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“Irena is a highly capable, talented and diligent bookkeeper”
Carlo Garofali, BE (Civil), DipLaw (LPAB), MIEAust CPEng - Nepean Concrete Industries
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“Irena came to the rescue when my accounts were a mess... I would highly recommend her”
Don Shields - Castle Hill Music Centre & Music School
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“Irena was able to get our books sorted and kept them that way, giving us more time to focus on our business”
Gary Little (BPharm) - Little Pharmacy Services
Castle Hill Bookkeeping Discovers that Most BAS Forms Are Wrong
Is it actually possible that 80% of all Business Activity Statements (BAS) aren’t completed correctly? Here at Castle Hill Bookkeeping, we discovered that according to the ATO (Australian Taxation Office) this figure is an estimate they came up with regarding BAS.
Some small business owners think that bookkeeping isn’t actually an investment but instead is just another expense. This means they are doing their BAS themselves, even though they may not actually have the time or skills to complete their BAS accurately.
Clients use our professional bookkeeping services because they’ve tried doing their BAS themselves and know how time consuming and stressful it can be. By getting their bookkeeping undertaken by Castle Hill Bookkeeping, their paperwork will stay up to date and their lives remain stress free. And, they can focus on building their business.
We speak to clients that are not clear on what it actually takes to run their business in regards to the financial side of things. They are just happy to make money and keep the bills paid. When they receive their BAS form, they take a guess at what should be in what spot and figure it will all just fall into place when the end of the financial year arrives. However, the ATO requires these BAS reports in the hopes that small businesses will take the initiative to actually record their activities and keep everything in order.
You can’t simply leave it all on your accountant’s shoulders when the financial year is over because by then it’s much too late. If you are slammed by a huge tax liability after the financial year is over, you’re pretty much stuck with it. You should really take the time in advance to prepare yourself and take the necessary steps to limit your tax liability. We don’t give tax advice but strongly recommend you speak to your accountant about it.
If you need bookkeeping services in Castle Hill, Baulkham Hills, Bella Vista, Norwest or surrounding areas, call Irena at Castle Hill Bookkeeping today on 1800 733 497. We can help you save time, money and stress.
