Starting and Structuring a New Business

Our Services: For Businesses

Starting and Structuring a New Business

If you’re thinking of starting a business, we can help you understand the rewards and drawbacks of different business structures, provide professional advice on the tax implications of each and what structure will suit your needs now and forecasted into the future.

The four most common types of business structures in Australia are:

  • Sole trader: an individual operating as the sole person legally responsible for all aspects of the business.
  • Company: a legal entity that is separate from its shareholders.
  • Partnership: an association of people or entities running a business together but not as a company.
  • Trust: an entity that holds property or income for the benefit of others.

We can provide with advice on each of these and we draw on our extensive experience assisting many of our clients to set up various business structures over the years.

As your business grows, you may decide to move to a different type of business structure, and we can also assist with this transition and make you aware of obligations for a new type of business structure.

Watch the Choosing your business structure video produced by the Australian Taxation Office for more information or to discuss what structure will work best for you, please get in touch with our friendly team to make an appointment.

Book an appointment in Brisbane

Talk to our friendly team today about all your accounting and business needs.

Our News For Business

COVID-19 Tests for work are tax deductible

COVID-19 Tests for work are tax deductible

Throughout the COVID-19 pandemic we have collectively adapted to a different way of life. Some of the biggest changes we have had to get across have been in the workplace – how  we work, where we work, and when it comes to tax time, what we can and can’t claim. In all...

read more
Superannuation Guarantee Changes from 1 July 2022

Superannuation Guarantee Changes from 1 July 2022

From 1 July 2021, superannuation guarantee changes were to increase incrementally each year to reach 12% by the 1 July 2027 – 30 June 2028 financial year. This means that on 1 July 2022, the SG changes will apply to your business for the 2022-23 financial year,...

read more
Business Chat Webinars

Business Chat Webinars

Stay up to date with our upcoming webinarsIt’s almost tax time! To help get you ready for payroll tax time and to help get your accounts ready for tax, we have a couple of webinars scheduled. Please see details below, and register to join.Year-End Payroll Finalisation...

read more
Sign Up for Our E-NewsKeep up to date with Nexis News

Receive our monthly email newsletter with tax updates from the ATO, tax deadline reminders and our latest blog posts.