Understanding GST with your small business Accountant
Do you need help understanding the general tax rules when it comes to running your small business? To help you understand GST, we have summed up the general rule of paying GST in your invoices for you.
Essentially, if your business is registered for GST and you apply 10% GST to your invoices you are also entitled to claim back any GST that you pay on your business. The GST you collect as part of your invoices minus the GST you pay in your expenses is the amount you must pay the tax office each quarter. It’s also vital to keep your expense receipts for your small business Accountant.
A small business Accountant in Sydney can help you understand how the process works to ensure you make the most of your tax benefits. For all your small business Accounting needs, please consider M.A.S Partners.