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Business Structuring Services
As a business owner, you know your service inside and out and you’ve likely built your business around your skills, abilities and vision. What you may not know, is that how you structure your business, can be the difference between a business that can handle growth and expansion and a business that can’t. This is where Crest Accounting come in we provide tailored business structure advice and services to help you and your business in the long run.
The structure of your business may seem simple, but the way its structured impacts on your tax, personal liabilities, asset protection, reporting obligations and more – the right business structure can save you valuable time and money. So, it’s important to get it right now and in for the future.
Strategic thinking and planning, along with the ability to be flexible when required, ensures you’re able to plan appropriately for the expected and respond effectively to the unexpected.
This is where we come in – let’s work together.
How Crest Accountants can help
The business world is ever changing, and depending on your business or personal financial situation, another entity structure might make more sense for your business. This is where we help by providing business structure advice and services gained through decades of experience in determining the best business structure to maximise your profitability and legally minimise your liabilities.
At Crest Accountants we work together with you to help you navigate the right business structure. We take the time to get to know you and your business, so we can ensure your business structure is the right one.
Our business structuring services will help you get the most out of your business, whilst adequately planning ahead and ensuring you and your business are protected, as they should be.
News about Business Structuring
Structure
Which Business Structure is the Right One? Part 3: Discretionary Trust
Are you thinking about your current business structure and wondering if it’s still the right fit for your growing business? In our 3 part Business Structuring series, we analyse the risks and benefits of a selection of common business structures. In part 1 we examined operating as a sole trader, in part 2 we explored the business […]
Structure
Which Business Structure is the Right One? Part 2: Company
Are you thinking about your current business structure and wondering if it’s still the right fit for your growing business? In our 3 part Business Structuring series, we analyse the risks and benefits of a selection of common business structures. In part 1 we examined operating as a sole trader, now let’s explore the business […]
Structure
Which Business Structure is the Right One? Part 1: Sole Trader
Are you thinking about your current business structure and wondering if it’s still the right fit for your growing business? Let’s analyse the risks and benefits of a common business structure: sole trader. Business structure: Sole Trader Operating as a sole trader is often a simple and cost-effective way of launching into a new business. […]
Small Business Accountants
Marketing your business: how to identify why you do what you do
It’s said that a business is only as good as its service offerings. While there’s some definite truth in this, a business could sell the best quality products and services at an attractive price point, but if no one knows about it, how will it ever become successful? Enter: Marketing. Promoting, researching and advertising – […]
News
Allocation of Professional Firm Profits: ATO Compliance Approach
Are you a professional practitioner operating a medical/allied health, architectural, engineering, accounting, legal, or other professional firm? This update is for you. In March 2021 the Australian Taxation Office (ATO) released Draft PCG 2021/D2. This new draft guideline sets out the ATO’s proposed compliance approach to the allocation of professional firm profits. Want to know […]
News
BREAKING NEWS: Major Win for Australian Employers – High Court Rejects Casual Backpay Claim
In breaking news, and some good news for Australian businesses, the High Court has just this week, overturned a decision that was set to see long-term casuals receive paid leave entitlements. Want to know what this High Court win means for employers? Read more from your trusted team of Gold Coast business accountants at Crest […]
Medical
When Should you Invest in More Equipment?
Dentistry training and industry specific dental equipment go hand in hand. So, while dentist’s work hard to keep up to date with the latest skills and training, it makes sense that innovative dental equipment and technologies should reflect this. Want to know when you should invest in more dental equipment? Read more from the specialised […]
Tax
Tax Planning for EOFY 2021: 3 Things to Review
It’s almost that time again. Just around the corner, it’s the end of financial year 2020-21, so that means now is a great time to start planning your tax strategies (if you haven’t already). There are some key items to review before the start of a brand-new financial year which are relevant to both individuals […]
Small Business Accountants
How to Prepare Your Business for the Festive Season
This year has either flashed right past us or dragged on too long, with very little in between. News flash! Christmas is just around the corner, so if you’re in business, it’s time to get on track now to prepare for next month and the new year ahead. So, how can you prepare your business […]
COVID-19
Reminder: QLD Coronavirus Land Tax Relief Closes 30 June 2020
Overview You may be eligible for one or more of the following land tax relief measures: a land tax rebate reducing land tax liabilities by 25% for eligible properties for the 2019-20 assessment year a waiver of the 2% land tax foreign surcharge for foreign entities for the 2019-20 assessment year a 3 month deferral […]
News
COVID-19 Adaption Grant Program, Round 2 is on its way!
