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Showing posts from August, 2019

Why BAS Is Important for Your Small Business?

Is your business set up in Australia? Then it is your responsibility to submit a detailed BAS report to the taxation officer in Australia. This makes available BAS services quite a crucial factor for any business operating in the country. Whether you are an established corporation or a start-up company, you need to get registered for GST and ABN and accordingly submit your BAS reports either monthly or quarterly. Discussed here are the top reasons why you need specialists for BAS services. You Get Saved From Penalties:  The guidelines laid down by ATO clearly state the businesses which fail to lodge their BAS on time, get charged with multiple fines at the same time. For small businesses the fine amounts to one unit of penalty while for the medium ones, the fine doubles. The larger businesses face even more hefty amounts of penalties. An expert looking after the bookkeeping services of your company can save the business from such unwanted expenses. Your Business Gets Tracked