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Showing posts from February, 2025

Best Practices for Staying on Top of Your BAS

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  Business Activity Statements are one of the crucial factors of tax compliance for every business in Australia. BAS returns can help companies report their Pay-As-You-Go (PAYG) instalments, Goods and Services Tax, and other taxes. Late GST payment or BAS lodgment can lead to fines or penalties from the Australian Taxation Office (ATO). The due date for your October-December business activity statement is approaching faster. Keeping up with BAS reporting is crucial to avoid penalties, and seeking help from experienced BAS agents ensures accurate lodgment.  For Information Read Blog:- Best Practices for Staying on Top of Your BAS

What is the Tax Free Threshold in Australia?

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  Before submitting a tax return, you must be well aware of your income that is exempt from taxation. This blog will help you learn about the fundamentals of tax-free thresholds. The term ‘tax-free threshold’ indicates an annual income of an individual that doesn’t require them to pay tax on it. Even though not everyone has to worry about taxes if they have enough knowledge regarding tax matters and possible concessions or deductions they are liable to claim. In this blog post, we’ll shed light on the tax-free threshold and other aspects related to it. For Information Read Blog:- What is the Tax Free Threshold in Australia