Business Advice for the Nerang Area

Starting a business is a big decision, but keeping on track is even harder! Careful research and planning are needed well before you start trading. To ensure you get it right the first time, take advantage of our free initial half-hour consultation with one of our business advisors. 

Starting a business is a big decision, but keeping on track is even harder! Careful research and planning are needed well before you start trading. To ensure you get it right the first time, take advantage of our free initial half-hour consultation with one of our business advisors.

Aspects to consider include:

Goal setting – Have a goal from the very beginning and use this goal to drive your decisions.

Business type – What type of business are you going to be operating? A design structure should then be made to suit that business type.

Business structure – The many types include sole trader, partnership, company, or trust. Choosing your business structure is an important decision, so you need to investigate each option carefully as there are advantages and disadvantages to consider for each. We can talk you through the benefits for your business and which structure may suit you best.

Business branding  – Choosing the right name will help ensure you are creating the right image for your business. This will also make sure you are distinguished and stand out from your competitors. Before deciding on your name, we can familiarise you with the different registration requirements. The name under which your business trades, needs to be registered before you commence trading. This should be done when setting up the chosen business structure so that all the registrations correspond with government departments.

Location – Where will you operate your business? You'll need to think about the premises from which you're going to run your business. You may choose to start small within a budget and then plan for expansion according to your business plan.

Record keeping – You will need to find the most effective and appropriate billing, paying, and record-keeping system for your business. We can show you some great programs and systems that efficiently record all transactions in your business in a tax-friendly manner.

Employer obligations – It is essential you know what your tax and superannuation obligations are from an early stage. You may need to register for a range of obligations, such as goods and services tax and PAYG. We can discuss your requirements of quarterly reporting for your business.

Simpson & Winslow is your one-stop shop for a business setup. We have access to financial planners and business and HR specialists for employment agreements. You can trust our experts in a range of services including:

• Company setup
• Trust setup
• Partnership agreements
• Software setup and recommendations
• ATO registrations including TFN, ABN, GST, PAYG 
• Business name registration with ASIC
• Staff superannuation obligations
• Staff payroll obligations
• Equipment financing
• Business loan solutions
• Budgeting for your business