Setup Your Business Right.

 
We create and provide you with a plan to set up a solid foundation for minimising tax, protecting assets and facilitating growth.
Improve efficiency and scale your business with the right apps like Quickbooks Accountant Gold Coast and Xero Bookkeeper Gold Coast
We have found that over 60% of businesses have been paying more than to the ATO than they should be. Most often than not, this is due to not starting the business with the right foundations.  These include:
  • Setting up the right business structure;
  • Understanding your entities;
  • Understanding how to set up correct bookkeeping and record-keeping processes.
  • Having an ongoing relationship with their accountant to plan.
If you have an existing business we can provide you a second opinion about your prior year tax returns.  Small businesses have the opportunity to correct any mistakes within the last 2 years.
  • Business Structure Advice

    If you're serious about starting a business, then you must first take into consideration what type of entity (sole trader, partnership, company or trust) you will be operating in.  The right advice is crucial to ensure your business is set up as best as possible for success. 

    Unfortunately, many entrepreneurs decide to skip the research and planning around this stage as they often believe that they can either do it themselves or feel its too expensive. 

     

    9 times out of 10 we find that those that "self-diagnose" often end up with issues with tax, asset protection and growing their business.  In the long run, costing them thousands of dollars more. 

    Get it right from the start with help from our Gold Coast Accountants and Business Advisors

  • Setting up for Tax & Registrations

    Transitioning from an employee to business owners is far from easy. 

    Tax surprises are a common pain point when it comes to new entrepreneurs and business owners.  They often make their first year of profit then realize they have not saved enough (or nothing) for Tax, GST and PAYG.

    We help our clients understand (in simple terms), how tax works specifically for their particular situation.  Everyone's is different so its important to understand yours. 

    We also assist with making sure that you are registered for the correct taxes in Australia for businesses.  

  • Cloud Bookkeeping

    If you're not set up on either Xero or Quickbooks Online, then you're already a fair few steps behind your competitors.

    Cloud Bookkeeping will allow you to grow and scale your business quicker by reducing your time spent on record keeping and by providing you with real-time figures to assess your businesses profit, cash flow and tax.

    You will be able to access your figures wherever there is an internet connection, allowing you to keep your finger on your businesses pulse. 

    Our team of experienced bookkeepers can help you set up the right software and streamline your processes for your business.

  • Asset Protection

    Businesses can allow you to live an amazing lifestyle, work when you want and provide high profits. 

    Where there are high returns, also comes risk.  You as a business owner need to make sure you protect everything that you have worked hard for. 

    We, alongside our team of tax lawyers and commercial lawyers, ensure that you are protected in the best possible way.  

    In this day and age, unfortunately, people sue each other for the smallest things.  If you plan ahead and build your walls now, then you reduce the risk of anything happening to your hard-earned assets. 

  • Due Diligence Advice

     

    Whether you're looking to purchase an existing business or inheriting a family-owned asset, its crucial to make sure that you check that everything is above board. 

    The process of a due diligence involves our team doing a deep dive into the businesses financials to ensure that you are buying what you think you're buying. 

    Any skeletons in the closet should be uncovered and the end result is piece of mind in knowing that you are making the right decision in your purchase. 

    Done correctly, could mean the difference between buying a ticking time bomb or a gold mine.

  • Goals, Planning, and Projections

    Many startups dive headfirst into business without planning or creating a game plan. 

    They end up not knowing their target audience, not understanding their product unique value proposition, ​wondering how much they will need to start the business, and worst of all, not knowing how much profit the business will make!

    We recommend that our clients prepare a 12-month profit and cash flow projection to allow them to predict the success of the business before starting. 

    Without this, you're basically flying blind, hoping and wishing that you end up in the right place. 

Why New Wave?

Every month we take on new clients with these same concerns:

 
  • I don't understand my structure;
  • I think I'm paying too much tax;
  • I never hear from my accountant;
  • I not sure how much money my business is making.
     
We believe that today’s client is looking for a service provides more than just tax advice.  We also believe that with the available technology such as Xero Bookkeeper and Quickbooks Accountants Gold Coast can deliver higher-value services that impact on profitability and growth instead of focusing on historical figures. The team of New Wave Accountants has designed a service that not only focuses on minimizing tax but also to ensure that the business will grow and scale. Higher revenue, more profit and less tax.
Businesses that we find pay too much tax
60%
Largest refund found for overpaid taxes
$188,000
"We take a holistic approach toward each of our business clients. Our clients consistently experience more profit, improved cash flow, and less tax."
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NEW WAVE ACCOUNTING - GOLD COAST ACCOUNTANTS

Suite 5, 2481-2483 Gold Coast Highway

Mermaid Beach QLD 4218, Australia

© 2019 New Wave Accountants & Business Advisory - Gold Coast Accountant

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