Starting a New Business

Our Services

Starting a new business is an exciting step, but it also comes with many important decisions. From choosing the right business structure to registering for tax obligations, setting up accounting software and understanding your responsibilities, there are many moving parts that need to come together before you begin trading. At Atium Accounting, we help new business owners throughout Bendigo, Central Victoria and across Australia build a strong foundation from day one.

Whether you’re starting as a sole trader, company, partnership or trust, our experienced accountants will guide you through every stage of the process. We take the time to understand your goals, explain your options in plain English and ensure your business is set up correctly from the beginning.

Our aim is to remove the uncertainty of starting a business so you can focus on growing your business with confidence.

Helping You Choose the Right Business Structure

One of the first decisions you’ll make is choosing the right business structure. This decision can affect your tax obligations, asset protection, future growth opportunities and how your business operates.

There is no one-size-fits-all solution. Some businesses are best suited to operating as a sole trader, while others benefit from a company, family trust or a combination of structures. We take the time to understand your personal circumstances, expected income, future plans and long-term goals before recommending the most appropriate structure.

Making the right decision at the beginning can help avoid unnecessary costs and complications in the future.

Business Registrations Made Easy

Once you’ve chosen the right structure, there are several registrations that may be required before you begin trading. Atium Accounting can manage this process for you, ensuring everything is completed correctly and lodged with the relevant government agencies.

Depending on your circumstances, we can assist with registering your Australian Business Number (ABN), Tax File Number (TFN), Goods and Services Tax (GST), Pay As You Go (PAYG) Withholding, Fringe Benefits Tax (FBT) and company registrations. We can also assist with business name registrations and provide guidance on your ongoing compliance obligations.

Having everything registered correctly from the beginning helps your business operate smoothly and reduces the risk of issues later.

Setting Up Your Accounting Software

Good accounting systems make running a business much easier. We work with new business owners to implement accounting software that suits their business and provides accurate financial information from the very beginning.

As a Xero accounting practice, we recommend Xero for many small businesses because it provides real-time financial information, bank feeds, invoicing, payroll, reporting and easy collaboration with your accountant. We also assist clients using MYOB, QuickBooks and other accounting software where appropriate.

We’ll help configure your chart of accounts, connect bank feeds, customise invoices and ensure your software is ready before you begin trading.

Bookkeeping Support

Many new business owners underestimate how important bookkeeping is during the early stages of business. Keeping your financial records accurate from the beginning makes preparing BAS, tax returns and financial statements much easier while also giving you confidence in your business performance.

Our bookkeeping team can assist with transaction processing, bank reconciliations, payroll, accounts payable, accounts receivable and GST coding. Whether you want us to manage your bookkeeping or simply provide guidance while you do it yourself, we’ll work with a solution that suits your business.

By establishing good bookkeeping habits early, you’ll spend less time fixing problems later.

Understanding Your Tax Obligations

Starting a business also means understanding your taxation responsibilities. Many new business owners are unsure when GST applies, when they need to lodge a Business Activity Statement, how income tax works or what records they need to keep.

We explain your obligations clearly so you know exactly what is required throughout the year. We’ll help you understand GST, BAS and IAS lodgements, PAYG withholding, company tax, superannuation obligations and other reporting requirements relevant to your business.

Having professional advice from the beginning helps avoid common mistakes and ensures your business remains compliant with Australian Taxation Office requirements.

Cash Flow and Budgeting

One of the biggest challenges facing new businesses is managing cash flow. A profitable business can still experience financial pressure if cash flow is not managed effectively.

We work with new business owners to develop realistic budgets, estimate taxation obligations and understand how money moves through the business. By planning ahead, you’ll have greater confidence making decisions about purchasing equipment, employing staff or investing in future growth.

Understanding your financial position early helps create a stronger and more sustainable business.

Business Advice Beyond Compliance

Our relationship with clients doesn’t end once the business has been established. As your accountant, we’re here to support you throughout every stage of your business journey.

As your business grows, we can assist with tax planning, financial statements, Business Activity Statements, payroll, bookkeeping, company tax returns, trust tax returns, business structure reviews and ongoing accounting advice.

We believe the best accountant is someone you can contact throughout the year whenever important decisions arise, not just at tax time.

Supporting Businesses Across Many Industries

We work with businesses across a wide range of industries, including trades, construction, healthcare, professional services, agriculture, retail, hospitality, transport, consulting, property investment and many other sectors.

Every industry has different challenges and reporting requirements. Our advice is tailored to your business, ensuring your accounting systems and taxation obligations support the way you operate.

Whether you’re launching a side business, purchasing an existing business or turning a passion into a full-time career, we can help you start on the right foot.

Growing With Your Business

The needs of a business change over time. What works during your first year may no longer be appropriate as your business expands, employs staff or increases its turnover.

We regularly review our clients’ businesses to ensure their accounting systems, business structure and taxation strategies continue to support their goals. As your business grows, we’ll provide proactive advice to help you manage new opportunities and changing compliance requirements.

Building a long-term relationship with your accountant means you’ll always have someone who understands your business and can provide advice when you need it.

Why Choose Atium Accounting?

Atium Accounting understands that starting a business can feel overwhelming, particularly if you’ve never been in business before. Our role is to simplify the process by providing practical advice, clear communication and ongoing support.

We take the time to understand your goals before making recommendations, ensuring every decision supports your long-term success. Rather than offering generic advice, we tailor our services to your individual circumstances and provide guidance that grows with your business.

Our clients appreciate having one trusted accounting firm that can assist with business registrations, bookkeeping, BAS, payroll, tax returns, financial statements, business advice and ongoing taxation support as their business develops.

Helping New Businesses Across Australia

Although we’re based in Bendigo, we help new business owners throughout Victoria and across Australia. Using secure online meetings, cloud accounting software and electronic document signing, we make it easy to receive professional accounting advice wherever you’re located.

Whether you’re based in Bendigo, Heathcote, Castlemaine, Echuca, Shepparton, Melbourne or anywhere else in Australia, you’ll receive the same personalised service and practical advice from our experienced team.

Start Your Business With Confidence

Starting a business is one of the biggest financial decisions you’ll make, and having the right advice from the beginning can make all the difference.

Atium Accounting can help you choose the right business structure, register your business, set up your accounting software, understand your tax obligations and establish financial systems that support long-term success.

Whether you’re starting a small business, purchasing an existing business or launching a new venture, we’re here to guide you every step of the way.

Contact Atium Accounting today to book a consultation and discover how our experienced team can help you start your business with confidence and build a strong foundation for future success.