Business start up
Starting a business in Australia involves navigating several key requirements to ensure compliance and smooth operations. Our expert team is here to guide you through each step, ensuring you have everything you need to get your business off to a strong start. Here are the essential items you’ll need:
Australian Business Number (ABN): An ABN is a unique identifier for your business, essential for dealing with the Australian Taxation Office (ATO) and other government agencies. It’s your first step in establishing your business identity.
Tax File Number (TFN): Every business in Australia needs a TFN. Whether you’re operating as a sole trader, partnership, or company, a TFN is necessary for managing your business taxes and lodging tax returns.
Goods and Services Tax (GST) Registration: If your business has a turnover of $75,000 or more, you must register for GST. This allows you to collect GST on behalf of the government and claim GST credits for your business expenses.
Business Name Registration: Registering your business name is crucial for establishing your brand. It distinguishes your business from others and is required if you’re operating under a name other than your own.
Licenses and Permits: Depending on your industry, you may need specific licenses and permits to operate legally. We help you identify and obtain the necessary approvals to ensure your business complies with all regulations.
Setting up a business in Australia requires careful planning and compliance with various regulations. Let us assist you in navigating these requirements to lay a solid foundation for your business success.
JUST WANT TO HAVE A CHAT?
Not sure what you need? We can help. We offer a free assessment service with a range of recommendations about how to streamline and improve your financial management.
We’ll review your accounts and current systems, discuss your business goals with you, and advise how iKeep can support you.