BAS and GST record keeping tips

How to keep records for your BAS and GST:
  •  Always Keep receipts and records of all sales, fees, expenses, wages and other business costs to claim
  • Keep records in order and very appropriately like stocktake records and if you used motor vehicle so keep logbook
  • Reconcile sales documents with related bank statement
  • Use appropriate GST accounting method
  • If ABN (Australian Business number) not provided 
  • Keep all your tax invoices in order from last five year to till financial year

For more information on online tax return 2020, Tax Return 2020, myGov 2020, myTax 2020 or any other tax related matter, please call our professional accountant on 1300 768 284 or you can email us at enquiry@taxrefundonspot.com.au

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