07 3124 0244 07 3124 0244
Business Setup

Start-Up Business

Starting a business?

You have a skill, a talent, a product, a profession or perhaps simply an idea. This is what you want to be doing all day, every day and you are ready to take control and make this your reality. Before you take the leap, you know it’s time or its import to surround yourself with the right team.

With Empire Accountants in your corner, you have access to qualified Accountants and Advisors who can guide you on this journey and provide the tools to facilitate your success.

We work seamlessly as part of your team. We are as committed to growing your business as you are; your success is our success too.

Whether you are working for someone else as a subcontractor or starting your own business as a Sole Trader, you will require basic knowledge in your taxation obligations, GST reporting, record keeping and superannuation obligations.

How Empire Accountants can assist you in your new venture:

  • Registrations – ABN, GST, PAYGI
  • Quarterly BAS preparation & lodgement
  • Year end tax return
  • Ongoing advice
  • Xero set up and training
  • Bookkeeping support options

Start up busines support is here

The Empire provides customised advice in the following areas of establishing a business.

Book a consultation Book a consultation

Business Structuring

  • Advice on the most suitable way to structure your business – Sole Trader, Partnership, Trust, Private Company or some combination
  • Tax consequences, Asset Protection and Practicality are the fundamental considerations we discuss in considering the most appropriate structure
  • Take care of organising and establishing your chosen structure and registrations – ABN, TFN, PAYG Withholding, GST and Business Name.


  • When must you register versus when it is beneficial to be registered
  • Requirements for preparing and submitting your Business Activity Statements
  • Record keeping requirements

Income Tax Obligations

  • Tax consequences for the structure of your business and how this will specifically impact you
  • How to manage your personal income tax now you own a business
  • Legitimate business-related deductions – allowable deductions in key areas such as motor vehicles, equipment, operating expenses, insurances, working from home, entertainment, business related travel, education, training and more
  • How the ATO’s compliance ‘hot spots’ and benchmarking impact your business

Superannuation Obligations

  • How your personal obligations for superannuation change when you are self-employed
  • Your legal obligations to your employees and contractors

Staffing & Labour

  • Legal differences and obligations between staff and contractors
  • Compulsory work cover and workers compensation policies
  • Employer obligations for superannuation and PAYG withholding tax for your employees

Record Keeping

  • Recommend systems to keep track of your income and expenses (eg accounting systems such as Xero versus spreadsheets versus paper records)
  • Establish record keeping systems – on premise, offsite, in the cloud
Get In Touch

Book a consultation today

Let's start building your empire together

Contact Us Contact Us

Talk to us

07 3124 0244