Business setup

Your small Business setup Specialist

Thinking about starting a small business, but not sure where to start?

Ingrams Accounting Group is here to help you set up the perfect business – hassle-free. We don’t just provide accounting services; we offer everything from registration and compliance services to financial advice for new businesses. With more than 15 years of experience working with small businesses across multiple industries, our team of professionals will make sure all the details are accurate and taken care of quickly and effortlessly.

Let us guide you through setting up your business so that you can focus on growing it instead of worrying about paperwork or legal complications. Not only will we provide excellent customer service but also competitive prices that won’t break the bank! Plus, out team offers a variety of ongoing support options so that you never have to worry about managing your finances alone.

Contact Ingrams Accounting Group today and get started on transforming your aspirations into reality!

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how we help with your business setup

Setting up and managing a successful business takes hard work, dedication, and excellent advice. Ingrams Accounting Group can make it so much easier for you by providing expert advice on how to set up your small business the right way.
business setup

do you need help with your business setup?

When you are starting out in business, we take the guesswork out of choosing and setting up the right business structure.

The different types of business structures you can choose from include: Sole Trader, Partnership, Trust, Company or  Joint Venture.

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Why choose us to.

If you’re a business owner, there are many reasons that you might want to change your business structure.  Some of the typical reasons for changing your business structure are: taking on a new business partner. Your accountant has advised that there might be tax advantages to switching to a different structure. To support a finance application.
To protect your assets.

Whatever the reason, before making the switch, drop us a line for advice on the best structure for your circumstances.

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Expert small business setup.

You are probably wondering what a business setup includes. We can help with things such as applying for an Australian Business Number (ABN), registering for Goods & Services Tax (GST) if applicable, Tax File Number (TFN) and PAYG withholding.

The payroll team can also assist with registering your business with WorkCover and set up the systems for lodging and paying superannuation systems.

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Book a free consultation with one of our small business setup experts today

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Our Small Business Accounting Services

At Ingrams Accounting, our small business accountant specialises in comprehensive tax and accounting services for professionals like tradies, doctors, and traders. Our experienced team helps navigate complex tax laws, providing tailored solutions to keep you on track financially.

From accounting and bookkeeping to audits and business setup, we address the unique challenges faced by professional service providers. We also understand the importance of crypto accounting and offer assistance in filing taxes for cryptocurrency transactions. With our reliable support, you can focus on growing your business and delivering exceptional service while we handle your financial needs. Trust Ingrams Accounting your small business accountant to keep you on top of your financial game.

small business accountant

Taxation

At Ingrams accounting, we understand that tax and accounting can be overwhelming for tradies, doctors, and traders alike.

Our team of experts can help you navigate the complexities of tax laws and provide comprehensive accounting solutions tailored to your unique needs. Let us help you stay on top of your financial game.

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accounting

Accounting

Ingrams Accounting offers comprehensive accounting services tailored specifically for professional service providers.

Our experienced team understands the unique financial challenges faced by businesses in this sector. From bookkeeping and tax preparation to financial analysis and strategic planning, we are dedicated to helping you achieve your financial goals.

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Bookkeeping & Payroll

Ingrams Accounting provides reliable bookkeeping and payroll management services for transport companies and healthcare professionals.

Our team of experienced professionals can help you streamline your financial operations, allowing you to focus on what matters most – growing your business and providing top-notch care to your patients. Let us handle your financial needs.

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Trust Audits

Ingrams Accounting offers auditing services for compliance audits for lawyers and real estate agents.

Our experienced auditors can help you maintain compliance with relevant regulations and provide accurate financial statements for your stakeholders. Let us help you ensure the integrity of your financial records and maintain the trust of your clients.

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waterloo

Business Setup

Ingrams Accounting provides expert guidance for startups and small businesses in setting up their business structures.

From registering for GST, PAYE, ABN, and ACN to advising on the most suitable business structure, our team can help you establish a strong foundation for your business. Let us help you start on the right foot.

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crypto accounting

Crypto Accounting

At Ingrams Accounting, we understand why crypto accounting is important. We help take away the pain of filing taxes if you buy, sell, or invest in Bitcoin, Ethereum, Dogecoin, etc. With all the excitement surrounding cryptocurrencies in 2022, the ATO is cracking down on crypto and NFT investors this year, and the penalties can be severe if you don’t disclose this income.

