Trying to get started but I have two big questions.
1) Could anyone could recommend a reliable accountant in Adelaide or anywhere SA
2) Trying to figure out how to create my own company from day 1 so that all expenses are tax deductable. However I understand I can't get a ABN unless I am having some revenew. Where do I start? I am missing something? Would an accountant be able to help me with that I should go somewhere else?
Thanks a million!Sorry cant help you on Qu 1 but as for 2
"Anyone carrying on an enterprise needs to be registered for an ABN" doesnt mean that you have to wait until you have some revenue.
Also remember a sole trader, partnership, Trust or other entity can operate a business you don't have to go to the expense of setting up a Pty Ltd Company straight up.
If you have incurred business expenses in the course of generating an income you will be able to claim the expense.
Richard Taylor | Australia's leading private lender
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