughout Brisbane for more than 13 years. If you feel that the process could be overwhelming, or you simply don’t have the time to the due diligence that is required, our experienced team is here to help you.

Contact us today for a confidential discussion by calling (07) 3886 1652 or complete the online form below and we will contact you.

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