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Tailored Accounts Sharing Is Caring

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Tailored Accounts Sharing Is Caring To all Tailored Accounts Customers & Friends, The current pandemic of Coronavirus crisis is once in a hundred years, so it isn't surprising that people and businesses are panicking! None of us including our parents got this experience in their lifetime! Tailored Accounts was incorporated in 2008, right in the middle of the global financial crisis. However, we believe that the economic crisis back then didn't really hit Australia hard, this time it will! We strongly believe that working together is the only way to survive. Back in 2008, we were involved in many small…
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Simpler BAS and implications on businesses

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Business Activity Statements (BAS) reporting has often been a time consuming and complex process for many small and medium enterprises (SMEs) since goods and service tax (GST) was introduced in 2010. The Australian Taxation Office (ATO) is introducing Simpler BAS for SMEs to reduce the reporting burden. If your annual turnover is less than $10 million, you will report GST on Simpler BAS (unless you report GST by installment). SMEs who use Simpler BAS will be required to report for the following fields only; G1 Total sales 1A GST on sales 1B GST on purchases In other words, SMEs are…
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Tailored Accounts Pro Bono Service Announcement

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The start to our summer has been filled with news of the severe damages caused by drought and bushfires. Fires have ravaged more than 10 million hectares, taking lives, destroying homes and impacting wildlife - leaving behind devastated families, communities and landscapes. At Tailored Accounts, we have made a number of collections at the end of 2019 and, thanks to the generosity and kindness of our staff and friends, have been able to donate to our brave firies. In the aftermath of this unprecedented bushfire crisis, Tailored Accounts believed that we could contribute more to our communities. We are delighted…
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Simpler BAS and implications on businesses

  • Read: 37 times
Business Activity Statements (BAS) reporting has often been a time consuming and complex process for many small and medium enterprises (SMEs) since goods and service tax (GST) was introduced in 2010. The Australian Taxation Office (ATO) is introducing Simpler BAS for SMEs to reduce the reporting burden. If your annual turnover is less than $10 million, you will report GST on Simpler BAS (unless you report GST by installment). SMEs who use Simpler BAS will be required to report for the following fields only; G1 Total sales 1A GST on sales 1B GST on purchases In other words, SMEs are…
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