Every business knows that Goods and Service Tax (GST) is essential, but it can be perplexing to calculate GST and understand how the system works. GC Accountants are experts in GST and business activity statements (BAS). We’ve assisted clients all over Newcastle and the Hunter Valley with business GST advice and BAS returns.
Our GST and BAS services include, but are not limited to:
According to the Australian government, if your business has a GST turnover of over $75,000, you must register for GST. Alternatively, if your non-profit organisation has a GST turnover of over $150,000, you must also register for GST. For many companies, this may mean:
This process can be extremely time-consuming and confusing, and, incorrectly done, could lead to significant penalties. GC Accountants help you to organise GST and BAS Accounting Services.
If you’ve just started a business, we can help you decide if you need to register for GST. As your company grows, we can monitor your turnover rate. Then, if you need to register for GST, we can aid with all the forms and paperwork. Our team also advises on large or small business and BAS lodgement, which occurs every quarter and reports on:
GC Accountants can recommend possible deductions that can be claimed as business expenses—achieving the highest likely return on your tax. In addition to advice, we provide:
Keeping these detailed records and preparing detailed working papers will protect your business in case of an ATO audit—saving you some stress.
We offer comprehensive Registered BAS Agent Services and GST solutions. Our Certified Accountants make everything easier, saving you a lot of time and trouble in case of auditing or missed GST payments. If you’d like to find out more about how GST or BAS could affect your business, then reach out to GC Accountants today.
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