A Guide to Business Outsourcing

Have you ever thought of outsourcing your back office functions?

When considering your business needs, some key questions may arise to support the need for outsourcing. For instance, are you thinking about setting up a subsidiary in Australia and want to save costs? Or perhaps you're thinking of setting up a new company in a cost effective manner? Or do you have an existing company and want to save costs and the hassle of the back-end processing and compliance work? Are your skills better utilised on growing your business in other ways?

With 20 years experience as a Chartered Accountant and a Business Owner himself, Michael Quinn firmly believes that Accountants should take a proactive role in helping to grow their clients' businesses, rather than simply being reactive and managing tax and compliance issues alone. Consequently, Michael and his team consider the bigger picture and adopt a business development approach to help businesses effectively manage their cash flow and create effective business strategies.

The Quinn Group is an integrated accounting, legal and business advisory firm, offering professional advice to help you achieve your business and personal goals. Our goal is to provide all the advice and information you will need to help you with the key aspects of planning and setting up a successful business.

Here is a useful guide to some key areas that may be suited to outsourcing.

Before You Start

• Feasibility Study - business life cycle, key industries, small business statistics, major development and infrastructure
• Management skills
• Organise yourself
• Evaluate your idea
• How to be innovative
• Finding new opportunities
• Skills and training
• Setting up a subsidiary

Business Names, Structures and Registration

• Choosing a business structure
• Naming a business
• Search for business licenses
• Registrations - business name, trade mark, company
• Branding

Planning for Business

• Market research
• Creating a Business Plan
• Creating a Marketing Plan

Business Location

• Selecting a location and purchasing premises
• Leasing of premises (negotiation of lease etc)

Staff Issues

• Types of workers (employees v. contractors)
• Fair Work Act
• Recruitment
• Selection
• Induction
• Managing the relationships
• Workers compensation
• Payroll
• Policy & procedures
• PAYG

Taxation Obligations

• Record keeping, reporting (key dates to remember) and payment
• Income tax
• Business expenses and deductions
• GST
• Employees and other workers
• Self employment
• State based taxes - Payroll Tax, Stamp Duty, Land Tax 

Legal Issues

• Business relationships
• Contracts
• Credit and debt recovery
• Dispute resolution proceedings
• Employment issues (EEO)
• Fair trading
• Import-export and customs
• Insurance
• Legal proceedings
• Legal remedies
• Privacy
• Occupational Health & Safety (OHS)

Financial Management

• Raising funds and finance
• Working capital
• Making payments: managing cash flow
• Receiving payments: debt collection and credit checks, charging customer credit card fees
• Record keeping
• Accounting systems
• Bookkeeping
• Ordering/ purchasing stock

Sales & Marketing

• Marketing Mix - Product (or Service), Place (Distribution), Price, Promotion, People

Branding and Intellectual Property

• Patents
• Trademarks
• Copyright

Protecting your Business

• Security - fraud minimisation and crime prevention
• Risk management
• Insurance - insuring against loss of profits
• Protecting your employees - superannuation

Importing & Exporting

Operations Management

• Quality Management and ISO9001
• Supply chain management
• Logistics

Programs, Grants and Assistance

• Research & Development Grants
• Federal, State and Local Government Grants
• Export Market Development Grants (EMDG's)

Our Services

At the Quinn group we aim to add value every step of the way, by providing strategies to reduce expenses, increase revenue and minimise taxation. Our services are designed specifically to provide a timely solution for small and medium sized businesses and business owner/ operators alike.

To help you save costs The Quinn Group can act as your office, so you won’t need to lease separate premises. We can undertake your bookkeeping, accounting, legal, taxation and all compliance work for you.

If you would like more information or help in outsourcing for your business, click here to submit an online enquiry form or call 1300 QUINNS or on +61 2 9223 9166.

The Quinn Group - Providing the Total Solution

As a legal, accounting and financial planning firm The Quinn Group are able to offer legal and financial services in one location. Visit our Legal Services page to see our range of legal services.

Visit our Accounting Services page for more information on the wide range of Accounting Services that The Quinn Group can provide to you as an individual or a business.

Whilst we have 5 offices located in Sydney, we are also able to meet you at location convenient for you. Additionally, we have web and teleconferencing available for regional, interstate or international clients.