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Our Approach to Small Business Advice:

  • Personalised and Pragmatic: We offer tailored advice that is practical and relevant to your specific business, industry, and stage of growth.

  • Holistic Perspective: We look at your business from all angles – financial, operational, and strategic – to provide integrated advice.

  • Proactive and Forward-Looking: We help you anticipate challenges and seize opportunities, rather than just reacting to issues.

  • Accessible and Understandable: We break down complex concepts into clear, actionable steps, using plain language.

  • Long-Term Partnership: We aim to be a trusted advisor who supports your business throughout its entire lifecycle.

 By partnering with us for your small business advice, you gain a dedicated resource committed to helping you build a resilient, profitable, and successful enterprise in Australia.

01.

Business Start-Up & Structure

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  • Business Idea Validation & Feasibility: Helping you assess the viability of your business idea, conduct basic market research, and understand your competitive landscape.

  • Business Structure Selection: Guiding you through the pros and cons of different legal structures in Australia (sole trader, partnership, company, trust) to choose the most appropriate one for tax efficiency, liability protection, and future growth.

  • Registration and Compliance: Assisting with essential registrations such as ABN, business name, company registration (ASIC), and necessary licenses and permits required for your industry and location (e.g., via ABLIS).

  • Director ID Obligations: Advising company directors on the requirement to obtain a Director Identification Number (Director ID) from ASIC.

  • Business Plan Development: Helping you craft a robust business plan, outlining your objectives, strategies, financial projections, and operational roadmap

02.

Financial Management & Growth

  • Cash Flow Management: Providing strategies to monitor and optimise your cash flow, ensuring you have sufficient funds to meet your obligations and invest in growth. This includes forecasting, budgeting, and identifying potential shortfalls.

  • Financial Performance Analysis: Interpreting your financial statements (Profit & Loss, Balance Sheet, Cash Flow Statement) to identify key performance indicators, areas for improvement, and opportunities for growth.

  • Budgeting and Forecasting: Developing realistic budgets and financial forecasts to guide your spending, set financial targets, and make informed decisions.

  • Funding and Finance Advice: Guiding you on various funding options available for small businesses in Australia (e.g., bank loans, lines of credit, government grants, venture capital), and helping you prepare documentation for finance applications.

  • Pricing Strategies: Advising on effective pricing models for your products or services to ensure profitability and competitiveness.

  • Grant and Support Program Identification: Researching and identifying relevant government grants, incentives, and support programs at federal, state (e.g., NSW Business Connect, specific NSW Government grants), and local levels that your business may be eligible for. We can also assist with understanding eligibility criteria and application preparation.

  • Profit Maximisation Strategies: Exploring various avenues to increase your profitability, such as cost reduction, sales growth initiatives, and operational efficiencies

03.

Tax Compliance & Planning

 

  • Understanding Tax Obligations: Clearly explaining your obligations regarding Income Tax, GST, PAYG Withholding, PAYG Instalments, and potentially FBT and Payroll Tax (state-based).

  • BAS and Tax Return Preparation: Assisting with the accurate and timely preparation and lodgement of your Business Activity Statements (BAS) and annual income tax returns.

  • Tax Planning Strategies: Proactive advice to minimise your tax burden legally, including strategies for asset purchases (e.g., $20,000 instant asset write-off until June 30, 2025), depreciation, superannuation contributions, and capital gains tax.

  • Record Keeping: Advising on best practices for maintaining accurate financial records for tax and operational purposes, often recommending appropriate accounting software.

04.

Operational Efficiency & Risk Management

  • Accounting Software Setup & Training: Assisting with the selection, setup, and ongoing support for cloud-based accounting software (e.g., Xero, MYOB, QuickBooks Online) to streamline your bookkeeping and financial reporting.

  • Streamlining Processes: Identifying areas where your business processes can be optimised for greater efficiency and cost savings.

  • Risk Assessment and Mitigation: Helping you identify potential business risks (financial, operational, compliance, cyber security) and develop strategies to mitigate them.

  • Insurance Advice (General Guidance): Providing general guidance on essential business insurances (e.g., public liability, professional indemnity, workers' compensation) and may recommending when to consult with an insurance broker.

05.

Employee Management & Payroll

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  • Employer Obligations: Guiding you on your responsibilities as an employer in Australia, including Fair Work Act compliance, award interpretation, employment contracts, and workplace health and safety.

  • Payroll Setup and Management: Assisting with setting up and managing your payroll processes, ensuring accurate wage calculations, tax withholding (PAYG), and superannuation contributions (including the SG increase to 12% from July 1, 2025).

  • Single Touch Payroll (STP) Compliance: Ensuring you meet all STP Phase 2 reporting requirements for accurate and timely reporting to the ATO.

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