Business
Business structure advice and planning
Choose the right structure, plan for growth and get ready for what comes next, with tax advice in plain English.
Rated 5.0 out of 5 from 25 Google reviews · Chartered accountants · Registered tax agent
Business structure advice for where you are now
Good business structure advice looks at tax, risk and your plans for the future. In a Setup Right session we explain the options in plain English and help you choose. Then we handle the set-up and the registrations you need and are eligible for. We can review your structure as your business grows.
Is this you?
You’re starting a business and don’t know which structure to use.
Your business has grown and your structure no longer fits.
You’re thinking about selling, retiring or handing over to family.
What we do
Structure
- New business setup and structure selection
- ABN, GST, PAYG withholding and tax file number registrations, where required or appropriate
- Company and trust set-up, including the documents, registrations and the identity checks the law requires
- Structure reviews and restructuring advice
- Tax and accounting effects of shareholder and unit holder arrangements
Growth
- Budgets, cash flow forecasts and scenario planning
- Monthly or quarterly management reports and KPIs
- Break-even and profitability analysis
- The tax side of buying or selling a business
Our services cover tax and accounting advice. Legal documents come from a specialist legal document provider or your lawyer, and we don’t give legal advice. We do not provide services requiring an Australian financial services licence or an Australian credit licence.
Sessions and set-up prices
Setup Right
Before you start, buy or restructure: a 60-minute session on the right structure for your business or investments, then a written summary of our recommendation, set-up costs and next steps. $600 + GST ($660 incl. GST).
Partners or existing groups: a 90-minute session with the same written summary. $1,200 + GST ($1,320 incl. GST).
Complex matters, such as restructures or buying or selling a business: from $1,800 + GST (from $1,980 incl. GST).
The session fee is credited in full against your first-year fees if you go ahead within 60 days.
Set-up prices
Company set-up: from $2,200 incl. GST, all-in. Includes the ASIC registration fee, the documents and the identity checks the law requires.
Family trust with a company trustee: from $3,300 incl. GST, all-in. Includes the trustee company’s ASIC fee, the trust deed and identity checks. Any stamp duty is extra.
Restructures and other structures: quoted after a Setup Right session.
We advise on the tax side. Legal documents come from a specialist legal document provider or your lawyer, and we don’t give legal advice.
Your accountant in Carnegie
Angkor CA was founded in 2018 by Hy Seng, who has worked in accounting since 2013. We’re based in Carnegie, we explain things in plain English, and we speak English and Khmer.
Frequently asked questions
Sole trader, company or trust: which is best?
There is no single best structure. A sole trader is generally simplest and cheapest, but you are personally liable. A company is a separate entity taxed at its applicable company tax rate. Limited liability has exceptions, and taking money out of a company can have further tax consequences. A discretionary trust may distribute income among eligible beneficiaries, subject to its deed and the tax rules. We compare the tax and costs, and your solicitor advises on liability and legal protection.
Can I change my structure later?
Yes, but restructuring can trigger capital gains tax, income tax, GST and Victorian duty, particularly for land or interests in landholding entities. Rollovers and duty relief have separate conditions. We also check registrations, payroll tax, land tax and WorkCover where relevant.
Will I pay tax when I sell my business?
A sale can have capital gains tax, income tax and GST consequences, depending on what is sold and your structure. Eligible capital gains may qualify for the small business CGT concessions, which have strict conditions. We assess the taxes and your eligibility well before the sale.