Category Archives: GST & BAS

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Meal entertainment: when does GST apply?

The area of “meal entertainment” is an absolute minefield for accounting professionals like us. It can be very difficult to know when an expense incurred by a client relating to food or drink should be recorded with GST or not. Luckily there is a resource out there via the ATO that brings some clarity to […]

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2018 Federal Budget: what bookkeepers need to know

The Federal Budget is usually full of information that would make even the most financial-data-loving expert, yawn and roll his eyes more than once! I’m an interested observer but really, truth be told, most of it just goes over my head. The only aspects of the budget that I’m interested in are those that affect […]

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5 BAS lodgement facts in 5 minutes!

As a BAS Agent, of course I understand how BAS lodgement works [or you would hope that I do lol!] Sometimes I forget that what is old hat for me, can be confusing to my clients or even present as completely new information. Yesterday a client asked me why his monthly instalment activity statement for […]

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Netflix Tax – A Bookkeeper’s View (from the Trenches)

My last blog was all about the new “Netflix Tax” and was really just an informational blog outlining what, how and when etc. In this blog, I want to look at the tax from a bookkeeper’s perspective and provide a real “from the trenches” viewpoint. All is not what it seems with the Netflix Tax!

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Registered for GST? What you need to know about the Netflix Tax.

For some time now, larger IT companies have been charging GST to their Australian consumers. Examples of these are Google, Adobe and Linkedin. They are doing this because of a new law which began formally on 1 July 2017. This new law known colloquially as the “Netflix Tax”, requires all international companies with an annual GST turnover […]

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Simpler BAS – simpler in name only?

The ATO has recognised that there are too many labels to complete on the BAS – you can see just how many if you check out my blog series on BAS Labels – way too many! So, to make things easier for small business, a new “simpler BAS” will be introduced from 1 July 2017. […]

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Google has entered the Australian GST system

Something is changing in Google Land. From 1 November 2016, most of their products sold to Australian businesses will include GST.

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How we work with you to get your BAS done

When I’m checking out companies on social media I often see that they’re doing exactly what I’m doing – sharing content related to their industries rather than sharing information directly about their companies. They do this so as not to come off as doing the “hard sell” to potential customers but rather go the “soft […]

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It’s vehicle log book time again!

There are only 16 short weeks until the end of the financial year (freak out!). If you haven’t yet recorded a vehicle log book for tax purposes for the 2016 tax year, you need to start now. This is because a log book must be kept for 12 continuous weeks. So what is a vehicle […]

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Recipient created tax invoice template (free download)

Sometimes business owners are required to create tax invoices on behalf of their suppliers. This type of tax invoice is known as a recipient created tax invoice (RCTI). For more specific information about the RCTI, go to our blog here – there’s a free fact sheet to download! The main thing about the RCTI is that […]

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