When the systems businesses use for capturing and recording GST information fail, often businesses go on to report incorrect amounts of GST and make potentially costly errors. These errors as the integrity of business systems (IBS) risk. (more…)
Posts Tagged ‘BAS’
Are your business systems costing you time and money?
Thursday - September 9th, 2010
Business reporting to the ATO
Monday - August 30th, 2010Stress-free business reporting to the Australian Taxation Office services from the team at South East Access. (more…)
Concessions for small business entities
Sunday - August 8th, 2010Since 1 July 2007, small businesses with an aggregated turnover of less than $2 million have been called small business entities and have been eligible, subject to conditions, for a range of tax concessions. (more…)
Activity statement update – Quarter 3
Sunday - March 28th, 2010Activity statement update helps you prepare your activity statements: (more…)
Guide to managing your tax debt
Sunday - February 28th, 2010Information about what to do if you are having difficulty paying your tax. (more…)
PAYG income tax instalment
Monday - January 25th, 2010You may receive an activity statement or an instalment notice to pay your PAYG income tax instalment. You can generally choose between two payment options, and you can vary your instalments in some circumstances.
You can lodge and pay electronically, by mail or in person, but you need to do it on time to avoid interest and penalties.
How to vary pay as you go (PAYG) instalments
Monday - January 25th, 2010You can use this guide to vary your PAYG instalment amount or rate if you are one of three types of quarterly payers.
- If you pay four instalments each year on the basis of gross domestic product (GDP) adjusted notional tax. You pay an amount we have recommended – option 1 on your activity statement.
- If you pay two instalments each year on the basis of GDP adjusted notional tax. You pay an amount we have recommended – option 1 on your activity statement. You may be a primary producer or special professional.
- If you pay instalments on the basis of instalment income. This is an instalment rate we have recommended that you use to work out the amount to pay based on your instalment income – option 2 on your activity statement.