The Queensland Government is extending the Small Business COVID-19 Adaption Grant Program – applications will open on Wednesday 1 July 2020 with grants of up to $10,000 available. As part of Stage 2 of Queensland’s Economic Recovery Strategy – Unite and Recover for Queensland Jobs, up to $100 million is being made available to deliver […]
COVID-19
How to prepare for 2020 EOFY as a Small Business
The end of financial year (EOFY) will look very different this year than previous years. Australian small businesses have done it tough in recent months, with forced closures in entertainment, beauty, hospitality, tourism and an overall lack of consumer and business cashflow. While we’re not expected to see the full impacts of economic downturns and […]
COVID-19
COVID-19: Monitoring the Gold Coast Property Market in 2020
The sandy beaches, sunshine and laid-back lifestyle has long made the Gold Coast a tourist hotspot and great place to live. At the start of the year, the forecast for the Gold Coast property market looked very positive. But as we’ve seen both nationally and internationally, predictions of economic strength and even life as we […]
News
2020 Queensland Small Business Adaption Grant up to $10k
Small businesses in Queensland can now apply for grants worth up to $10,000 under a new $100 million support package announced this week by the Queensland Government. The COVID-19 Adaption Grant Program has been developed to assist those small businesses forced into hibernation, to restructure or to significantly change their business operations or move online. Please note the […]
Hospitality
4 Ways to Keep your Hospitality Business Alive during Economic Uncertainty
Whether it’s a coffee at the local, a night out with friends or a bite from the cafe near work – hospitality is where smiles are guaranteed, good times shared, and delicious offerings consumed. Sadly, the dine-in hospitality experience has been compromised seemingly overnight and only slowly and carefully emerging again. So, as a hospitality […]
Child Care Services
COVID-19: Understanding the Early Childhood and Care Relief Package
Our nurses, doctors, Gold Coast Accountants and other essential workers have one thing in common – they were all children once, in need of care and education. The care and education of our children is so important for our future. Even in times (like right now) when the economy is slowing down, and times are […]
Professional Services
4 Ways to Remain Positive and Proactive in Professional Services
From lawyers to architects, engineers to town planners – there’s no denying COVID-19 has affected all professional services in one way or another. It could range from working from home, or reduced hours and income because less people are engaging with your professional services. What’s important is remaining positive and proactive in your business – […]
News
$500 million COVID-19 Jobs Support Loans
COVID-19 is causing businesses around the world to experience major falls in demand for their products and services. To help your business withstand and recover from the economic impacts of Coronavirus, new measures and other assistance options are now in place to help you. The Queensland Government has opened applications for the $500 million COVID-19 Jobs […]
Startup
Why an Accountant should help set up your start up
Starting a business is exciting, fulfilling and rewarding, among many other things. What it can also be though, is daunting, confusing and difficult. It doesn’t have to be though, with the right professionals by your side. What makes it even easier, is when you have those professionals by your side from the very beginning. One […]
News
Business Accountant – 3 Accounting Tips for Women in Business
More and more women are going into business for themselves. In fact, according to the Australian Bureau of Statistics, women now operate one-third of all Australian small businesses, with a 46% increase in women-led businesses in the past two decades – talk about ‘girl power!’ As this number continues to grow, so does the importance […]
News
Business & Accounting New Year Resolutions
New Year’s Resolutions – we all make them. Whether we keep them or break them though, that’s another story… Health, relationships and fitness related resolutions seem to be the most common, but what about our business, finances and accounting new year resolutions? Shouldn’t we be considering those too? We should! How do we expect our […]
News
Your Business and the Holiday Season
Do you love Christmas and the holiday season, or would you rather push through your work all year round? Christmas and the holiday season are great for employees to refresh themselves before a brand-new year gets underway and get the chance to be merry with friends and family festivities. But what about your business? How […]
Asset Protection
Asset Protection and how an Accountant can help
You’ve worked hard for your assets; your home, business, cars, boat, shares and any other investments you may have, but are they adequately protected? Yes, you may have home and car insurance, but have you actually protected your wealth? These days, we have many things to worry about, and whilst we don’t want to add […]
SMSF
ATO Querying SMSFs Investment Strategies
Have you received a letter from the ATO about your SMSF? At the end of August 2019, The Australian Tax Office (ATO) sent letters to approximately 17,700 self-managed super fund (SMSF) trustees and their auditors. Why you received this letter? Under regulation 4.09 of the Superannuation Industry (Supervision) Act (SISA), your current SMSF investment strategies […]
E-Commence
Why you Need an Accountant for Your E-Commerce Business
What is an ecommerce business? An ecommerce business is essentially any business that is conducted electronically on the Internet. There’s ecommerce for one-off sellers who want to sell their new and used products online like Gumtree and Facebook marketplace. Then there’s your more niche ecommerce businesses who sell specific items, catering to specific needs. For […]
Medical
4 Ways to improve Medical and Dental Practice Profitability
Medical and dental practices are profitable businesses, right? Not necessarily. Having a solid business plan and the right systems and processes in place can mean the difference between a successful and profitable practice, and an unsuccessful practice with many losses. At Crest Accountants on the Gold Coast, we have spent many years consulting with medical […]
Startup
5 of the Major Legal Risks Faced by Start-Ups
So, you’ve decided to take the plunge and start your own business. It’s exciting and you can’t wait to start getting customers, hiring staff and watching your business grow. This is all very well and good, but sometimes, amidst all this excitement and hard work, business owners can forget about the many legal risks involved. If you’re […]
Medical
How to Put Together a Budget for Your Medical Practice
A budget – it’s the key to success for any business. And for a medical practice or business in the allied health industry, it’s no different. Putting together a budget should be an annual exercise, but many medical practices never establish one, or if they do, never look at it again, deeming the entire budget […]
Cashflow
Cash in or Cash Out? 3 Tips to Increase your Business Cash Flow
Cashflow. It’s the lifeblood of your business because, let’s face it, without it, you have no business at all. In business, particularly in the early years, cashflow can be really tricky. Tricky to increase and tricky to manage. You have to spend money to make money, this is true, but some businesses shouldn’t be spending […]
Xero
‘In The Cloud’ Accounting – Is Xero Right for By Business?
Xero – It’s one of the most popular accounting software packages available, but how do you know if it’s right for your business? With so many different Cloud-based accounting software to choose from nowadays, it’s not an easy choice. At Crest Accountants on the Gold Coast, we are highly experienced in cloud accounting and are here […]
Structure
Want to Grow your Business? How Structuring it the Right Way can Help
Do you want your business to grow? If you’re reading this blog, then the answer is likely yes. As a business owner, you know your service inside and out and you’ve likely built your business around your skills, abilities and vision. What you may not know, is that how you structure your business, can be […]
