It’s not uncommon for people to make errors regarding GST and, as bookkeepers, we see a lot of these mistakes when reviewing clients’ accounting software setup.
We’ve listed the top 10 most common GST mistakes below.
For clarification on any of these points, or to verify your GST reporting, contact one of our friendly team members – we’re happy to help!
As a small business owner it’s important to develop good record keeping habits and avoid unnecessary mistakes.
Ensure you take time to stay up to date by reading the bulletin from the ATO when it comes with your quarterly BAS, instead of throwing it straight into the bin. The ATO also hosts free webinars from time to time.
If you find all this too time consuming or too difficult, the best way to ensure that you prepare your BAS correctly would be to engage Bizwize who are qualified BAS Agents.