The Goods and Services Tax is well-known to us all after more than a decade of existence in Australia, but it still requires attention.
But many businesses still have issues with GST returns. Over-claiming credits is a typical error made by businesses, and often cited by the Tax Office. The Tax Office also warns about issues relating to record keeping, cash businesses and careless BAS handling. Often there is misunderstanding of the classification of taxable supplies as”GST free,” or wrongly non-taxable.
So careful handling and record-keeping will go a long way to making sure these sorts of errors cannot slip through. That is where RDV Business Solutions can help you. By taking the burden of GST return processing from your shoulders, you can be assured of compliance and safe handling. RDV Business Solutions will handle your registration, preparation of quarterly or monthly activity statements, lodgment of activity statements, and also offer advisory services to see that your expenses in this area are reduced in the future.