The GST system is a complex and
confusing. For this reason we ensure our staff are
continuously up to date on the changes, and able to offer you accurate
advice.
The ANTS legislation was put
into effect in 2000. It is complex, convoluted and confusing. Most
other accounting firms leave it up to you the client and then need
to charge a large fee to unravel 12 months of inaccurate account
keeping and BAS reporting. We prefer to be involved and
preferably do the BAS reporting for you otherwise extensive
reconciliations will be needed to be done to account for all your
GST reports lodged and payments to the ATO before the end of year
accounts and Income Tax Return can be completed correctly.
Every activity you are
involved in includes with it a GST issue with which we can most
certainly assist you.
Some examples of issues we can help you with are:
-
GST consequences when buying & selling a
business
-
With leases, chattel mortgage and hire
purchase agreements we can sort out any GST issues that ensue
-
Advice on registering for GST and facilitating
registration where required
-
Filing and adjusting BAS returns
-
Assistance with ATO audit
We ensure your BAS's reconcile to your tax return
before lodgement making certain that no unnecessary flags appear at the
ATO.