Frequently Asked Questions

How do I start a business in Australia?
Starting a business in Australia involves choosing the right structure (such as a sole trader, company, trust, or partnership), registering for an ABN, setting up tax obligations like GST and PAYG, and ensuring your business is structured correctly from day one. A well-planned setup helps minimise tax, protect assets, and support future growth. We assist new business owners with business structuring advice, registrations, tax planning, and compliance requirements to ensure your business starts on strong foundations.
What is the record keeping requirements for businesses in Australia?
Businesses in Australia are legally required to keep accurate financial records that explain all transactions and support income tax, GST, and other tax obligations. Generally, records must be kept for at least five years and must be in English (or easily translated into English).
You should keep records of:
  • Income and sales invoices
  • Expense receipts and supplier invoices
  • Bank and credit card statements
  • Payroll records and superannuation payments
  • BAS and GST reports
  • Asset purchases and depreciation schedules
  • Loan agreements and finance documents
Good record keeping ensures you meet Australian Taxation Office (ATO) requirements, makes tax lodgements easier, and provides accurate financial information to manage your business effectively.
We help businesses implement efficient digital record-keeping systems using cloud accounting software to ensure compliance and improve reporting accuracy.
1. What services do you provide?
We provide comprehensive accounting, taxation, and advisory services including tax planning, business structuring, financial statement preparation, Virtual CFO services, SMSF compliance, and strategic advisory for individuals and businesses.
2. Do you only work with high-net-worth individuals?
No. While we have strong expertise in advising high-net-worth individuals and family groups, we work with clients at all stages — from start-ups and growing SMEs to established businesses and professionals. Our approach is tailored to your complexity and goals.
3. What makes your firm different from traditional accounting firms?
Most firms focus primarily on historical compliance. We focus on forward-looking strategy — helping you plan, structure, and make decisions that strengthen your financial position for the future.
4. What is tax planning and why is it important?
Tax planning involves legally structuring your affairs to minimise tax and improve long-term financial outcomes. Proactive tax planning can improve cash flow, reduce risk, and support wealth creation.
5. Do you provide Virtual CFO services?
Yes. Our Virtual CFO services provide strategic financial oversight, cash flow forecasting, budgeting, performance analysis, and decision support — without the cost of a full-time CFO.
6. What is an SMSF and do you provide advice?
A Self-Managed Superannuation Fund (SMSF) is a private super fund that you manage yourself. We provide accounting, tax, and compliance services for existing SMSFs. Where financial product or investment advice is required, we work alongside licensed financial advisers.
7. Can you help with multi-entity or cross-border structures?
Yes. We specialise in structuring advice for complex groups, including multiple entities and cross-border arrangements. We ensure compliance while optimising tax efficiency and governance.
8. Do you work with international clients?
Yes. We support inbound and outbound clients, including multinational organisations and individuals with international tax considerations.
9. What accounting software do you support?
We work with leading accounting and cloud-based platforms and help clients integrate technology to improve efficiency, reporting accuracy, and decision-making.
10. How do you charge for your services?
Our pricing depends on the scope and complexity of your needs. We offer fixed-fee arrangements where possible to provide clarity and transparency.
11. Can you help start a new business?
Yes. We assist with business structuring, entity setup, tax registrations, compliance obligations, and strategic planning to ensure your business starts on strong foundations.
12. How do we get started?
Simply contact us to arrange an initial consultation. We’ll discuss your goals, assess your current structure, and outline how we can support you moving forward.