YOU NEED TO KNOW ABOUT FULL XERO SETUP & CATCH-UP BOOKKEEPING SERVICES:
By having a proper accounting system, you will be able to find out who owes you money, how overdue these debts are and the necessary actions required to take to collect any overdues. This will give you clarity in terms of next steps.
The most important thing to understand about completing your business activity statement (BAS), is the definition of each label, and what should be included. It is of paramount importance as the Australian Taxation Office (ATO) will match this yearly against the annual returns, and any discrepancy may trigger a review.
Working with a BAS Agent will give you access to an extended lodgement date under the BAS Agent Lodgement Program. This provides you additional time to review activity statements, but also to be able to work with a professional to get a ‘second-eye’ over your accounts.