BAS Lodgement
Why you should be using a registered BAS agent to do your BAS
Business Activity Statements. If you’re a business owner in Australia, you have to do “the BAS”. This involves calculating and reporting taxes like GST and Pay As You Go (PAYG – taxes taken out of your employee’s pay). Most of us find them too complicated to do on our own and there are penalties if…
Read MoreImportant news for business in the building industry
The ATO is constantly trying to find ways to cut out tax evasion through the cash economy, and now it has revealed perhaps its greatest weapon yet. “Taxable payments reporting”. The question you need to ask yourself is simple. Am I in the building and construction services industry? Do you have an ABN and provide…
Read MoreStop worrying about your BAS, and start thinking about your business
It seems to happen all too often, people have a strong business idea, a solid plan of attack, but they forget about government reporting requirements and basic bookkeeping. Ask yourself if you really saw yourself working extra nights a week behind a desk crunching numbers, when you first came up with your business plan. Probably…
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