B Set for success as you start your social enterprise

As an advocate of business being used as a force for good, we’re proud to offer social enterprises the start-up and compliance services you need to B Set at reduced rates. 

We know that everyone starts differently, so we have designed a range of packages you can mix and match depending on what’s most important to your social enterprise.

These services have been tailored specifically for purpose-driven start ups, so in order to take advantage of our packages, your business must fit our definition of a social enterprise – as articulated by Social Traders:

Social enterprises are businesses that trade to intentionally tackle social problems, improve communities, provide people access to employment and training, or help the environment. Using the power of the marketplace to solve the most pressing societal problems, social enterprises are commercially viable businesses existing to benefit the public and the community, rather than shareholders and owners.

In the Australian context, there is no legal structure called social enterprise but we define social enterprise as organisations that:

  • Are driven by a public or community cause, be it social, environmental, cultural or economic
  • Derive most of their income from trade, not donations or grants
  • Use the majority (at least 50%) of their profits to work towards their social mission

Our B Set start-up accounting packages are designed so you can focus on what’s important during your first 12 months – making an impact with your new business – knowing that the necessary statutory obligations are met, your structure is established correctly at the outset and you have an available resource to answer any of your questions and support your start-up on the path to business success.

Pick and choose the Set Package/s you need

Pick and choose which business or compliance management package you need, when you need it and B Set for success:

B Structured – Meet with one of our Client Managers and establish your business needs and goals.

We’ll confirm the best structure for your new business, set about establishing those structures* and attend to the necessary registrations you need (eg Tax file numbers, Australian Business numbers, GST and payroll registrations).

B Organised – We will establish a XERO Cloud Based accounting file for your new business – to facilitate the record keeping for the business in such a way that is seamless, simple, user friendly and one that can be set-up in such a way that it largely runs itself.

We will also train you on managing the monthly bookkeeping for your new business, including how to prepare and lodge Business Activity Statements. We’re on hand for monthly phone support to ensure you stay on track with your bookkeeping obligations.

B Supported – Don’t be afraid to pick up the phone! We’re here to help with phone and email support for day-to-day/business as usual matters all included in your B Set package.

B Prepared – We’ll assist you with cashflow forecasting and planning, and provide you with a template you can use to keep yourself on track. We’ll check in from time to time to see how you’re going and assist you to reach your goals.

B Compliant – We’ll prepare and lodge the income tax returns for the new business, maximising potential tax claims, and review and verify assessment notices issued by the Tax Office. We’ll also prepare detailed and summary estimates of tax and PAYG instalments payable across the group including due dates for lodgement and payment, enabling you to plan your cash-flow and prevent surprise tax bills.

We’ll liaise with relevant government authorities, ie Australian Taxation Office, ASIC, Office of State Revenue on your behalf.

B Successful – Following the end of financial year, we will meet with you to discuss the financials, and help position you into your next year of business.

Download our Social Enterprise start-up guide

Packed full of resources and advice so you can get your social enterprise up and running sooner, enter your email below to download our B Set guide. 

 

Ready to B Set? Contact us to get started