Member - Australian Society of
Certified Practicing Accountants
Setting your business up with the wrong structure can create a huge tax bill for the future. In determining what business structure best suits your situation consideration needs to be given to the following points:
- Which business structure will protect the business owner’s personal assets?
- Which Business Structure will enable the business owner to pay the minimal amount of tax now & in the Future?
- Which business structure will allow the business owner to get their income after tax into their personal name without having to pay additional tax.
If the choice of your business structure is not determined after carefully considering these points you may encounter capital gains tax & stamp duty issues in the future. We can setup up your Self Managed Super Fund, draft your trust deed and incorporate your company. We will then register your new business for the new tax system and attend to registration for the Goods & Services Tax, Pay as you go withholding and the Fuel excise rebate system. Please contact one of our personalized staff to ensure that you set your business up with the right structure before you commence trading.
"When Adam & I where contemplating starting our own business we looked to the professional expertise of Mark Neaverson & Associates to assist us in setting up our business in the right structure that would protect our family home & minimize our future tax liability.
Mark then assisted me in setting up our accounting system that would enable us to control our cash flow, measure our performance and provide Mark with accurate information to enable him to comply with the legislative nightmare that Government imposes on small business. Mark suggested that we use the MYOB accounting software and sat with me as I learned how to process our cheque butts and record our income against invoices. This was a daunting task for me as I had no prior experience with accounting software. My confidence has increased remarkably and I am now able to produce our accounting records efficiently and effectively. We now use the services of Mark Neaverson & Associates to help interpret what our business results mean and what affect a business decision will have on our bottom line. Mark Neaverson & Associates has become an integral part of our business team."
Mrs Kerri Taylor - A & K Polishing Pty Limited
