When you’re starting a new business, regardless of your size or the sector you plan to operate in it is vital to ensure that you have the appropriate legal and accounting structures in place right from the start.
Clear Tax has a well established reputation as a business accountant Melbourne startups can rely on to provide high quality accounting and financial services that will get your new enterprise up and running. Our financial planning specialists work with you to put appropriate structures in place that give you the freedom and peace of mind to focus on day-to-day operations, so vital in any start up business.
We can also advise and support you if you are acquiring an existing business, or you want to restructure your current operations better to maximise efficiencies and profits. As part of this process, we always look at the full range of appropriate tax minimisation strategies that might be available to you as result of any legal or accounting restructuring.
There can be a lot to think about when you’re setting up a new business, so it’s important to have impartial, professional advice that you can trust so that you understand your rights, obligations and duties.
Clear Tax provides a wide range of financial planning services specifically for Melbourne startups and emerging enterprises that will ensure you have appropriate legal protections in place, and that you are compliant with all relevant state and federal legislation. This can include managing government registrations and preparing company documentation on your behalf.
As part of this process, we will also assist you in understanding your overall financial position from the outset, so that you are best able to use your resources in order to grow and take advantage of new opportunities.
Having a tailored business structure in place is also important, not least for the fact that if you find you need to restructure down the road, it can have significant implications in terms of capital gains tax, stamp duty, and advisory costs.
Furthermore, how your business is set up will likely impact how much tax you pay, your potential personal liability, and the degree to which your personal assets are protected, so having the appropriate structure in place for you specific circumstances is essential.
When you are first starting out in a new venture, it can be challenging to have a clear strategic plan in place as to how you expect the business to operate and grow.
The CPAs at Clear Tax will work with you in the initial stages of your startup to help you answer the fundamental questions that need to be a part of any business plan. For instance, together we will explore the potential markets for your product or service, as well as the envisaged customer base and competitors in your sector or industry.
This information will enable you to have a clearer picture of any additional start up funding that may be required, as well as assisting you to draw up business and financial objectives and goals for the short, medium, and long term.