BAS, it seems easy enough, right? You pull the right reports from Xero, fill in a form and Bob’s your uncle. Done! Wrong. It would save me a lot of whispering ‘WTF’ under my breath if it were in fact, that simple. The truth is, submitting an incorrect, late or not ... READ the POST
When should I register for GST?
This is a sticky topic that comes up regularly so I thought it was high time I bust some of those myths and give it to you straight. Before we get into it, remember, there's now extra things on the 'To Do' list. You will be required to report on your GST income via a quarterly BAS. If you do need to ... READ the POST
Financial Jargon Explained: The Acronyms You Need To Know
Hands up if you know your SBSCH’s from your STP’s? Nope? I get it, there are so many of them and unless you’re in the industry, they all kinda melt into one another. I’ve created this quick reference guide to help you decipher the financial code - read on for financial jargon ... READ the POST
Engaging a Bookkeeper? Here are 10 questions you should ask
Are you tired of always feeling stressed about your bookkeeping and keeping up to date with lodging your BAS, or just having your financials ready for your Tax Agent to do your return makes you shudder and shove it all to the back of your mind? Well sounds like you need some help! ... READ the POST
Protect your data!
Is your financial data as safe as possible from hackers?? To comply with ATO requirements we (BAS/Tax Agents) need to use two-factor logins with any of our software that talks to the ATO, to make sure it is actually us logging in looking at your important financial details! I highly ... READ the POST
Simpler BAS
Are you a small business? Registered for GST? Then Simpler BAS might be something you can change to 1 July 2017. Businesses with an estimated annual GST turnover of less than $10 million are eligible for Simpler BAS. New businesses will automatically be on Simpler BAS whilst other businesses will ... READ the POST
