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What services does Standard Ledger provide, and what price are they?

Our services scale as your startup grows. We support you in doing-it-yourself in the beginning, providing streamlined core bookkeeping and payroll services, right through to virtual / part-time CFO services. We can help you raise funds through R&D tax incentives, grants and R&D financing as well as providing financial modelling, startup valuation and capital raising support services. And we’ve got you covered for compliance, tax and employee share schemes.

It’s all wrapped up in our commitment to fixed, transparent pricing and communication so you’ll always know what you’ll get and how much it will cost.

Along with our experience in the startup world, it's our connections that can count for you. We can introduce you to our partner lawyers, grant consultants, insurance brokers and accelerators when the time is right.

Head over to our website for ebooks on startup accounting, tax and funding, as well as our blog, and to stay in touch on events about startup maths, equity, valuation, financial modelling and more.

Please take a look below and book in for a free call when you're ready to chat.

Company setup

Making sure you're properly set up is important - it's like the building blocks for your startup setting you up for success along the way and when you exit. We work with startup friendly lawyers like LegalVision, Sprintlaw, Hall & Wilcox and Lawpath to do this and handle any shareholder agreements, vesting agreements or anything else you need.

Budget around:

  • $1,100 for company setup
  • $1,800 for shareholder agreements

Exact charges will depend on your circumstances.

Bookkeeping & Accounting

We can set you up to do your own books when you’re just starting out.

We can also take care of your BAS and move onto a weekly bookkeeping service when you need it with email support, quarterly BAS + the Receipt Bank App/email for easy submission / audit trail for receipts and invoices.

Pricing

  • $300 setup
    • Xero: $24/mth for 20 transactions, $47/mth after that
    • Xero Payroll starts at $61/mth for 5 employees
  • $50/mth for BAS only if you’re DIY
  • $320/mth for 100 transactions
  • $540/mth for 200 transactions
  • $760/mth for 300 transactions
  • custom pricing

Additional services:

monthly Activity Statements, Accounts Payable (paying suppliers) and Accounts Receivable (chasing customers)

Outsourced payroll service

Our payroll service covers:

  • Setting up each employee
  • Including PAYG on IAS/BAS statements
  • Processing quarterly superannuation
  • End-of-year payroll processing (group certificates and end-of-payment summaries)
  • Handling employee departures, including leave payout calculations, etc.
  • Handling payroll queries

Pricing

Pricing for monthly payroll processing is

  • $17/employee/mth for up to 5 employees
  • $15/employee/mth for 6-10 employees
  • $14/employee/mth for 11-20 employees
  • $12/employee/mth for 21-30 employees
  • $10/employee/mth for 30+ employees

+ $2/employee/mth for fortnightly pay or +$4/employee/mth for weekly payroll processing

Check out our quick guide for new employers to understand what you need to think about.

Additional services:

Workcover and Payroll Tax lodgements.

As you grow ...
Once you’re at a certain size, or when you’re scaling up and more rapidly hiring employees, onboarding and new employee experience becomes more important. Talk to us about how we can implement Employment Hero for you to manage applicant, and how we can help manage the offer, and onboarding process for your new employees.

Tax returns, tax structuring, ESIC support and ASIC services

When you’re starting out, you just need to get your tax returns done. We’ve got you covered with our core tax services.

As you grow, we can also advise you on how to structure your tax affairs more efficiently and cost-effectively, and what to do if expanding overseas.

We can also support you in lodging your application to the ATO for recognition as an Early Stage Innovation Company (ESIC) which allows investors to get tax breaks by investing into startups.

Pricing

Company tax returns:

  • $500 (if it hasn’t been a busy year when first starting out)
  • $1,400 in first year of trading
  • $1,800 in subsequent years

Trust tax returns:

  • $250 (when just holding shares in your startup)

Individual tax returns:

  • From $150 for simple PAYG + $150 per additional schedules (eg property)
  • $500 if you’re a sole trader / freelancer
You can read about out how we prepare your tax return here.
As you grow ...
We can structure your tax affairs more efficiently and cost-effectively, and help you expand overseas. If you’d like some help understanding our tax services, book a meeting with our tax partner, Mike.
ESIC Applications
We can also help lodge your application as an Early Stage Innovation Company (ESIC) with the ATO. If successful, this can allow investors to get tax breaks by investing into startups.

