The ATO determines the due date for your tax return based on a number of factors, including: are you completing your own tax return; have you appointed a tax agent... read more →
When you operate your business as a sole trader, any tax you have to pay on your business profits is included in your individual income tax return. The amount of tax... read more →
If you don’t pay the full amount owing on your BAS by the due date, the ATO will charge you interest on any unpaid amounts. This can add up pretty... read more →
There are a range of things that might be reported on your Business Activity Statement, including: GST – this includes GST you have collected as well as GST you have... read more →
You will be required to lodge a Business Activity Statement to report the GST you have collected and paid. This can be lodged annually, quarterly or monthly depending on your... read more →
If you meet the criteria and are required to be registered for GST and you don’t register, the ATO can impose penalties including: backdating the registration to the date you... read more →
There are a few ways you can update your GST registration as follows: Via Online Services for Business Via Phone – by calling the ATO on 13 28 66 Via... read more →
As a general rule, all business owners to register for GST when their annual turnover reaches $75,000 (unless you are in the rideshare industry, where you must register straight away).... read more →
To find copies of your past business lodgements with the ATO, you will need to log into ATO Online Services for Business using your myGovID as follows... STEP 1: sign... read more →
To update your business' details (partnerships, trusts, companies, SMSF's) with the ATO, you will need to log into ATO Online Services for Business... STEP 1: sign into onlineservices.ato.gov.au/business/ click ‘Login’ sign in... read more →