Everything you need to start your business the right way — from ABN to GST and beyond
Starting a new business can feel overwhelming, especially when it comes to navigating the legal, tax, and administrative requirements. Raymond Partners has guided countless new business owners in Warragul and across the Baw Baw Shire through exactly this process — making the set-up quick, correct, and stress-free.
Our clients regularly tell us that in a single day, we can have their company formed, ABN ordered, and GST registration in place — everything that seemed daunting becomes straightforward with experienced guidance.
Raymond Partners handles everything from choosing the right business structure and registering your ABN and GST, through to setting up payroll, advising on record-keeping systems, and preparing your first BAS. We make sure your business starts on the right financial footing from day one.
The best structure depends on your goals, risk profile, and tax situation. Sole traders have lower set-up costs and simpler reporting but no liability protection. Companies offer limited liability and a flat corporate tax rate. Trusts provide income distribution flexibility. Raymond Partners will walk you through the trade-offs and recommend the right structure for your circumstances.
ABN registration is usually processed within 1-2 business days. GST registration is typically activated upon approval. Raymond Partners handles these applications on your behalf — we can often have everything in place within a day, as one of our clients experienced when they needed to move quickly.
You must register for GST if your projected annual turnover is $75,000 or more. Below that threshold, registration is optional — though there are sometimes advantages to registering voluntarily. Raymond Partners can advise whether early registration makes sense for your specific business.
The most widely used cloud accounting platforms in Australia are Xero, MYOB, and QuickBooks. The right choice depends on the size and complexity of your business and your team's technical comfort. Raymond Partners can advise which platform suits your situation and help you get set up correctly.
Employers must register for PAYG withholding, meet superannuation obligations (currently 11.5%), and report through Single Touch Payroll (STP). Raymond Partners can set up your payroll system and ensure your employment obligations are met from day one.
In your first year, you'll generally pay income tax on net business profit at your marginal rate (sole trader) or the corporate rate (company). You may also need to make PAYG instalment payments during the year. Raymond Partners will help you understand your first-year tax position and plan accordingly.
Many start-up costs are immediately deductible in the year the business commences, including professional fees, registration costs, and certain capital expenditure under the instant asset write-off provisions. Raymond Partners will identify all eligible deductions to reduce your first-year tax burden.
Talk to Raymond Partners before you register anything — the right structure from day one makes all the difference.
Book a Consultation 03 5622 3587