A woman sitting at a table, writing in a notebook with a pen. There is a disposable coffee cup and a smartphone on the table. The background includes a window with a scenic view.

Starting a Business? Here's What You Need to Know

Starting a business is exciting, but the admin side can feel overwhelming. From choosing the right structure to registering with the ATO, there are decisions in the first few months that can save (or cost) you thousands down the track.

At Glide Accounting, we help new business owners across Australia get set up properly from day one.

Book An Intro Call
A woman with long dark hair, wearing a beige blazer, black top, and watch, is seated on a beige sofa in an office or waiting area. She is looking at a tablet on a wooden table and talking on her phone.

What You Need to Set Up

  • Choose your business structure: Sole trader, partnership, company, or trust. Each has different tax implications and liability protections.

  • Register your ABN and TFN: We handle the registration process.

  • Register for GST, Required once turnover exceeds $75,000/year.

  • Set up bookkeeping software: We'll get you running on Xero with proper chart of accounts, bank feeds, and invoice templates.

  • Understand your ATO obligations: BAS, PAYG, super, tax returns, we make sure you know what's due and when.

  • Employer obligations, Payroll, PAYG withholding, super, and STP if you're hiring.

Common Questions When Starting Out

How much does it cost to set up a business?

Sole trader registration is free (just ABN). Company registration costs around $576 with ASIC. We charge a setup fee for bookkeeping, registrations, and systems, quoted upfront.

Do I need an accountant from the start?

The earlier you involve an accountant, the better. Getting the right structure and systems from day one avoids expensive corrections later.

What records do I need to keep?

The ATO requires records of all income and expenses for 5 years. We'll set you up with cloud-based bookkeeping so records are always organised.

A webpage titled 'Guide Accounting' with a logo of a bird at the top. The page promotes starting a business with the message 'Thinking of starting a business?' and a plan acronym 'GROW' (Goal, Reality, Options, Will). Below, it invites users to let Guide help them, with sections on advisory, setup, action, and readiness for business planning and bookkeeping.
CONTACT US

Ready to Get Your Business Started?

Book Your Free Intro Call →

Book a free 20-minute intro call with Vicky to talk about your business and see how we can help. No obligation, no jargon, just a straightforward conversation.

Or call us on (08) 9468 7818