Establishing Your Business

Sole Trader, Partnership, Company, Trust, Non-Profit or a combination?

“Planning is bringing the future into the present so that you can do something about it now” ~ Alan Lakein

It may look easy to apply for an ABN or company online but
there is so much more to launching a viable business than picking and registering a business entity. It begins with a plan to give yourself the best chance of success.

We can take you through every step of starting a business, including:

1.   Assessing whether you are ready for business and realise the financial commitment.

2. Reviewing and assessing market feasibility, commercial feasibility and other considerations. 

 

Choosing and creating the right business structure, according to:

  1.   Your business plan,
  2.   Your particular circumstances,
  3.   The tax implications for those involved, and
  4.   What your exit strategy may be.

 

Building your business plan to help you:

  1.   Secure finance,
  2.   Prioritise actions, and
  3.   Evaluate opportunities.

Setting up and managing your finances:

  1. Assess the startup costs and how to fund your plans,
  2. Prepare financial projections to help you secure finance, and
  3. Set up your online accounting system with useful business management tools, and
  4. Automate and manage your accounts to give you real-time visibility of your financial position and cash flows.

Overviewing legal obligations before you start trading to avoid penalties, including:

  1.   Registrations,
  2.   Licenses,
  3.   Tax, and
  4.   Insurances.

Connecting you with a support team of trusted and reliable advisers for:

  1. Legal agreements,
  2. HR and employees,
  3. Marketing strategy,
  4. Personal financial advice,
  5. Commercial lending, and
  6. Insurance.

Explaining and applying for all the necessary registrations with the Tax Office, including:

  1. Australian Business Number (ABN)
  2. Goods and Services Tax (GST)
  3. Single Touch Payroll (STP)
  4. Pay As You Go (PAYG)
  5. Fringe Benefits Tax (FBT)
  6. Superannuation Guarantee Contributions (SGC)

Planning your all compliance and accounting activities for the year ahead: 

We will also explain the relevant Corporations Law and Tax Law provisions that you must comply with, to avoid penalties and personal liability.

We’ll plan your accounting procedures and tax calendar for every 12 months with an ongoing account keeping, reporting, tax lodgment and advisory package… to let you focus on driving your business growth!

Contact us today to get your new business up and running

Customer Testimonials

We are awesome to work with.
But don’t just take our word for it, take theirs!

Giordana Cocco

I found Electra after trying three different (recommended) accountants and she has been looking after both my personal and business matters for several years now.
Electra and her truly fabulous team have always looked after my affairs in a rigorous and systematic manner.
Every member of the small team at Electra Frost Accounting is endlessly patient and great at explaining tax matters in layman’s terms. I feel in great hands with them because they are knowledgeable, highly reliable and work prudently, yet striving for the best results.
Their approach is modern and streamlined, their fees are transparent, and everyone goes the extra mile, providing precious peace of mind for clients.

Giordana Cocco, Umbilico Pty Ltd

Chris Gillies

Electra and her team have become an important part of my business
Electra Frost Accounting and I go back to 2013, when I made the decision to jump off the corporate ladder and start up a copywriting agency. Electra explained business structures and set-up my company with ASIC. Since those early days, Electra and her team have become an important part of my business. Whether it is providing advice on taxation, superannuation, GST and expenses to completing my annual company and personal tax returns. I’m now less terrible with numbers!
As an added bonus, Electra specialises in creative industries (which I am in) so understands the type of work I undertake. Whenever a fellow writer or creative type ask me for an accounting recommendation I always say, Electra Frost!’

Chris Gillies, Jam Tin Copy Pty Ltd

Aaron McLisky

It has been the most wonderful experience working with them. I run a small business and have tried numerous other accountants but nobody else has had the professionalism and efficient online tools to give me the best customer service around. I highly recommend them.

Aaron McLisky, Cinematographer

Monica Davidson

We have worked with Electra Frost Accounting for over ten years and are very happy with the service. Electra and her team have been an integral part of the journey of our business, including the growth we’ve experienced in the last few years. They have ensured that our financials are always in good shape when it comes to reporting time, of course, but I’ve also appreciated their time and patience when it comes to teaching us new systems and alerting us to better ways of managing our financial situation. We highly recommend Electra to our creative business clients, as we work exclusively with creative clientele, and will continue to do so.

Monica Davidson, Creative+Business

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