Setting Up A Business
PKF can talk through the opportunity you have identified to understand the implications and likely financial return from the business venture. We can help you decide whether it is a worthwhile pursuit and the timing of commencement.
If you have decided to proceed, then we can help you understand the regulatory and other requirements for the business and other professionals you may need to see.
Prior to starting the business it is important to understand the various types of business structure, such as a partnership, family trust or company which can be used. PKF can advise you on these structures and work through with you which is the one most appropriate for your situation.
If the business needs funding for vehicles, equipment or working capital, we can help you determine what is required and how it should be structured. Banks and other lenders have different types of loans and asset funding facilities and these can have different tax and GST implications. PKF can advise you on your options and assist with your finance applications or dealings with financiers.
Business Record Keeping
Business record keeping is a very important part of going into business. This is because the financial performance of the business should govern decisions on all aspects of the business ownership and operation. Accurate financial reports allow the correct decisions to be made. We can help you with the most appropriate accounting system for you and your business.
We work with business owners to ensure that the necessary financial reports are prepared in the most efficient way, having regard to the requirements of business and the owner. We have implemented many simple manual or computerised accounting systems as well as the more sophisticated MYOB, Quickbooks, and Xero. It doesn’t have to be complicated or expensive – it just has to be usable by you and provide the right answers.
Once you are underway we can stay in touch to the extent which is appropriate and are always available to help with the other stages of your business’ life cycle.