Home Forums Starting your journey Benchmarking annual accounting run rates

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  • #993170
    • Total posts: 4

    Hi all,

    I’ve done a quick but not exhaustive search so please forgive me if this has been answered before.

    Spoke with my local SBDC on structure. A simple consultancy based Coy of 2 partners with first year turnover probably less than $300k/pa

    Advice re: my new startup was that costs for initial creation and annual ASIC mgt of;
    Trustee Co
    Discretionary Trust (as 50% share holder in Trading Co)
    Trading co Pty Ltd

    Would likely see fees of $6-8K per year.

    Does this run rate seem reasonable, high or low in your opinion?
    (I recognise the limitation in data I’ve provided)

    Many thanks,

    *edit – this 6-8k being just my portion (not the partners) as the trust components relate to fees for the family trust

    • Total posts: 660

    Hi Donamat,

    A good accountant will be able to help you here. Put in a call or drop an email asking for a quote to a few and you’ll get a good idea as to whether $6-8k is reasonable. I’m no expert but it seems on the high side to me.


    Alan Maddick
    • Total posts: 410

    All Accountants deliver a slightly different service in a slightly different way – based on that price you would be going with a very high priced Accountant. Normal suburban Accountant will be around $2000 for the same work but it really depends what you want and what value you are getting for your $6000-$8000…

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