Identifying your accounting basis to complete a BAS Statement

When recording your businesses’ revenue and expenses, you’re likely going to face a choice when it comes to choosing your basis of accounting. The way you choose to do your accounting will also come into play when you submit your regular BAS. Let’s unpack your...

Choosing a method to complete your BAS Statement

When it comes to preparing and lodging BAS (business activity statements), there are two methods that are offered by the ATO (Australian Tax Office) to work out your GST (goods and services tax) before you prepare and submit your actual business activity statement....