Common Mistake #5 – Battling BAS

Stressed 2Is the dread of BAS time a recurring nightmare for you?

Dreading the deadlines? The penalties for missing deadlines for Business Activity Statement (BAS) and PAYG lodgments can be painful.

Are invoices valid? Are you checking that you only claim on GST on valid tax invoices?

Missing out on input credits? Do you risk claiming GST credits without realizing that your supplier is not registered for GST?

Solution: A professional bookkeeper who is a registered BAS agent can take all these concerns off you. If you assume responsibility for doing and lodging the BAS yourself, the liability for any errors and short payment is on your shoulders.

 

Interested in finding out more? Find your nearest bookkeeper to arrange your FREE one hour consultation.

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