Wednesday, March 9, 2011

New Business Start Up

Are you starting a business?

We know it can be hard to know everything involved in starting a new business. At 123 Business Partners we spealise in New Business Start Up and offer a range of packages to take the stress off you knowing your in the hands of a professional. Book in for a consultation with us today for only $150 + GST. Here is what we will cover in your consultation.

Choosing a Business Structure
  • Sole Trader
  • Partnership
  • Trust
  • Company

Registrations and licenses

  • ABN
  • TFN
  • GST
  • PAYG Withholding
  • Business name registration

Record keeping

  • Income and sales records
  • Expense or purchase records
  • Computer software options
  • Good filing system
  • Seperate business and private expenses
  • Reconciling your accounts

PAYG Installments

  • Tax Rates
  • Budgeting to pay your tax

Deductions

  • Motor Vehicle expenses
  • Apportioning personal usage

Capital Purchases

  • What is capital purchases?

GST

  • How GST works
  • Different types of GST
    - Taxable sales
    - GST Free sales
    - Input taxed sales

Employing staff

  • PAYG Withholding
  • Superannuation guarantee
  • Workcover Insurance

Appropriate Insurances

  • Public Liability
  • Professional indemnity
  • Content Insurance
  • Other insurances

Budgeting and Cash flow

  • Looking at suitable budgets and cash flow

Top 7 Reasons why businesses fail

  1. You start your business for the worng reasons
  2. Poor time management
  3. Insufficent Capital
  4. Location, Location, Location
  5. Lack of Planning
  6. Over expansion
  7. No Website

Dont let your business become another statistic, talk to a professional and do it thr right way for success!

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