Bas Myths and legends
While the Business Activity Statement does not carry the romance and drama of an Ancient Greek tragedy, there are still many misconceptions
Purchases you should NOT include in your BAS!
Your business may make thousands of purchases within each BAS reporting cycle. However, this does not mean you simply write one eleventh of
BAS. THE GOLDEN RULES!
If your businesses revenue is over $75,000 you need to register for GST and complete Business Activity Statements on an annual, quarterly or