Business Startup and Planning

Get it right from the start

When you commence a new business, not getting it right at the start can be extremely costly.

There are numerous issues to take into account and at Patison Partners we have a wealth of experience assisting small businesses set up ensuring you get it right from the start.

We understand that whilst this is an exciting time for you, we know it can be a stressful time for you as well. With so much to consider, you may be concerned in the rush, that something may be missed. So let us help you with this process.

Following is a list of some of the issues you need to consider:

  • Business Structure (Sole Trader, Company, Trust, Partnership)
  • Tax Registrations (ABN, TFN, GST, Workcover, etc.)
  • Employer Obligations (Superannuation, Workcover, PAYG)
  • Business and Equipment Finance Options
  • Appropriate Insurance Coverage (Business, equipment, risk)
  • Software Selection and Training
  • Cashflow Forecasting
  • Budgeting
  • Ongoing Tax Compliance

A major issue to consider when starting your business is what business software do you need? This is a very important decision and can be very confusing.

Too many times, we have seen a client suffering because their software is too cumbersome and complicated to use or is simply not equipped to handle a growing business.

At Patison Partners, we recommend the following products and our staff have a wealth of experience at using these:

  • QuickBooks
  • Cashflow Manager
  • MYOB
  • BankLink

Each product is suited to different business circumstances, therefore we recommend that you speak with one of our professionals who can assist you in making this critical choice.

We can assist you with the implementation of this software and train you using it. We can also help you with our bookkeeping service.

Patison Partners are affiliated with a business called IT Figures who can work with you. Click here to learn more about the team at IT Figures.

Warragul Office
61-63 Victoria Street
Warragul Vic 3820
03 5623 2276

Pakenham Office
3 Cook Drive
Pakenham Vic 3810
03 5941 3322

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