New Businesses - NexGen Business & Tax Services Chartered Accountants

Questions? Call us: 0416 048 178

Unlock Your Entrepreneurial Potential

Are you considering starting your own business?

We’re here to support you every step of the way. Whether you’re filled with excitement or facing challenges, we provide the knowledge and guidance you need to make informed decisions and set your business on the right path.

Remember, even the largest companies started small. Don’t hesitate to begin your journey, even if it starts as a side hustle. Below, we outline key steps and considerations to help you start and grow your business.

FREE CONSULTATION

Take the first step towards success. Get a free consultation by filling out the form and find out how we can assist you.

Our Approach to Business Success

We offer a comprehensive suite of services designed to guide you through every stage of your business journey. From initial planning to launch and beyond, our team is here to provide expert advice and support.

Seek Expert Advice and Develop a Business Plan

Start your business journey with a strong foundation. We help you craft a detailed business plan, outlining your vision, goals, and strategies.

Choose the Right Business Structure

Select the appropriate legal structure that best suits your business needs, considering tax implications, liability protection, and control.

Craft a Marketing & Pricing Strategy

Develop a powerful marketing strategy, including branding, website design, SEO, and social media. Set competitive and profitable pricing that accounts for all relevant expenses.

Explore Funding Options

Identify and secure the best funding options to support your business growth and prevent delays in implementation.

Register Your Business

Ensure compliance with all legal requirements, including obtaining an ABN, TFN, and GST registration, as well as complying with WorkCover and PAYG withholding.

Conduct Risk Assessment and Secure Insurance

Protect your business with comprehensive risk assessments and appropriate insurance coverage.

Set Up an Efficient Accounting System

Choose the best accounting software and set up efficient systems for record-keeping and compliance.

Launch and Grow Your Business

We support you through launch and beyond, helping you manage cash flow, monitor performance, and plan for future growth.

Why Partner with Us?

Empowering Your Business for Success

Partnering with us means gaining access to a wealth of experience and expertise tailored to your business needs. Here's why we're the right choice:

Cost-Conscious Approach

We offer competitive packages specifically designed for start-ups, ensuring you receive maximum value without overspending. Our lean accounting practices free up funds for essential areas like marketing.

Clear & Straightforward Communication

We pride ourselves on delivering clear, jargon-free advice. Whether you're new to business or a seasoned entrepreneur, we ensure you understand every step of the process.

Comprehensive Support

From initial planning to scaling your business, we're with you at every stage. Our holistic approach ensures all aspects of your business are covered, providing you with peace of mind.

Partnering with 6AM Films for Marketing and Sales Growth

We understand that driving business growth can be challenging. That’s why we’ve partnered with 6AM Films to enhance your marketing and sales strategies. Together, we bring a wealth of expertise to provide you with comprehensive solutions that truly make a difference.

6AM Films specialises in producing a wide range of video content, from product and service demos to customer testimonials. They understand that customers can be skeptical, unsure about which product or service to choose, or struggle to see its value and usage. Their mission is to address all these concerns, ultimately leading to more sales and happier customers.

By collaborating with 6am Films, we ensure that your marketing strategies are not only effective but also aligned with your financial goals. This synergy helps foster growth and success for your business.

For more information, visit their website or call them on 0450 571 123.

What Our Clients Say

Milorad is highly professional and trustworthy. Simply explain all the complex tax/accounting terminologies and clearly provide an action list with priorities. Very happy with his service. Appreciate his hard work! Highly recommend!!

Milorad helped us with our accounts. He's spot on very prompt and he even worked over the weekend to get the paper work done quickly. I would recommend him to anyone 100%. He is very good at what he's doing. I wish him all the best.

I was very satisfied with the service that Milorad provided, he is very efficient and explains things in very simple way, and he also works in a way that wound benefit you. Milorad has a lot of knowledge regards taxation and will always find time to try to help you with any concerns. I highly recommend him as a tax agent that you can relay on at any time.

I would highly recommend Milorad for anyone who is looking for a reliable, competent, and professional accountant. Both my partner and I are very happy with his service as Milorad is very reliable and easy to communicate with. We will definitely be returning for his services.

Professional and very friendly service, Milorad is taking care of our business, investment portfolio and personal tax requirements. With wide range of experience and expertise he is always willing and able to offer professional advice and direction. We are grateful for an exeptional services and highly recommend Platanus Business Services for all your accounting and tax needs.

Google rating score: 5/5

Frequently Asked Questions

Q: How do I choose the right business structure?

When choosing a business structure, consider tax implications, the degree of control you wish to maintain, asset protection, and your capacity for raising funds. Your family situation also plays a crucial role; a one-size-fits-all approach doesn’t work. For instance, a discretionary trust may not be suitable if you’re the only beneficiary. Also, if you’re aiming to claim R&D tax offsets, a company structure is essential.

Q: How fast can you register a business?

In most cases this can be done the same day or within 24 hours.

Q: What tax registrations are necessary for my business?

Your business will require a Tax File Number (TFN) and an Australian Business Number (ABN). Additionally, registration for the Goods and Services Tax (GST) is mandatory if your turnover exceeds the specified threshold. If you plan to employ staff, further registrations, such as for Pay As You Go (PAYG) withholding, will be necessary.

Q: How often will I have to pay GST?

The frequency of your GST payments in Australia depends on your GST turnover. You will need to pay GST:

Monthly, if your GST turnover is $20 million or more.

Quarterly, if your GST turnover is less than $20 million – unless you’ve been informed that you must report monthly.

Annually, if you are voluntarily registered for GST and your GST turnover is under $75,000 ($150,000 for not-for-profit bodies).

Q: Is there government funding available to help start my business?

Yes, there are various grants and funding programs available. You can research which ones you may be eligible for here.

Q: What accounting software is best for my new business?

Choosing the right accounting software depends on your business’s unique requirements. MYOB, Xero and QuickBooks are popular among small businesses for their robust features. However, the best option for you might differ; for instance, if you need to integrate e-commerce sales with Amazon FBA, your needs will vary from those of a manufacturing business with extensive projects. It’s essential to assess your operational demands and consult with a professional to find the software that best fits your business model.

Ready to Elevate Your Business?

Discover how we can help you achieve your business goals. Our team is ready to provide the expertise and support you need to succeed.