Starting a new business is always challenging. Sometimes new businesses have great ideas and an amazingly passionate team behind them, but they lack the understanding of accounting and taxation issues. Therefore, even with great resources, these new businesses lack execution. A new business is more than just an idea and the willingness to distribute goods and services. There are a lot of technical matters that need to be handled before a business can start operating in New South Wales. Here at Ample Accounting, our expert Bankstown team has helped hundreds of New businesses consultation with all these technical things. We can help you navigate the following:
Business Name Registration
If you want to open a new business, you must register your business name with the government. The process can be confusing for people who aren’t familiar with the process, but Ample Accounting has been doing this for a long time so we will get your business registered in no time!
ABN, TFN, GST, PAYG
Ample accounting can assist you with registering for your Australian Business Number. Once you get you Australian Business Number, you keep it for as long as your business is active, so it is pretty important. We can also help you file for a Tax File Number (TFN). Similar to your ABN, your TFN is a number that you keep forever as well. Ample Accounting can also assist you with sorting out your GST (goods and services tax) issues. We can help you with your PAYG (Pay As You Go) tax arrangements too.
Business Structure and Formation
Planning a business can be a challenging task. It is absolutely vital to get the business structure, formation and setup perfectly right at the very beginning so that financial transactions can be dealt with swiftly and efficiently if they arise later. Feel free to consult Ample Accounting I regards to your new business’ structure, formation and setup. Our experienced Bankstown team will be more than happy to help you out.