Small Business Advice

Looking to start your own business?

Need advice to help with managing your current business?

Specialising in small business, at DGS Accounting Group, we strive to offer our clients a personalised service at a reasonable cost, where we treat their business as if it were our own.

 

As a result, our clients have the peace of mind that they can concentrate on the running of their business, without the stress of handling the books or dealing with external agencies such as the ATO or ASIC.

 

At DGS Accounting Group we can help you. We provide advice designed to help you improve and grow your business to effectively manage your responsibilities. We also encourage you to review your business plan and structuring options. This may assist in identifying potential risks, tax opportunities and assessing your current financial position.

We are accessible to our clients right from the beginning, assisting with the setup and registration of their business. We offer technical expertise in determining the best structures and strategies to implement in order to achieve the best results suitable to that clients particular circumstance. And from there, we catch up with the client as regularly as possible to help build their business and ensure complete satisfaction with our services.

Our experienced Accountants have relationships with current clients who are sole traders, small and medium businesses from numerous industries. Our skilled and reliable advice is tailored to suit you the business owner.  We take the time to understand of your business and personal circumstances – we treat your business as if it were our own.

Our services include:

• Business Registrations (ABN, TFN, Workcover, Payroll Tax)
• Preparation of Financial Statements
• Income Tax Returns
• Business Activity Statements (BAS)
• Assistance for businesses’ with Payroll, Superannuation and other employee requirements
• Corporate Secretarial lodgements – for meeting regulatory requirements such as name changes annual returns, minutes etc.
• Advice in selling your business
• Cashflow Projections
• Advice and Training in software programs such as MYOB to best suit your business needs

 

Helping you start a new business

If you are thinking of starting a business or purchasing an existing business, our experienced Accountants can assist and support you to get the information you need to get you started.

It is essential to set aside time to plan before taking the giant leap into starting up a new business or purchasing an existing business. At DGS Accounting Group we can guide you by providing advice and getting to know you and the new business.

We take a step back and look critically into the business you are thinking of making your own and analyse before you commit. Once the eagerness of owning this new business has subsided, the hard work of setting up the business commences.  We help you ensure that plans are in place to begin the business and then keep it on track to achieve your goals. With careful planning prior to establishing your new business, you will have a sound basis from which to decide if this business venture is a good fit for you.

 

Business Structures 

There are several business structure types with the most common being; sole trader, company, partnership and trust. Our experienced staff can advise you when choosing which structure best matches your business.  We will help you understand the advantages and disadvantages for each before you make your decision.

Your choice of Business Structure will determine the following:

• Licenses required
• How much tax you pay
• Whether you’re considered an employee, or the owner of the business
• Your potential personal liability
• How much control you have over the business
• Ongoing costs and reporting obligations

As your business grows, you can change the structure type to match your lifestyle and business.

 

Company Formation

If you’re looking to start your own business, it’s important to seek some professional accounting advice to ensure that your business entity and tax responsibilities are set up correctly. At DGS Accounting Group we work with you to assist with the decision - a small one-person operation or a larger organisation? Your business foundations can affect how you manage your tax, accounting and reporting duties.

Our expert Business Tax Accountants can assist you with:

• Initial Documentation
• ABN and TFN Registration
• Registering for GST
• Business Structuring
• Tax Compliance and Advice

 

Business Tax Planning

Are you meeting your tax obligations?    Are you collecting all your eligible tax allowances?

Businesses are required to report their earnings and financial activities to the ATO, to ensure that they are meeting their tax obligations. On the other hand, as a business entity, you can work with us to identify how your finances may allow you to apply for tax concessions to minimise your tax liabilities.

At DGS Accounting Group we offer the opportunity for business tax planning to help you to manage and benefit from all the hard work you put into your business. We work with you and understand that every business is unique, we take the time to understand your tax situation and business operations.  We can then confidently advise you on how you can reduce your tax obligations.  This give us an insight into your business’ tax position. Our Accountants ensure that you are meeting all your tax obligations and identify the eligible tax allowances, deductions and exemptions, to assist with improving your cash-flow using common and proven tax strategies.

This could include applying one or more of the following tax plans:

• Small Business Tax Concessions
• Business Deductions
• Capital Gains Tax (CGT)
• Deferring Income
• Superannuation
• Fringe Benefits Tax (FBT)
• GST Registrations

 

Business Activity Statements (BAS) & GST Returns

As a business entity there are expectations that you will submit regular BAS and GST returns for tax and reporting purposes. This applies to any business irrespective of the size, structure or industry. At DGS Accounting Group our experienced Accountants will work with you to ensure BAS and GST returns are lodged on time to avoid the possibility of penalties being issued by the ATO.

We work with you to manage your responsibilities and obligations to achieve the best outcomes.  We treat your business as if it were our own.

Our expert Tax Accountants currently work with the following business types:

• Sole Traders
• Start-Up Businesses
• Small-to-Medium Businesses
• Companies
• Not-for-profit Organisation