Our Services/ Business Startups and R&D

BUSINESS STARTUPS and R&D

SC Accounting

Helping Your Business Flourish from Inception to Innovation

At SC Accounting, we understand that embarking on a new business venture or engaging in Research and Development (R&D) activities can be both exhilarating and challenging. As a dedicated accounting firm, we are here to provide you with comprehensive financial guidance and support throughout your journey, empowering you to focus on what you do best – building a successful and innovative enterprise.

We have a large connection of service providers to assist and can connect you with the following services:

  • Personal Insurance – using our connection with Akambo Private Wealth and our extensive industry connections, we can assist finding a broker to meet your needs
  • Mortgage and Finance Brokers – We have a large connection with Mortgage brokers, banks and asset finance companies
  • Legal Service Providers – We have extensive networks of legal advisors to assist in all your legal needs including Bayside and CBD based firms specialising in (please look at this website for inspiration https://nevettfordlawyers.com.au/) Nevett Ford is our recommended legal advisors and is partly owned by my close friend.

Business Startups: Laying the Foundation for Success

Starting a new business is like planting a seed that has the potential to grow into a thriving tree. It requires careful planning, strategic decision-making, and meticulous execution. Our team of experienced accountants is well-versed in guiding entrepreneurs through the intricacies of business formation. Whether you are a seasoned entrepreneur or a first-time business owner, we are committed to tailoring our services to meet your specific needs. Our startup services include the following services

Business Entity Selection and Registration
Financial Projections and Budgeting
Tax Planning and Compliance
Bookkeeping and Accounting Systems
Business Advisory Services

Choosing the right business structure is vital for legal protection, tax advantages, and operational flexibility. We will assess your business goals and assist you in selecting the most suitable entity, such as a sole proprietorship, partnership, LLC, or corporation, while ensuring compliance with all legal requirements.

Accurate financial projections and budgeting are essential to secure funding and make informed business decisions. Our financial experts will help you create realistic forecasts and budgets to demonstrate your business's potential to investors and stakeholders.

Navigating the complex tax landscape can be daunting for new businesses. Our team will develop effective tax strategies to optimize deductions, credits, and incentives, ensuring you remain tax-compliant and minimizing your tax burden.

Efficient bookkeeping and accounting systems are the backbone of any successful business. We will set up and streamline your financial processes, giving you access to real-time financial data to make informed choices.

As your trusted advisors, we go beyond number-crunching to offer valuable insights and guidance on various aspects of your business. From pricing strategies to growth opportunities, we are dedicated to your long-term success.

SC Accounting

Research and Development (R&D) Support: Innovate with Confidence

Innovation is the driving force behind growth and competitive advantage. As businesses invest in R&D activities, they face unique financial challenges and opportunities. Our team at SC Accounting is well-equipped to provide R&D-focused services tailored to your industry and goals. Our R&D support includes the following services

R&D Tax Credits and Incentives
Grant Funding Assistance
Cost Allocation and Tracking
Financial Reporting for R&D Projects

Many governments offer tax credits and incentives to businesses engaged in qualifying R&D activities. Our experts will help you identify eligible activities and expenditures, maximizing your potential to claim these valuable incentives.

Securing grants can be a game-changer for funding ambitious R&D projects. We will assist you in identifying suitable grants, preparing compelling proposals, and navigating the application process.

Properly allocating and tracking R&D costs is critical for financial reporting and compliance. We will help you establish robust systems to accurately record and monitor R&D expenditures.

Transparent and accurate financial reporting is essential for investors, stakeholders, and regulatory bodies. We will ensure your R&D projects' financial data is presented effectively and aligns with accounting standards.

Partner with SC Accounting for Your Startup and R&D Success

At SC Accounting, we take pride in our personalized approach to each client’s unique needs. Whether you are a startup entrepreneur with a bold vision or a seasoned business investing in groundbreaking R&D, our team is here to support you at every step. Let us be your partner in financial success and innovation.

Contact us today to schedule a consultation and discover how SC Accounting can help your business soar to new heights.