‘BAS service’ is a tax agent service that relates to: · ascertaining liabilities, obligations or entitlements of an entity that arise, or could arise, under a BAS provision, or · advising an entity about liabilities, obligations or entitlements of the entity or another entity that arise, or could arise, · or, representing an entity in their dealings with the Commissioner of Taxation (Commissioner). That is provided in circumstances where the entity can reasonably be expected to rely on the service for either or both: · to satisfy liabilities or obligations that arise, or could arise, under a BAS provision, · to claim entitlement that arise, or could arise under a BAS provision.
A ‘BAS provision’ includes: · goods and services tax (GST) law · wine equalisation tax (WET) law · luxury car tax (LCT) law · fuel tax law · fringe benefits tax (FBT) law – relating to collection and recovery only · pay as you go (PAYG) withholding · PAYG instalments.
Our Brisbane bookkeeping BAS service includes, but is not limited to, the following: · preparing or lodging an approved form about liabilities, obligations or entitlements under a BAS provision · dealing with the Commissioner on behalf of a taxpayer in relation to a BAS provision, or · giving a taxpayer advice about a BAS provision that the taxpayer can reasonably be expected to rely upon to satisfy their taxation obligations.
If you run a small company, there is a good chance you started it because there was something you loved or wanted to share with the world. Perhaps it was because you wanted some extra freedom and deviate from the typical 9-5 lifestyle. The point is that you didn’t start a business to spend lots of time doing accounting or bookkeeping work. As a business owner the value of your time is high. Your energy is being wasted if it is put to menial tasks that you don’t enjoy and this can easily detract from your real focus of providing a valuable service to the world and living the life you want. This is where Brisbane bookkeeping BAS services come in.
Our Brisbane bookkeepers BAS preparation services have already helped many small to medium companies get one large step closer to the potential they are capable of. Time is money and when you have to spend your time on grunt work instead of using your expertise in other areas, you are losing money.
It appears to be a good plan to have more time to work on higher priority tasks and do the things you started your company in the first place to do. You may have even considered BAS services before. The problem is often the price, especially when most people will hire someone to do this for them on a part-time or full-time basis.
If you are bootstrapping your way up and are only a one man operation right now, hiring a full-time account is probably out of your reach. Thankfully, for bookkeeping services in Brisbane this is not necessary. It is possible to delegate your accounting and bookkeeping work and the hassle that comes with it without taking on new staff and for a greatly reduced fee.
Now let’s look at some of the specific things you get with bookkeeping services.
Bookkeeping Services Brisbane
“What gets measured gets managed”, is an expression from famous management consultant Peter Drucker. If you want to manage your financial transactions you must measure them. It can be a pain to keep track of everything but when you invest in a company to take care of this for you, you will always know where you stand with your expenses, income, payments, sales and receipts.
This is a tax agent service. Some of the things that come with our Brisbane bookkeeping BAS services, and this is not an exclusive list, are dealing with the commissioner on behalf of the tax-payer, lodging the correct paperwork surrounding liabilities, entitlements and obligations under BAS provisions and giving the taxpayer advice that the person can trust to fulfil their needs.
As you can see there is a great deal to be gained. As well as hiring a professional to do this work for you so you know it has all been done correctly, you will have more free time to focus your energy on important tasks you can use to propel your business to the next level. If you are interested in Bookkeeping services in Brisbane, be sure to go to http://www.boss-services.com.au today.