Accounting for GST is a real hassle !!!!  It is a really detailed process that few people handle correctly as there are a multitude of “traps”" in GST legislation.  For example insurances include fire service levy and stamp duty, neither of which have GST components. So when accounting for insurances it will not be 1/11 GST.

Whether you calculate GST manually, or use as software package, there is a lot you need to know.  We have seen business owners dividing their expenses by 10 to calculate GST instead of 11. It sound incredible but there are many business owners who still (after 10 years of GST being a part of business life – 01/07/2000 GST started), do not understand GST and have not eceived any professional help.  Call us now on 9832 0900 for a free no obligation consultation where we will demonstrate how quickly you will be able to make real changes.

The ATO is also imposing fines for late lodgement of BAS statements.  Up to $650.00 per BAS, which can really add up.

There are ways of dealing with GST and you need professional guidance on this, as the ATO is aware that the moment they check your GST records, they know that many businesses take the broad approach of just treating every expense including 1/11 normal GST.

See how easy it is to fall foul of the ATO !!!!!!  Once the ATO auditor sees one mistake they will then look a lot closer at everything else.

So now is the time that we need to meet and discuss your needs and how we can streamline your record keeping systems.  Ring us now 9832 0900 to organise a 30 min free no obligation consultation over a hot cuppa.

You will then be able to see how it is possible to be up to date with accurate information and avoid the consequences of  record keeping that is inaccurate and not up to date. You will be amazed how much pain and anxiety you can avoid.