I don’t even know if conundrum is a real word, but I think I may have picked it up from somewhere… Anyway, starting a company I just realised is a hassle. A hassle I’m prepared to go through though 
We are having a lot of difficulty coming up with a business name, and a business name that is also available. The good ones we’ve thought of are all taken. Basically we want something positive, creative, and different. Something that stands out, memorable, and delicious. But it’s just soo harrdddd… I’ve never had to use my mind so much on a name. lol. Apparantly it can’t even sound close to or similar to an existing business.
I’ve also been speaking to my friend Mish who is a tax advisor, so she’s just managed to explain to me how company tax works, and how to work it out. Basically, every quarter we make tax payments to the Government. But before we do that, we have to work out an estimate of how much we think we will earn for the year. Once the Tax office approves the estimate, they decide how much tax we will have to pay. Then they send us those notices every quarter telling us we have to pay up. Then at the end of the financial year, when we send of our business activity statement and what we actually earned, they refund any extra that we paid in advance.
Filed under: Business planning, Business name, Tax advisor, The Alpha Channel
