Small businesses entitled to refunds of GST may not be aware of the four-year time limit on claiming those refunds. Your entitlement to a GST credit ends four years from... read more →
Business activity statements (BAS) may require adjustments from time to time if their net GST liability changes or is incorrect. An adjustment needs to be made in the event that... read more →
The Australian Taxation Office (ATO) has announced changes to the way GST is collected at settlement. According to the ATO, those purchasing new residential premises or potential residential land who... read more →
Despite the Australian Tax Office’s education campaign on GST reporting, many small business owners continue to make errors when claiming GST credits in their GST returns or Business Activity Statements.... read more →
When selling property registered for GST, the margin scheme can be used as an alternative way to work out the GST payable on a concessional basis. Where the scheme is... read more →