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Female tradie taxation

Taxion

At Ingrams Accounting, we understand that tax and accounting can be overwhelming for tradies, doctors, and traders alike.

accounting

Accounting

Ingrams Accounting offers comprehensive accounting services tailored specifically for professional service providers.

cafe owner bookkeeping

Bookkeeping & Payroll

Ingrams Accounting provides reliable bookkeeping and payroll management services for transport companies and healthcare professionals.

lawyer audits

Trust Audits

Ingrams Accounting offers auditing services for compliance audits for lawyers and real estate agents.

small business owners

Business Setup

Ingrams Accounting provides expert guidance for startups and small businesses in setting up their business structures.

crypto accounting

Crypto Accounting

COMING SOON

Female tradie taxation

Taxation

At Ingrams Accounting, we understand that tax and accounting can be overwhelming for tradies, doctors, and traders alike. Our experienced auditors can help you maintain compliance with relevant regulations and provide accurate financial statements for your stakeholders. Let us help you ensure the integrity of your financial records and maintain the trust of your clients.

accounting

Accounting

Ingrams Accounting offers comprehensive accounting services tailored specifically for professional service providers. From registering for GST, PAYE, ABN, and ACN to advising on the most suitable business structure, our team can help you establish a strong foundation for your business. Let us help you start on the right foot

cafe owner bookkeeping

Bookkeeping & Payroll

Ingrams Accounting provides reliable bookkeeping and payroll management services for transport companies and healthcare professionals. Our team of experienced professionals can help you streamline your financial operations, allowing you to focus on what matters most – growing your business and providing top-notch care to your patients. Let us handle your financial needs.

lawyer audits

Trust audits

Ingrams Accounting offers auditing services for compliance audits for lawyers and real estate agents. Our experienced auditors can help you maintain compliance with relevant regulations and provide accurate financial statements for your stakeholders. Let us help you ensure the integrity of your financial records and maintain the trust of your clients.

small business owners

Business Setup

Ingrams Accounting provides expert guidance for startups and small businesses in setting up their business structures. From registering for GST, PAYE, ABN, and ACN to advising on the most suitable business structure, our team can help you establish a strong foundation for your business. Let us help you start on the right foot.

Our Loyal business customers

Check out the Melbourne businesses that trust us as their small business accountant, while they get on with business and life.

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Testimonials

Read all about what our long term clients say about the great business setup services at Ingrams Accounting group

Henry Louey
Melbourne
I have been a client/customer/friend of Ingrams Accounting Group since i chanced walking pass their pop-up shopfront in Carlisle St East St Kilda and popped in to submit my tax return.
Fast forward 32 years, 5 change in jobs, opening up an ACN and 31 tax returns later i cannot speak highly enough of the team and Ingrams.
Louise Dingley
South Yarra
My annual tax return is not an issue, as Ingrams make it easy and follow up with anything I may or may not have included. My return is prompt and the service is outstanding. Chris and Cathy are very professional and extremely reliable.
Hawa Evans
Melbourne
Amazing professional services. Been dealing with Chris and team for quite some time now and really appreciate the consultation support provided by the team.

How can we help you tax it easy?

Get your business setup done with a smile.
Book a free 15 minute chat with our accountants South Yarra to discuss your circumstances.

03 9826 6000

[email protected]

Suite 2026, Level 19/644 Chapel St
South Yarra, Victoria 3141

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Small Business setup – Frequently Asked Questions

We are here to help answer all your small business setup questions and provide you with the information you need to make an informed decision.

