As well as incorporating your Australian Proprietary Limited company with ASIC, if you wish to trade in Australia, you will need to separately register with the ATO (the Australian Tax Office) for one or more of the following registrations:

• an ABN (Australian Business Number, typically your Australian Company Number prefaced with two extra digits - registered with the Australian Business Register on behalf of the ATO)
• GST (Goods & Services Tax)
• PAYG (Pay-As-You-Go, an employee income tax withholding system)
• TFN (Tax File Number)
• FBT (Fringe Benefits Tax)
• Substituted Accounting Period application

Beachhead can undertake all these business and tax registrations.

Expedited Business Establishment Services

Australian Public Officer Insights

From the simplest of local competitive pricing analysis to full-blown, multi-variable integrated Balance Sheet, Cash Flow and P&L; multi-year plans, there’s a business plan or financial model service to suit your requirements.

Start-up Entrepreneurial –

• Customised, template-based Business Plans for brand new Start-Ups

New Australian Market Entry for Inward Investors –

• Local adaptation of parent company’s corporate P&L, Balance Sheet and Cash Flow Excel® models to reflect local costs, conditions, statutory obligations & realistic local market forecasts.

Financial Modelling

As part of the suite of services offered by Beachhead, our Business Modelling service provides an efficient and customised approach to some or all these typical business requirements:

• Integrated Balance Sheet, Profit & Loss and Cash Flow Analysis
• Multi-variate 1, 3 & 5-year Business Plans
• Market Analysis and Comparison Indices
• Product Profitability Pricing Regression Analysis
• Transfer Pricing
• NPV-based Project/Investment Prioritisation Modelling

Beachhead provides a comprehensive range of bookkeeping and accounts functions for your Australian subsidiary. We have a deep understanding of what an international business requires when operating in Australia and we go beyond bookkeeping to provide a holistic solution that fully integrates with your international business.   Our range of bookkeeping and accounts services includes:

• Establishment and integration of your bookkeeping and accounts
• Accounts functions – accounts payable, accounts receivable and collections
• Cash flow forecasting and reconciliations
• Accounts compliance with the ATO, ASIC and other legal entities
• Taxation services to comply with tax obligations including Business Activity Statements (BAS) and Company Tax Reporting
• Financial reporting

The Australian tax system consists of a mix of direct and indirect taxes levied at both the national (Federal or Commonwealth) government level and state level. Some local government taxes may also apply.

Taxation is based on a self-assessment model and individuals and companies are required to lodge an annual Income Tax Return for each financial year.   The ATO may undertake audits of tax returns. Other tax obligations and requirements may also apply such as GST and PAYG.

• Withholding taxes are withheld by the employer or payer and are payable to the ATO on a number of payment types and situations. This includes dividends, interest or royalties which are paid to a foreign entity.
• Pay-as-you-go (PAYG) regulations apply in a number of situations including the withholding of employee salary or wages representing the employee's income tax payable which must be remitted to the ATO on their behalf.

Whilst most taxes are managed by a national/federal level via the ATO, there is one tax that is levied at a state-based level: State Payroll Tax.

Beachhead undertakes all relevant tax requirements, returns and payments including GST, Income tax and state taxes, Company Tax Returns and Management Accounts

The Australian banking system is highly developed, well-capitalised and amongst the most highly rated in the world. There are four dominant national banking groups in Australia. These are the Australia and New Zealand Banking Group (ANZ), Commonwealth Bank of Australia (CBA), National Australia Bank (NAB) and Westpac Banking Corporation (Westpac).

Trading businesses must have a local bank account for ATO tax purposes (for both payment and/or receipt of quarterly BAS payments/refunds and annual tax accounts).

Beachhead assists our clients with opening banking facilities. This includes coordinating the KYC (Know Your Customer) identification requirements which we can expedite as required. Specialist foreign exchange, fintech and other financial institutions can be engaged as required.

Grants and funding programs are available from Australian federal, state & territory and local governments.   Two common business grants or tax incentives are:

• The Research and Development Tax Incentive (R&DTI) provides a tax rebate or offset for companies conducting eligible R&D activities in Australia.
• Export Market Development Grants (EMDG) helps Australian small to medium companies to market and promote their goods and services globally.

Beachhead can identify suitable grants and programs and assist in the application and grant writing process.