Are you starting a new business?
If you are starting a new business and are looking for business advice in Perth, then look no further.
My name is Paul Baggetta, the Founder and Principal of Baggetta & Co. My Practice focuses on small business services and one of our core service areas is providing new small business clients with business advice.
At Baggetta & Co, business advice is fundamental to our service model. As Business Accountants, we do more than just tax returns and financial statements. We work with you, as your Business Advisor, to anticipate changes and plan for survival and growth in your business.
Good business advice is worth its’ weight in gold.
Seeking business advice before you start your business can be the difference between establishing a business that is destined to succeed, or one that is assured to fail.
At Baggetta & Co, we have helped many clients to establish successful small businesses by giving them the right business advice and working with them to ensure that they consider all the key areas that should not be forgotten when you are establishing a business.
Business Name, Structure and Registration
This is critical when starting a new business. Serious consideration should be given to how to structure your business so that it suits not only the type of business you will be running and its’ future, but also your personal situation.
New business owners must be well aware of the vast array of tax requirements and obligations that must be adhered to, including Goods & Services Tax (GST), Income Tax, Capital Gains Tax, Superannuation, and Payroll Tax to name a few and including the processes that your business must have in place for the accurate recording and tracking of financial information.
Sound legal advice is important to setting up and maintaining a successful business, in particular dispute resolution and insurance considerations.
Baggetta & Co create systems for the management of your cash flow so that you can keep track of where your cash comes from and where it is being spent.
Accurate, up to date data is critical to the decision making process of your business. You cannot make informed decisions without accurate and up to date financial data. The right bookkeeping software, accurate and up to date bookkeeping is important to business owners who want to sustain business growth and who want to see an improved positive cash flow in their business.
There is a lot to think about when starting a new business. The areas mentioned above are just the tip of the iceberg.
If you are thinking about starting a new business, or are in the process or starting a new business and have not sought business advice, then I encourage you to seek advice before proceeding any further.
Remember, advice is the single most important piece of ammunition in any business artillery. If you are a new business owner, or are seeking to become a new business owner, you will start your journey with an abundance of motivation and inspiration, but the road ahead will take some unexpected turns. And this is where a good business advisor will be invaluable to you and your business.
If you would like more information about Baggetta & Co and the other services we provide, please contact Baggetta & Co or call me on 9317 7300. I’m here to help with advice you can rely on.
September 18, 2017
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For more information about the services we provide, or to find out if you are eligible for a free no-obligation consultation, call us now on 9317 7300.
The information provided on this website, including the material and contents provided in the website publications, are informative in nature only and you should not act specifically on the basis of this information alone. It should not be used as a substitute for legal, business, accounting, tax, financial planning or other professional advice. If expert assistance is required, professional advice should be obtained.
Paul Baggetta is the Founder & Principal of Baggetta & Co. Paul Baggetta has been a Taxation Accountant since 1981, a Financial Planner since 1998, and in 1993 qualified as a Real Estate Licensee, holding a Triennial Certificate (currently not trading) and operated his own Real Estate business for property investment clients for over 5 years as a second business.
Financial planning services are provided by Paul Baggetta as an Authorised Representative (No. 261469) of Capstone Financial Planning Pty Ltd. ABN 24 093 733 969. Australian Financial Services License No. 223135.
Taxation & Accounting services are provided by Paul Baggetta as a Registered Tax Agent (No.61487008) and is a Member of SMSF Association, FIPA & NTAA.