Starting a new business is an exciting venture, and getting the foundations right from the outset is critical for future success. Our advisory services guide you through every step of the new business setup process, ensuring you’re compliant, efficient, and well-positioned for growth.
WhyEverest Tax?
Business Name & Entity Registration
Comprehensive assistance with registering your business name, applying for your Australian Business Number (ABN), and Australian Company Number (ACN) if incorporating a company.
Initial Financial System Setup
Advice and assistance in setting up your initial record-keeping systems, selecting appropriate accounting software (e.g., Xero, MYOB, QuickBooks), and establishing a robust financial framework.
Optimal Business Structure Advice
Expert guidance on choosing the most suitable legal structure for your business (e.g., sole trader, partnership, company, trust, self-managed super fund) based on your specific goals, liability considerations, and long-term tax implications.
Compliance Roadmapping
Providing a clear roadmap of your ongoing tax and reporting obligations, helping you understand key deadlines and requirements from day one.
ATO Registrations (GST, PAYG, FBT)
Facilitating all necessary registrations with the ATO for Goods and Services Tax (GST), Pay As You Go (PAYG) withholding, and Fringe Benefits Tax (FBT) as required by your business activities.
Transparent & Fair Pricing
Clear, upfront fees with no hidden costs. Excellent value for expert, comprehensive tax services.
Frequently Asked QuestionFAQs
What's the best business structure for my new venture (e.g., sole trader, company, trust)?
The ‘best’ structure depends on your specific goals, liability concerns, and anticipated income. We’ll discuss these factors with you during a consultation to recommend the most tax-efficient and appropriate structure for your situation.
How long does it take to register a new business and get an ABN?
Registering a business name and obtaining an ABN can often be done quickly, sometimes within a few business days, once all necessary information is provided. Company registrations can take slightly longer. We streamline the process for you.
Do I need to register for GST straight away?
You must register for GST if your business has a GST turnover of $75,000 or more (or $150,000 for non-profit organisations). You can choose to register voluntarily if your turnover is below this threshold, which can have benefits depending on your business.