Did you know that you are able to defer your GST if you are a GST registered importer? You will pay GST when you import your goods unless you have deferred your GST. If you are registered for GST, you also can claim GST credits on imported products in the BAS lodged on a monthly or quarterly basis.
Have you received a letter from ATO? Talk to us if you have many overdue returns as penalties can be heavy. We will assist you by simplifying the process with the ATO by saving time and tax refunds. We minimise tax payable and maximise refunds.
If you are experiencing growth in your trades business your business expenses should be going up too. We can assist you whether you need that extra help tracking business expenses or those Excel spreadsheets that gives you a headache or reconciling your accounts or to support you with general increased in financial responsibilities to manage your business. We recommend our clients to use ATO log book app to track your vehicle related expenses to make your tax time less taxing as a tax maximising strategy.