What is GST?
Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia.
Generally, businesses and other organisations registered for GST will:
a) include GST in the price they charge for their goods and services
b) claim credits for the GST included in the price of goods and services they buy for their business.
Do I have to pay GST?
If you run a business or other enterprise and have a GST turnover of $75,000 or more ($150,000 or more for non-profit organisations), or you provide taxi travel (including ride-sourcing) – you need to:
What is a BAS Lodgement?
If you are a business registered for GST you need to lodge a business activity statement (BAS).
Your BAS will help you report and pay your:
When you register for an Australian business number (ABN) and GST we will automatically send you a BAS when it is time to lodge.
What Use Monitor Business Solutions?
We understand that running a business is hard enough without having to make sure you eneter every receipt and account for every cent and lodge your returns accuarately and on time.
Sound all too hard.
Well it can be and if you get it wrong the ATO penalties can be quite severe.
At Monitor Business Solutions we can take the hassle out of this by ensuring your bookeeping, accounts, gst reuirements and BAS statements are all done correctly and reported to the ASTO on time.
You're running a business to provide you with a better lifestyle. Don't waste it spending hours and hours of your time slaving over the books.
PICK UP THE PHONE AND CALL ME DIRECTLY ON m: 0447 370 301 - OR FILL IN OUR ONLINE ENQUIRY FORM AND WE'LL CALL YOU
Ready to get started with Cloud Bookkeeping?
Get in touch and we can get you set up.