When starting or buying a business or franchise, the wrong advice can be very costly.
There are numerous issues to consider and we endeavour to make sure all our business clients are structured correctly for taxation purposes taking into account financial and legal considerations.
- Business Structure
- Finance Requirements
- Software Selection and Training
- Employer Obligations
- General Tax Advice
- Bookkeeping Training
- Business Plan
- Business Evaluation
- Cashflow Forecasts
One of the most important decisions you need to make when starting a business is the choice of accounting software.
Ranging in price, features, support and training requirements it is easy to become confused with so many options. We therefore provide the following guidelines:
- Don’t buy software beyond your business needs. If you don’t need a fully integrated general ledger system, then avoid these types of programs, especially if the next point applies to you.
- If you don’t understand double entry accounting (i.e debits, credits and journal entries) then avoid the more complicated general ledger accounting software programs. If you need to use such a program then you will need to undergo training to learn both the software and accounting.
- Your software should be compatible with our general ledger system to allow easy transfer of electronic data. This can save time, money and assist with meeting lodgement deadlines.