NEW BUSINESS
Starting a new business can be daunting and just knowing where to start can be hard.
An initial chat with me is complimentary and will hopefully answer a lot of your questions and put you on the right path.
The Qld Government has a great site with lots of useful information that you should take a look at before entering into business.
https://www.business.qld.gov.au/
What industry are you going into?
What are the specific Government rules/requirements of that industry?
What structure will you use?
What registrations will you need? Tax File Number (TFN), Australian Business Number (ABN), GST, FBT, Fuel Tax Credits?
How will you keep you books?
Who will keep the books?
What are Income, Expenses, Assets, Liabilities and Equity?
Do you understand your reporting requirements? BAS, TAX, PAYG Summaries?
How are you funding/financing the business?
What is your Break-Even Point?
Have you done a Business Plan? Cashflows?
What insurances do you have/will you need?
Will you employee staff?
What are your obligations with respect of staff?
The list goes on.