Setting up a business in Australia


Gain the clarity and confidence to start your business right



Free business review meeting

Do you think you are paying too much tax? Are you still waiting on last year's financials to be completed? Do you have business goals that are not being reached?

Let us help you with a free, no obligation review and strategy meeting.

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Setting up a new business

If you have recently made the exciting decision to start a business, you are likely getting a whole lot of advice from the grape vine. There are a lot of things to consider and you want to start on the right foot!

It's a little overwhelming, so Trekk helps you through the maze to help you feel in control and confident that you are making all the right choices, and ticking all the necessary boxes.


  • Choosing the best business structure
  • Efficient and cost effective systems in the cloud
  • Accurate bookkeeping
  • Understanding your obligations
  • Cashflow strategies

Choosing the best business structure

When to register for Goods & Services Tax (GST)

Business and company registrations

Efficient and cost effective cloud software

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Choosing the right business structure

The decision of what business structure is the most appropriate to your needs is something that needs to be carefully discussed. Aspects for your consideration include the following:

  • Taxation effectiveness - Keeping the tax expense down and staying within the current rules.
  • Asset protection - Protecting your personal and business assets as much as possible from creditors and other litigants in the event that things do not go well.
  • Business efficiency - You will need to operate efficiently in your day to day transactions while providing the security your venture requires.

The type of business structure you choose will affect your taxation position, your personal legal liability, the life of your business, and the availability of capital to establish and operate your business.

There are five main structures used to operate a small business: Sole trader, Partnership, Company, Discretionary Trust or Unit Trust.

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When to register for Goods & Services Tax (GST)

GST is a broad-based tax of 10% on the sale of most goods and services and other things in Australia. By registering for GST, you’ll also be entitled to claim input tax credits.

If you have or expect to have a turnover of $75,000 or more, you must register for GST. If you provide taxi service or are a car hire operator, you must register for GST regardless of GST turnover. If you’re eligible to claim input tax credits, you must also register for an ABN.

You can choose whether to register to pay GST to the ATO on a cash basis (as you spend and receive money) or accruals basis (as you invoice or are invoiced). Remember – when you receive money from your customers, this includes GST which is not your money to keep. It will eventually need to be paid to the ATO.

We can assist you with this application and determine if you need to register for GST. 

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Business and company registrations

There are a few required business and tax registrations you will need to complete before starting your business. Getting these sorted is the first step towards becoming an Australian business. You'll need to register your business with the Australian Taxation Office (ATO) as well as the Australian Securities and Investments Commission (ASIC) if you are operating as a company.

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Efficient and cost effective cloud software

Running a business can be hard and extremely unpredictable. One thing that will help you along the way is ensuring you are keeping good records and have a great accounting software set up (as well as using it correctly). Having this set up and functioning from the get go could be the difference between your new venture being a success, or just unnecessary stress, as it enables you to:

  • Make sound business decisions as it will give you an accurate, current understanding of your business’ health
  • Meet all your tax and superannuation obligations on time
  • Manage your cash flow
  • Demonstrate your financial position to banks or other lenders

The Australian Taxation Office (ATO) are moving towards entirely electronic records, so ensuring you choose a software that allows you to do what you need to do efficiently as well as meeting all legislation and reporting requirements is crucial. Xero is a cloud accounting app that we love because it does all that and more. 

Learn more about Xero here.

Xero cloud Accounting


Gain peace of mind with a free review.


Do you think you are paying too much tax? Are you still waiting on last year's financials to be completed? Do you have business goals that are not being reached? Let us help you with a free, no obligation review.

If you want to increase profits, improve cashflow, save on tax and get back on track, this is the best first step you can take.

Once you submit an enquiry, you will:

  • Get a business review from one of our qualifed, experienced business advisor;
  • You'll get an action plan that will dramatically improve your business;
  • We'll meet with you to run through the results and best plan of attack;
  • If we find nothing, you'll get peace of mind that you're doing the right thing;
  • And once we're all done, you don't need to pull out your wallet - It's completely free!