Frequently Asked Questions

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Home / Business Services / Business Tax Accountant

Business Tax Accountants on The Gold Coast

Business Structuring & Tax Advice Services

A Business Tax Accountant plays a crucial role in setting up your business structure effectively, a key to initial success. Often, companies set up their structure hastily, without considering long-term implications. A proper setup with the guidance of a tax accountant not only protects assets but also unlocks potential tax benefits.

Correctly structuring your business from the start, with the expertise of a business tax accountant, can prevent frustrating and costly issues like inflexibility in team expansion, succession planning challenges, inadequate asset protection, and missed opportunities for tax reduction strategies.

For those establishing a new venture or restructuring an existing one, the advice of a knowledgeable accountant is vital for long-term success. Your business structure may evolve as your company grows, and a Tax Accountant will align it with your business stage and strategic plans.

Our team will evaluate your business goals, financial situation, long-term vision, and any unique circumstances to determine the most advantageous structure for your business. Understanding that each business is unique, our Business Accountant will also provide guidance on optimal timing to help you achieve your goals. Let a skilled accountant from our team ensure your business structure is primed for success.

Business Tax Accounting

Why is it important to have the right business structure? An appropriate business structure allows you to:

Minimise risks to the business
Set up your business for future transition of ownership, if needed
Establish the right business structure to secure funding or equity
Protect your business assets
Minimise compliance costs
Operate more efficiently
Maximise your tax efficiencies
Maximise your wealth
Achieve your business and personal goals

Common Business Structures

The most common business structures are:

Sole trader
Trust
Company
Partnership

Each structure has its own distinct advantages and disadvantages depending on the unique circumstances surrounding your business. Once we’ve helped you pinpoint the best business structure to suit your needs, we’ll help you understand the implications of structuring your business or changing your business structure.

If you’re happy to proceed, we’ll assist you to implement this business structure and advise you on what your tax obligations may be.

If you’re setting up a new business, seek expert business structuring and accounting advice as soon as possible to determine the business structure that will be suitable for you and your family, both now and into the future.

Discover more of our business accounting services here.

Book an obligation-free consultation here.

(07) 5593 6060

Book Now

What Our Clients Say

Chris and the team have offered constant and ongoing advice and support as we’ve faced the challenges of a fast-growing business. QC Accountants have been able to keep up with us and guide us each step of the way. QC’s highly experienced and friendly staff have a deep understanding of our business’s unique needs and are an absolute pleasure to work with. I’d recommend QC to anyone as they’ve always been there offering excellent support whenever needed.

When purchasing our business Chris from QC Accountants provided a comprehensive due diligence report and this report was crucial in understanding the business we were purchasing. We then used this information to negotiate the purchase price. He also assisted with providing documentation to the bank to help secure our business loan. The past 18 months during COVID have been challenging, Chris’s ongoing support, help and advice has been priceless during this difficult period. QC Accountants took the stress away when applying for Job Keeper, cash-flow boost and Government grants. AC Fitouts is extremely happy with Chris and the team at QC Accountants. They are wonderful to work with and I would highly recommend their services. They are professional, knowledgeable, reliable and friendly.

QC Accountants has been of great assistance to my business in setting up and implementing an efficient accounting system which has permitted strategic decision making surrounding marketing, service expansion and investments. They have great communication, a friendly and down to earth team, and are transparent and always willing to assist or provide advice when needed. QC has an array of services which were tailored to our individual business needs, not to mention competitive pricing.

QC Accountants have been instrumental in the growth and streamlining of my business. They have assisted me with tax grants that I would have otherwise not known about or been unable to complete alone. The team at QCA are very responsive, friendly and patient. If I have a problem or question, they are onto it right away. I would recommend them to everyone because they are an honest and local business that you can trust.

QC Accountants were a shoulder to lean on in our early days, helping and guiding our business to meet all our regulatory and financial obligations. They kept their steady hand on the tiller, playing the role of Chief Financial Officer, from financial modelling, budgeting, bookkeeping, financial accounts preparation, board management accounts, liaising with our auditors - nothing was too much. This allowed us to focus on growing our business with their financial input which was invaluable! Their accessibility, their willingness to listen to our particular needs and coming up with a solution is first class. For any business out there that doesn't have the ability to have a dedicated Financial Director then appoint QC Accountants. They will get the job done and give you back the time to focus on what is important to you and your business.

QC Accountants have been a great foundation of knowledge and support for us as new business owners. I'm able to call or email anytime with the same day turnaround and there is always someone on hand to help navigate any issues within the business. There is never a problem too big or small! I would recommend QC Accountants because they are relatable, reliable and efficient. As a new business owner learning the ropes, it is really nice to be able to call and have someone teach me the process in how they solved an issue so I can learn along the way. I've always felt like there are no silly questions and we are all part of a team.