ABACUS

Entries tagged with "GST"

14 comments Tuesday 27th April 2010

BAS Due Date (Part II) - Not the end of the World

If you read our last blog entry you should be feeling more confident about having enough cash on hand for your next BAS due date. But what if you are going through a cash flow crisis and don’t have enough cash set aside this time?

Believe it or not - your biggest ally could come from an unexpected quarter - the Australian Taxation Office. The ATO knows it is in everyones best interest to support small businesses through tough times. Here are some examples of valuable support the ATO can provide you so as to keep small businesses up and running (and therefore keep the Australian economy humming!).

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Categories: A Word to the Wise, The Business of Bookkeeping

Tags: ATO, BAS, GST, Small-business

0 comments Tuesday 20th April 2010

BAS Due Date - Are you ready?

Do you dread your BAS due date?

If you are like most small businesses with limited cash flow, BAS day probably feels a bit like DOOMS day! Three months worth of GST collected can be hard to scrape together if you haven’t been planning for it. And worse still, many businesses are not keeping up to date bookkeeping records so are taking a bit of a stab in the dark as to how much their GST liability will be this time!

Don’t despair… take these simple steps and BAS will be your friend, not your foe!

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Categories: A Word to the Wise, The Business of Bookkeeping

Tags: BAS, Bookkeeping, GST

38 comments Wednesday 31st March 2010

Common GST Mistakes

In an effort to provide some pointers on common GST misconceptions and errors, we include the following list for your consideration. This is by no means exhaustive, and you should always have a qualified BAS agent check your returns or answer your GST queries.

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Category: The Business of Bookkeeping

Tags: Bookkeeping, GST