Bookkeeping: Robina Bookkeepers, Gold Coast0415 453 536 – MYOB,Quickbooks, Robina, Varsity Lakes, Reedy Creek and Mudgeeraba

Could 80% of BAS forms really be completed incorrectly? Apparently this is the figure that the Australian Taxation Office estimate when reviewing Business Activity Statements.

Are You Paying More GST than You Should?

When you consider that many small business owners around Robina, Palm Beach, Burleigh Heads, or Varsity Lakes believe that bookkeeping is an expense, rather than an investment, it is hardly surprising that so many people who have no idea what they are doing complete Business Activity Statements.

Many clients approach our professional contract bookkeeping service because they realise that a mobile bookkeeper can save them heart-ache and stress in getting their paperwork upto date.

Speaking to a client in Reedy Creek last week, it transpired that he had absolutely no idea what was involved in running a business from the financial aspects. As long as there was money in his pocket at the end of each week to pay the bills, he was happy.

When the first BAS form arrived on his doorstep he just figured he’d guess what figures went where and hope that it would all sort it self out at the end of the financial year

The crazy thing is, that by having to report quarterly Business Activity Statements, small businesses are being encouraged to record their business activities every three months.

If you leave it all for your accountant at the end of the financial year, then guess what? It’s all too late.

If you’re now faced with a large tax liability after the end of the year, there’s nothing you can do about it. Whereas if you are aware of the situation beforehand, then there maybe avenues that you can follow to reduce your tax liability. We are not registered tax agents and cannot give guidance in such matters, so you need to speak to your accountant.

We’ll look at your bookkeeping and assess your requirements. It’s not uncommon for us to find some major savings for our clients. Contact us today for more information.

Everyone’s talking about the Government’s economic stimulus package. If you paid tax in the year 2007-08 and eaarned less than $100,000 you could receive a $900 cash bonus from the Australian Government

Maybe you are like a number of small business operators around Robina and Burleigh that still haven’t lodged their tax return. You need to make sure that it’s lodged by 30 June 009 to qualify for the rebate.

We’ve spoken to a number of clients already, and noticed an increase in bookkeeping enquiries, as everyone scrambles to ensure that their bookkeeping is upto date so they can lodge their tax return.

If people use the tax bonus cheque to pay outstanding bills, clear credit cards, or add to their mortgage repayments, then how does that stimulate the economy?

There will be some folk who really need to buy the latest play station, or really need to get a blu-ray player and movies on blu ray, so they’ll be stimulating the economy.

Most of our clients are more concerned about cash-flow in their business, and keeping everything moving forward, so some random “consumer spending” to keep the economy moving will be on the bottom of their list

Is there such a thing as a tax-free lunch on the ATO?

Our bookkeeping clients in and around Robina often ask about meals as a tax deduction.

With the new Australian Government Tax- Free Stimulus Package Bonus to $900, how many free lunches would that get?

So if you want a tax – free lunch, then the Australian Government one-off tax-free payments of up to $900 for eligible taxpayers, could be your ticket

As bookkeepers, we can sort out the documentation, set up a bookkeeping system, key the relevant data into an accounting software package, and get all the figures ready for your accountant or registered tax agent to then assist you with lodging your tax return. Contact our mobile bookkeeping service now to get your bookwork up to date.

We often get calls from bookkeeping clients requesting a bookkeeper to sort out their bookwork and get them upto date so that they can lodge their tax returns. Read the rest of this entry »

Quarterly BAS due 28 April 2009
No sooner have we finished lodging BAS for the December 2008 Quarter, to find the January – March 2009 Quarter now due. Contact us for HELP

Third Quarter BAS
Most businesses submit quarterly, and the 1 January – 31 March 2009 (Quarter 3) BAS is due 28 April 09 for lodgment and payment with the Australian Taxation Office (ATO).

A new client contacted us out of desperation. Struggling to prepare all the documentation for the Business Activity Statement, she could not get the figures to balance.

We suggested she email us the MYOB data file, so that we could get a clearer understanding of where she was at with her bookwork. Contact us for HELP

“I had trouble with my MYOB files and contacted Carol and her team and they were just excellent.
They listened and then explained what they could do to help.
Everything was done speedily, efficiently and most of all cost effectively.
They emailed me how to send my files and worked on them that day!
Most of all “they listen” and don’t treat you like a dummy!
It got me out of a potentially tricky situation and literally saved the day!
Thanks Carol.
Liz Bird”

“Thanks Carol. You’re a legend!
Cheers, Nick
youshop247.com.au”

Monthly BAS
If your business submits the (BAS) Business Activity Statement monthly, then 21 March 09 was the due date for lodgement and payment of the February 2009 monthly activity statements

Superannuation Guarantee Contributions
Also on that date are due the Quarter 3 Superannuation guarantee contributions (1 January -31 March) contributions to be made to the fund by this date.

If you are struggling to complete your BAS form, contact our team of Robina Bookkeepers for HELP