This is a remote seminar held via the Webinar.net platform, a recording will be made available for up to 12 months, please follow the prompts in your login details email.
This is a 3-part series running from 12.00pm - 1.30pm AEDT on Wednesday 12 February, Wednesday 19 February & Wednesday 26 February.
There are still many areas of misunderstanding and confusion in regards to interpreting and reporting GST, particularly where items go in a BAS as well as the specific other tax disclosure and reporting requirements pertaining to a range of other tax compliance obligations requiring disclosure in the BAS.
A significant contributor to this confusion is the fact that the regulatory and compliance framework for GST and other tax obligations are subject to continuous change, clarifications and updating. Therefore it is essential that up-to-date knowledge is maintained and applied correctly as part of the BAS reporting and disclosure and record-keeping process.
This seminar is designed to provide attendees with a broad understanding of the fundamentals of BAS disclosure and reporting with due regard to more recent taxation developments.
Topics covered
- GST registration requirements
- GST fundamentals, including supplies and acquisitions
- BAS disclosure when accounting for GST on cash or accruals method
- Identification and disclosure of capital acquisitions and non-capital acquisitions in BAS
- Identification and disclosure of exports and other GST-free supplies in BAS
- Timing rules for paying GST and claiming GST credits
- Basic process for correcting GST mistakes
- Reporting and paying GST annually, quarterly and monthly
- PAYG disclosure requirements in the BAS
- Disclosure and reporting requirements for PAYG withholding and PAYG instalments in the BAS
Learning Outcomes
Attendees will have an understanding of the fundamentals that underpin GST and the BAS disclosure requirements relevant to it and other taxes as they are relevant to BAS agents.
Recommended for
This seminar is recommended for BAS Agents and general tax agents who are responsible for preparation, review and lodgement of BAS.
Meet Your Speaker, Peter Adams
Peter has more than 20 years experience as a tax practitioner, having worked in senior tax management roles in the profession with both KPMG and PwC as well as in commerce. Recently Peter has focused on providing tax consulting and tax training services in the SME market.