ESIC review and lodgement support services

  • $900
ASIC Services
As well as your ATO obligations (which we look after for you) you also need to stay sweet with ASIC for annual reviews and shareholder updates. And ASIC are very quick to fine you if you miss their obligations. So we know and recommend our partners at Cake Equity. You can make them your ASIC agent for $350/year which means they'll let you know of any ASIC obligations, especially the annual review, and get rid of all those ugly ASIC forms. ASIC sorted. Let us know and we'll do an intro to get you underway.
We also 💙 their online registry platform (@ $25/mth) to manage your share registry when you’re ready for more than just a spreadsheet. Even better: when you're ready to raise capital and implement your employee share scheme, Cake can take care of it all through their platform. Think of it like Xero for managing shares :)

R&D tax services and forward funding

Unlike other providers, our R&D pricing is fixed and transparent. We'll work with you to maximise your return (which can be up to 43.5% of your R&D expenditure).
Our lead R&D specialist is Dr John Nixon who has over 15 years with KPMG AusIndustry. Pricing is:
  • Base $3,500 for $100k R&D spend
    • For smaller claims ($100k - $600k R&D spend) we work with you to do some of the work and keep the costs down
      • up to $100k spend $3,500; $200k $4,500; $300k $5,500; $400k $6,500; $500k $7,500; $600k $8,500

    • For larger claims ($700k - $1m R&D spend) it's a full service approach where we do most of the work
      • up to $700k spend $10,000; $800k $12,000; $900k $14,000; $1m $16,000

  • For claims larger than $1m there's often additional complexity so we'll need to hold a deeper discussion and provide you a quote.

And don't worry, this service comes with a no win-no fee guarantee. There’s more info on how this service works here.

Forward funding your R&D
We also work with financiers who consider forward financing - loaning you the money in advance - for future R&D claims.

This has been a cash lifeline for many of our clients, including some who haven't previously submitted an R&D claim.

The costs for this depend on your situation, but there is an upfront application fee, monthly interest and you need to pay the loan back as soon as your R&D tax return is in.

Grants

Other key grants that are available to support growth business include:

  • Accelerating Commercialisation
  • EMDG
  • as well as various other National and State based grants

Book in a time with John, our R&D and grants specialist to talk about what you may be eligible for, and how we can help.

 

vCFO services

We are experienced startup savvy CFOs and we have a growing network of other CFO partners. Here’s an overview of our vCFO services:
  • Recurring monthly services starting from $1,750/mth include dedicated CFO and supporting finance account manager, priority support from the rest of the standard ledger team, fortnightly accountability check-in's and formal EOM report preparation, analysis and discussion, and of course enough CFO time to support you, scaling as you grow and need more. See more information on How our CFO Services work.  In our core CFO Grow service (starting at $1,750/month) you can expect about 4 hours per month of work / contact time from your CFO. As you continue to grow and need us to lean in more, our CFO Grow+ service provides additional CFO service time. The $2,900/month includes an expected 8 hours per month. 
  • vCFO consulting services - half, one or two day per week packages, starting at $4,100/month for ongoing support. You can also buy ‘block time’ for adhoc services you expect to need starting from $300/hr or we'll provide a fixed fee proposal where possible
  • Financial modelling (from $3,000) for budgets + forward cashflow reports to support closer management of your growing business or for fundraising. Let me know if you’d like to see some examples.
Capital raising support services to help you secure bank or investor funding (can include financial modelling, due diligence support, startup valuation services, general advisory and pitch deck preparation), starting from $300/hr and we'll provide a fixed fee proposal where possible.

Startup valuation

We work with leading startup valuation provider, Equidam, to provide valuations, which include:

  • Reviewing your existing financial model
  • Access to the world's most complete startup and private company database of comparables (more than 30 million data points across 78 countries)
  • An independent 16-page 5-valuation method report, including detailed business information, financial projections, valuations with parameters and supporting explanations
  • Discussion before/during/after preparing your valuation report
  • Reworking the valuation report within three months

Here’s a sample of the valuation report, to give you an idea of what it includes.

Pricing

  • $2,000 for a valuation including a (recommended) review and feedback on your underlying financial model  for integrity, completeness and reasonableness first for any updates you may want to make before proceeding to the valuation. (Of course, you won't need this if we're preparing a financial model for you ;)
  • $1,500 without a financial model review
  • This services has a 25% deposit

Other operational finance services (as needed)

We also work with clients as they grow by providing:

We can tailor any of these services to your needs - just let us know.