Tag Archives: BAS

cash-vs-accruals-gst-bas

Cash vs. Accruals Accounting on BAS’

We’ve noticed that business owners sometimes get confused when their BAS amount payable is considerably higher or lower than what they are expecting. Usually this happens when they report GST on a cash rather than an accruals, (or non-cash), basis. For most business, a BAS is largely for GST, PAYG withholdings (employee taxes withheld) and […]

gst-basics-small-business

GST Basics for Small Business

One of the basic principles of GST is that it is paid by the end consumer. A business that is registered for GST is not the end consumer. This means that if you’re a business and you’re registered for GST and you see a price of $100 + GST quoted, although you may physically pay […]