Setting up a business in Australia involves several key steps. Here’s a general guide on how to set up a business in Australia:

  1. Business Structure: Determine the most suitable legal structure for your business. Common options include a sole trader, partnership, company, or trust. Consider seeking advice from a legal professional or business advisor to understand the implications of each structure.
  2. Choose a Business Name: Select a unique and memorable name for your business. Ensure it is not already in use by conducting a business name search through the Australian Securities and Investments Commission (ASIC) website. Register the business name if required.
  3. Register for an Australian Business Number (ABN): An ABN is a unique identifier for your business. Register for an ABN through the Australian Business Register (ABR). Having an ABN is essential for tax purposes and interacting with government agencies.
  4. Register for Goods and Services Tax (GST): If your business is expected to have a turnover of $75,000 AUD or more per year ($150,000 AUD or more for non-profit organisations), you must register for GST with the Australian Taxation Office (ATO).
  5. Business Licenses and Permits: Depending on your industry and location, you may require specific licenses and permits to operate legally. Check with federal, state, and local government authorities to identify and obtain the necessary permits.
  6. Set up Record-Keeping Systems: Implement a robust record-keeping system to track financial transactions and comply with tax and reporting obligations. Consider using accounting software or engage an accountant to assist with bookkeeping.
  7. Insurances: Assess the insurance needs of your business, such as public liability insurance, professional indemnity insurance, or workers’ compensation insurance. Consult with insurance providers to ensure appropriate coverage.
  8. Understand Employer Obligations: If you plan to hire employees, familiarise yourself with employment regulations, including payroll tax, superannuation (employee retirement savings), and workplace health and safety requirements. The Fair Work Commission provides resources to assist with understanding employment obligations.
  9. Intellectual Property Protection: If your business involves unique products, brands, or inventions, consider seeking intellectual property protection through trademarks, copyrights, or patents. Consult with an intellectual property lawyer for guidance.
  10. Seek Professional Advice: Throughout the process, consider engaging professionals such as accountants, lawyers, and business advisors who can provide expert guidance specific to your industry and circumstances.

Remember to regularly review and comply with any changes in legal requirements or regulations that may impact your business. The Australian Business Register, ASIC, and relevant government websites can provide further information and resources to support your business setup in Australia.

In Australia, several business structures are available, each with its own characteristics and legal requirements. The main business structures in Australia include:

  1. Sole Trader: This is the simplest and most common structure, where a single individual operates the business as an individual entity. The owner has unlimited liability and is personally responsible for the business’s debts and obligations.
  2. Partnership: A partnership involves two or more individuals or entities (partners) carrying on a business together with a view to profit. Partnerships can be general partnerships or limited partnerships. In a general partnership, all partners have unlimited liability, while in a limited partnership, there can be general partners with unlimited liability and limited partners with liability limited to their investment.
  3. Company (proprietary limited or public): A company is a separate legal entity from its owners (shareholders). It provides limited liability protection to shareholders, meaning their personal assets are generally not at risk for the company’s debts. Companies have more complex compliance requirements, including the appointment of directors, filing annual reports, and conducting shareholder meetings.
  4. Trust: A trust is an entity where a trustee holds and manages assets for the benefit of one or more beneficiaries. There are different types of trusts, such as discretionary trusts, unit trusts, and hybrid trusts. Trusts offer flexibility in distributing income and tax planning, but they involve complex legal and taxation considerations.
  5. Co-operative: A co-operative is a business owned and operated by its members, who work together to achieve mutual benefits. Co-operatives are governed by specific legislation and operate based on democratic principles, with each member having an equal say in decision-making.
  6. Not-for-Profit (NFP) Organizations: NFP organisations are established for purposes other than making a profit. They operate under specific legal frameworks and may choose different structures, such as incorporated associations, companies limited by guarantee, or charitable trusts.

When selecting a business structure, it’s important to consider factors like liability protection, taxation implications, operational flexibility, compliance requirements, and the nature of your business. It’s recommended to seek professional advice from lawyers, accountants, or business advisors to determine the most suitable structure for your specific circumstances and goals.

Most businesses that are just starting out are unlikely to know the answer to this question. So if you are unsure, it is best to give your accountant a call.

The structure you choose may have implications down the track on how you need to report and prepare your tax and can be quite costly if you get it wrong.

If you need advice, on the best business structure for you, we offer an obligation-free 15 consultation to answer any questions that you may have.

No, if you are confident that you know the correct business structure to choose from, you can go it alone. But be mindful that whichever structure you choose at the start can impact compliance, how much tax you pay and the amount of admin needed.

So, if in doubt, it is best to speak to an accountant that is up-to-date on all the pros and cons of the different business structures.