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BAS & GST

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:

  • advice on BAS and GST
  • bookkeeping services
  • lodging BAS returns
  • preparation of working papers.

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:

  • adding GST to prices
  • sending that money to the Australian Tax Office (ATO)
  • claiming back GST on business expenses like supplies and income.

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.

We advise companies on many GST and BAS issues

Understanding GST and BAS

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:

  • how much your business has sold
  • the price of goods and services
  • how much GST was charged
  • how much GST your company spent.

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:

  • detailed bookkeeping services to ensure your business is BAS compliant
  • assistance with lodging and amending your BAS returns
  • managing organised reports
  • in-depth analysis of your business, GST, and expenditures.

Keeping these detailed records and preparing detailed working papers will protect your business in case of an ATO audit—saving you some stress.

GC Accountants take the headache out of BAS and tax time!

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.

I was super impressed with how quickly Gary was able to determine I needed to be operating my business through a Company rather than a sole trader, once this was confirmed his team provided me with a company setup service that was quick and efficient to say the least. It’s great to have an Accounting Firm that have my back and want me to succeed in business. I know I can contact Gary & the team with any queries I may have when it comes to Xero, Accounting or Tax advice.
Emma Murphy
Emma Murphy
I just want to give a massive shout out to Megan & Gary, I am a new client to GC & I had a LOT going on with my return. The guys finished it quickly & efficiently without too much fuss and even picked up a few things I had missed which helped save me tax! Thanks guys and if anyone needs their tax done I can recommend GC Accountants even in lockdown!
Mathew Moller
Mathew Moller
Very happy to recommend GC Accountants! I was looking for an accountant that's really motivated to get new clients and work hard for them. I was impressed by their reviews and advertising. I run a marketing business and a wedding DJ business. So I respect businesses that invest in marketing and growth. The team at GC have been very responsive, hardworking and approachable. I really appreciate everything they have done for me. Thanks!
Brendan Kelso
Brendan Kelso
Thank you very much GC Accountants and in particular, Gary. You have been an absolute delight to deal with. Your knowledge and customer service made for a very pleasant experience for my partner and I. I will be recommending GC to all of my friends. Keep up the good work!
Paddy D
Paddy D
I had another great session with Gary and the team at GC accountants about generating more profits from Sales I get. They are experts in Small business. High Quality advice- keep it up
Craig Lowth
Craig Lowth
I run a small Carpentry business and needed help with bookwork so that my records could be organised for a tax return. Gary & his team set me up on Xero & all I need to do is send invoices - which I can do from my phone! This system ensures I don't miss any tax deductions & I have money set aside to pay tax. If you need help with Xero or any tax questions I recommend GC Accountants for sure!
Aaron Gilmour
Aaron Gilmour
We have used GC accountants for the past 5 years. They have helped us with advice on taxation involving our family trust, capital gains and superannuation contributions. I would highly recommend this business.
Shane Vallance
Shane Vallance
My husband & I had a Self Managed Super Fund that we had setup but our plans changed & so we no longer needed the Fund, closing an SMSF is quite a process but Gary & his team helped manage the process quickly and efficiently.
Susan Rhodes
Susan Rhodes
We had never been to an accountant before but wanted advice for property investment. We needed an Accountant’s advice on how to best structure our finances to maximise our tax deductions. From the moment I spoke to Megan I felt comfortable with GC Accountants. During the 1 hour meeting, Gary gave us lots of advice on negative gearing, loan structuring and deprecation tax deductions as well as tips & options for future investments. We feel very comfortable with our decision to use GC Accountants and I would highly recommend them.
Amy & Corey White
Amy & Corey White
Would easily recommend, Gary was so patient with me and was an awesome resource in helping me put together my thoughts to organise the best plan of action for my small business. Was well worth the cost and can imagine will pay for itself tenfold in the long run!
Kahn Pearce
Kahn Pearce
I was super impressed with how quickly Gary was able to determine I needed to be operating my business through a Company rather than a sole trader, once this was confirmed his team provided me with a company setup service that was quick and efficient to say the least. It’s great to have an Accounting Firm that have my back and want me to succeed in business. I know I can contact Gary & the team with any queries I may have when it comes to Xero, Accounting or Tax advice.
Emma Murphy
Emma Murphy
We had a excellent experience with GC Accountants. This was the first year that we needed to do our tax return with our property having been rented out. Megan was extremely knowledgeable and helpful in explaining what documents we needed to provide and was quick to reply to any questions we had. The end result was that we received great tax returns. We would highly recommend GC Accountants to anyone.
Allison Gibb
Allison Gibb

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