Day: May 21, 2018

crosbie finance team newcastle

Getting GST Right

Business owners have the advantage of claiming a credit for any GST included in the price of goods and services purchased for their business. However, many businesses fail to claim their credits correctly. The vast majority of mistakes are avoidable and relate to claiming credits for ineligible items or including GST-free items. Here are three top …

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Keeping on top of your bookkeeping

The Australian Tax Office (ATO) is homing in on small businesses failing to comply with guidelines regarding appropriate record keeping. Findings from the ATO’s Protecting Honest Business campaign indicate that one of the leading factors for small business failure is poor record keeping practices. Small business owners are required to disclose particular information, and keep records …

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