The importance of getting BAS right
Mistakes in your BAS can lead to steep penalties and fines. If your business is claiming GST incorrectly it can be a very costly mistake.
There are a number of different ways that GST is processed depending on the type of acquisition. Capital acquisitions and imported products are just two examples of where businesses commonly make mistakes in their BAS claims.
Things you need to know about BAS
Do you know:
- What expenses you can claim with GST?
- Which online purchases have GST?
- Are your suppliers registered as a business? Do you know how to check?
- Are your suppliers registered for GST? Do you know how to check?
- How to claim GST on capital acquisitions?
- What this year’s GST limit on luxury car tax is?
If you do not feel fully confident that you know the answers to questions like these , speak to one of our staff members today.
Call us on (08) 9377 4480 or click here to send us an email.
Getting BAS right is crucial to the smooth running of your business.
Using the right BAS Agent
Your BAS Agent is a licensed advisor who represents you to the tax office in all GST matters and all payroll and superannuation obligations.
Only a registered BAS agent can prepare BAS (Business Activity Statement) for your business.
Our registered BAS Agent # 91071004
BAS Agents are subject to a Code of Professional Conduct and all clients of BAS Agents are entitled to ‘safe harbour’ provision that can provide relief from penalties in the case of error or late lodgement.
To find out how QCI can support your business call us today on (08) 6180 9852 or click here to send us an email.
Let us look after your BAS so that you can focus on your business.
