Designed to start from the basics, this workshop will take you step-by-step through the processes required to complete a business activity statement (BAS) and give you confidence in using the streamlined BAS reporting options. The session will finish with a number of case studies so you can practice your new-found skills.
Key topics covered:
- basics of GST
- introduction to the BAS form
- calculation options for GST
- pay as you go (PAYG) withholding
- PAYG instalment
- fringe benefits tax (FBT) instalment
- other labels on the BAS
- calculation of net liability
- tips and traps
By the end of this workshop, you will learn how to calculate:
- total sales in a tax period – for monthly, quarterly and annual reporting
- GST collected on supplies and paid on purchases (monthly, quarterly and annually)
- PAYG withholding
- varied PAYG instalment methods
- varied FBT instalment amounts
You will be shown:
- the lodgment requirements for monthly, quarterly and annual GST payers
- the difference between cash and non-cash accounting
- options for PAYG instalment payers
- what information needs to be included for small, medium and large withholders on the BAS
To ensure you get the most out of your participation in this workshop, you will receive a course manual covering the issues, theories and points discussed during the workshop. It also includes a number of case studies which will allow you to practice completing BAS.
Technical (competent)