Services for New Businesses
Starting a new business is an exciting milestone, but it comes with many decisions and challenges. From choosing the right business structure to understanding your financial obligations, setting up systems, and ensuring compliance, it’s essential to start with a strong foundation. At Prespa Consultancy, we specialise in supporting new business owners, providing expert advice, practical solutions, and ongoing guidance to help you launch and grow your business with confidence.
We know every business is unique, so we tailor our services to meet your specific needs, helping you navigate the complexities of business ownership and equipping you with the tools and knowledge for success.
How We Help New Businesses:
Business Structure Setup
Choosing the right structure for your business is crucial to your financial and operational success. We’ll explain the benefits and implications of different structures—whether it’s a sole trader, partnership, company, or trust—and set up the one that aligns with your goals, minimises tax liability, and protects your assets.
ATO Registrations
Setting up your business involves several registrations, including ABN, TFN, GST, and PAYG withholding. We’ll handle these on your behalf, ensuring everything is set up correctly and efficiently, so you can focus on getting your business off the ground.
Xero Setup and Training
Managing your finances is simpler with the right tools. We’ll set up Xero, a leading cloud-based accounting platform, customised to your business needs. Our training will give you the confidence to use Xero effectively, from creating invoices and tracking expenses to monitoring cash flow and generating reports.
Bookkeeping Support
Good bookkeeping practices are vital for maintaining financial clarity. We’ll help you establish efficient systems to manage your transactions, reconcile accounts, and keep your records compliant and organised, ensuring you’re always prepared for tax time.
Business Plan and Budget Development
A clear business plan and realistic financial budget are essential for staying on track and securing funding if needed. We’ll work with you to create a roadmap that outlines your goals, strategies, and financial projections, setting you up for long-term success.
Compliance Guidance
Understanding your tax and compliance obligations is critical for avoiding penalties. We’ll guide you through key requirements, such as tax lodgements, GST reporting, and ASIC filings, ensuring your business remains compliant from day one.
Payroll and Employee Setup
If you’re hiring staff, we’ll assist with setting up payroll systems and ensuring compliance with superannuation, PAYG withholding, and other legal obligations. Our goal is to make managing your team’s pay and entitlements seamless and hassle-free.
Ongoing Support and Advice
Our partnership doesn’t end with the setup. We provide continuous support as your business evolves, offering advice on tax planning, financial management, and growth strategies. You’ll have access to experienced advisors who can help you navigate challenges and capitalise on opportunities.
Benefits:
Our comprehensive setup services ensure your business starts on the right foot, from selecting the ideal structure to establishing systems that promote efficiency and compliance.
We handle complex tasks like ATO registrations, compliance requirements, and payroll setup, saving you time and allowing you to focus on building your business.
With tools like Xero and strong bookkeeping practices, we help you maintain clear and organised financial records, empowering you to make informed decisions with confidence.
Through customised business plans and budgets, we help you set achievable goals and create a roadmap for sustainable growth and long-term success.
Our compliance guidance ensures your business meets all regulatory obligations, reducing the risk of fines and penalties while keeping your operations smooth and stress-free.
As your business evolves, we’re here to support you every step of the way with practical advice, financial planning, and strategies for growth, ensuring your venture thrives.
Let us help you build your business on a solid foundation. Contact us today to discuss how our tailored services can support your new venture and ensure a successful start.
Insights
- Reminder – Superannuation Payment Due January 28 2022 18/01/2022
- Summer 2021 17/12/2021
- New Director Identification Requirements 03/12/2021
- Warning 23/11/2021
- Stapled superannuation funds 27/10/2021
