What should I do when starting a new business or thinking about changing my current business structure?
If there is one tip I can give to those thinking about starting a business or those you are already in business and are thinking about changing their structure – talk to a professional first!
Find out exactly what needs to be done (you can still do it all yourself) but please speak to someone first to make sure you are on track.
I have seen some clients recently where their business set-ups or moves to different business structures haven’t been well managed, with the actions taken resulting in unexpected and unwanted tax consequences.
So, please, speak to a tax accountant before you take that first step – better to spend that couple of hundred $s to get on the right track first up as it can be an expensive process to get back on it.
Stellar Accounts consults are $99 for 45 minutes – call, PM or email to arrange an appointment via phone, video conferencing or in office.