Small Business Accounting

Small business growing pains

Education

Scaling up the right way

Teach Starter is a Brisbane-based digital subscription service that provides time-saving educational teaching resources to hundreds of thousands of primary and elementary school teachers in Australia and around the world. Working closely with the team, we helped Teach Starter get their own time back on track and they're now spending significantly more time growing their business, instead of in it. We also helped them recover $60,000 in GST through identifying a grant was not subject to GST.

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Problem

Growing businesses always face growing pains, early and often later when scaling, employing staff, taking on larger clients etc. Like many smaller companies, Teach Starter’s biggest hurdle was their accounting systems and processes. Uncountable hours were lost handling accounts and payroll, crossing the t’s to ensure they were compliant with ASIC and ATO regulations. This administration time was taking away from Teach Starter’s primary goal, to grow their business and brand in Australia.

Solution

We helped Teach Starter put the right systems in place that’ll help them transform from a small business to a medium-sized company. This includes a new, more intuitive accounting system, appropriate business structures for their group of companies, and putting the right focus on asset protection. To ensure ASIC and ATO compliance, we also performed a routine check and found $60,000 in overpaid GST, a nice bonus for the team.

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