Hi,
I am looking to start up a Babysitting business where I hire employees also. I have already registered my business name and have an ABN, is there any thing else I need to do or register??
Thank you

Hi Aimee,

Congratulations on your new business. Child minding and baby sitting is a very tricky industry, and you need to make sure that you are complying with all legislation and compliance regulations.

First and foremost you need to ensure that you are in the correct structure - from an asset protection point of view, this is very important. Having just an ABN and running the business may be cost effective in the short run, but in the long term could cause you much grief if something goes wrong.

Next thing is the employees - you need to set them up properly, have workers compensation insurance, issue payslips, pay them the correct rate of pay etc, and comply with FairWork regulations.

Insurances for the premises is also very important, and if the business is being run from home, you need to also check with the local council for permits. There is much red tape around such a business.

Also a good idea to start on an accounting software of some sort, to ensure that you are recording all your income and expenses.

If we can be of assistance, please do not hesitate to contact our office.

Kind regards,
Jenny Thai
JTR & Associates

Lets not forget Super!! you need to register for Super Stream, and make sure you pay the right amounts of super for your employees on time.
regards
Brendan