Taking charge of your own Business Activity Statement (BAS) is commendable. It shows you’re proactive about managing your business’s financial affairs. But it’s important to ensure your BAS is accurate and compliant with tax regulations. Let’s take a look at why accuracy matters and the potential consequences if it’s wrong.
I do my own BAS, but is it right? Can I be fined if it’s wrong? Read More »
When managing your business’ bookkeeping, you might wonder if you need a bookkeeper, a BAS agent, or both. While their roles may seem similar, there are significant differences. Key Differences: Bookkeeper: This person manages financial records, bank reconciliations, accounts receivable/payable, and financial reporting and may assist with payroll and HR functions. BAS Agent: A registered
Bookkeeper vs. BAS Agent: What’s the Difference? Read More »
In today’s business landscape, fraud looms large over every business. It’s not a question of if but when your business may fall victim to a scam. The prevalence of scammers in our interconnected world means that vigilance is paramount. A moment of complacency, a hasty click on a social media link, or a lapse in
Building a Robust Defence Against Fraud in Your Business Read More »
Business Activity Statements (BAS) are crucial business documents outlining tax obligations to the Australian Taxation Office (ATO). Completing BAS accurately and on time is not only a legal requirement but also vital for a business’s financial health and compliance. However, many companies, especially smaller ones, often cut costs by engaging unregistered and unqualified individuals to
The perils of using unregistered, unqualified people to do your BAS Read More »
