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News
Our Certified Practising Accountants report on the latest accounting news, and address your most common questions relating to accounting, bookkeeping, company tax, individual tax returns, self managed super funds and more.
GST & BAS
What Is a BAS and Who Needs to Lodge It?
Running a business means keeping track of a lot of moving parts, and tax compliance is one of the big ones. One of the most important...
Sep 232 min read
What Happens if I Make a Mistake on My BAS?
Your Business Activity Statement (BAS) is how you report your GST, PAYG and other taxes to the ATO. Reporting incorrectly can lead to...
Sep 232 min read
What Do I Need to Report on a BAS? Here’s What Every Aussie Business Should Know
If you’re registered for GST, lodging a Business Activity Statement (BAS) is part of running your business. But let’s be honest, BAS can...
Sep 232 min read
What Happens if You Can’t Pay Your BAS on Time?
Missing your BAS deadline can be stressful, especially when cash is tight. But you're not alone and this situation is more common than...
Sep 52 min read
What Records Should I Keep for BAS Compliance?
Every number you report on your BAS must be backed by evidence. Good record-keeping helps you lodge your BAS with confidence, stay on the...
Sep 22 min read
NDIS Providers Must Keep Clear Invoices for GST-Free Claims
If you are an NDIS provider, you may already know that many supports and services are GST-free. But, you cannot simply assume all invoices will qualify. The ATO requires clear and accurate invoices to support GST-free claims. Without proper documentation, you risk losing the GST-free status I there is a ATO audit, which could result in unexpected GST liabilities. Many providers don’t know that a simple invoice isn’t enough and that it needs to clearly shows the right details
Sep 22 min read
How Do I Know If I Need to Register for GST?
Starting or growing a business can feel overwhelming, especially when it comes to tax. One of the most common questions we get is whether...
Sep 22 min read
Activity Statement Deadlines You Shouldn’t Miss: Key Lodgement Dates for Aussie Businesses in 2025
If you run a business in Australia, keeping up with your BAS (Business Activity Statement) deadlines isn’t just another task on your to-do list. It’s part of keeping your business healthy and avoiding any nasty surprises like late fees from the ATO. Key BAS Lodgement Dates to Know Quarterly Lodgers If you lodge your BAS every quarter, here are the dates you need to mark on your calendar for 2025: January to March — due 28 April 2025 ( 26 May 2025 if Rise Accountants Lo
Sep 22 min read
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