Starting a business involves decisions about structure, registrations, records, cash and the cost of getting underway. These guides explain the financial foundations in plain English so you can separate the tasks that need attention now from decisions that depend on your circumstances.
How to Use These Guides
Start with the question closest to the decision or problem you are dealing with. Read the qualifications and examples as carefully as the headline answer, then confirm current rules with the relevant official source or a professional who can consider your full circumstances.
Starting a Business Guides
Sole Trader vs Company — Which Business Structure Is Right for Me?
A sole trader is the simplest structure.
I've Decided to Start a Business — What Do I Actually Need to Set Up?
Most businesses need a structure, ABN, registrations, banking and reliable records.
ABN, ACN, TFN and GST — What Do All These Numbers Actually Mean?
An ABN identifies your business.
How Much Money Do I Actually Need to Start My Business?
Plan for setup costs, working capital and a personal living-cost buffer.
What Start-Up Costs Can I Claim Before My Business Begins Trading?
Many costs may be deductible, but timing and eligibility rules apply.
Do I Need a Business Plan — and What Should Actually Be in It?
A business plan is a structured, honest look at what your business does.
How Do I Know Whether My Business Idea Is Financially Viable Before I Commit?
Test realistic revenue against full costs and the return you need.
Hobby or Business — When Does the ATO Treat What I'm Doing as a Business?
There's no dollar figure that draws the line.
Do I Need an Accountant, a Bookkeeper — or Both?
A bookkeeper handles the regular, ongoing recording of transactions.
What Insurance Should a Small Business Consider — and Which Costs Should I Budget For?
Workers' compensation generally applies once you employ someone.
General Information
These guides provide general information only. They do not take into account your individual circumstances and are not a substitute for professional accounting, taxation, legal or financial advice.
Let’s Talk About Your Business
A useful first conversation starts with what your business does, what is creating pressure and what you would like to improve. Book a Complimentary Initial Consultation to discuss the support that may suit your circumstances.