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Goods And Services Tax Accounting Services Perth

MKM Accountants provides goods and services (G&S) tax accounting services that ensure applicable businesses meet their GST reporting and taxation obligations.

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GST Accounting and Tax Compliance

Goods and services tax (GST) is a 10% tax that applies to most goods, services, and consumer items that are sold or consumed in Australia. Individuals (sole traders) and businesses in Australia with an annual revenue turnover of more than $75,000 must register for GST. Registering for GST enables applicable businesses to charge GST on sales and claim GST credits on purchases that are made for business.


Registering and charging GST is just one part of the equation. Once a business or sole trader is registered for Goods and services tax, they must:


  • Issue tax invoices that include specific details about the business and the goods or services being sold.
  • Lodge Business Activity Statements (BAS) and report and pay GST that is collected (this may be monthly, quarterly, or annually depending on the turnover and financial situation of the business).
  • Claim credits for GST on businesses purchases ($82.50 minimum purchase amount)
  • Keep accurate records of sales and business expenses

Testimonials

GST Accounting Services Perth

Our GST accounting services in Perth cater to businesses of all sizes and at all stages of business, including:


·  Registration for GST
Business Activity Statement (BAS)

·  Ensuring GST compliance

·  Avoiding late lodgement penalties

·  Accurate record keeping


Our GST accountants understand the intricacies of GST reporting and compliance and ensure that your business records remain accurate, up to date, and you are paying and claiming the correct credits on sales and purchases.

Our Accreditations & Awards

Certified Chartered Accountants

Tax Practitioners Board Registered

Certified Chartered Accountants

We are chartered accountants recognised through our membership to Chartered Accountants Australia and New Zealand (CA ANZ). As registered Chartered Accountants, we are “Difference Makers” with a complete range of skills and expertise that goes beyond basic accounting certification.

Xero Bronze Partner

Tax Practitioners Board Registered

Certified Chartered Accountants

Our work across multiple accounts has afforded us Xero Bronze Partner status, which entitles us to all of the software and support given to Xero partners. Our Xero Bronze Partner status provides our clients with enhanced support and access on the accounts that we manage. 

Xero Certified Advisor

Tax Practitioners Board Registered

Tax Practitioners Board Registered

Our Xero Certified Advisor status means that we are certified to provide accounting and bookkeeping services on the Xero platform for our clients. Gaining and maintaining certification reflects our expertise on the Xero platform and ensures we deliver the best service to our clientele.

Tax Practitioners Board Registered

Tax Practitioners Board Registered

Tax Practitioners Board Registered

We are Tax Practitioners Board Registered. This certification shows that MKM Accountants are members of the independent regulatory board in Australia that is responsible for registering and regulating all tax agents and Business Activity Statement (BAS) agents. 

Contact Us

Phone Number: (08) 8911 0969

Email: admin@mkmaccountants.com.au

Where We Service:

Perth, Western Australia, Australia

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Other Business Accounting Services

→ Monthly And Quarterly Reports


→ Small Business Accountant


→ Bookkeeping


→ Small Business Bookkeeping


→ BAS Agent

→ Payroll Processing


→ Cloud Accounting


→ Financial Reporting


→ Fringe Benefits Tax


→ Payroll Tax

→ Cash Flow Management


→ Business Structures


→ Bank Reporting


→ Loan Structures


→ Carbon Accounting ESG

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The ATO have recently released Taxpayer Alert 2024/2. The ATO are concerned with taxpayers who attempt to circumvent the operation of Division 7A by the use of an interposed entity and guarantees.

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As of June 2023, there are 594,334 Self-Managed Superannuation Funds. These vehicles are popular as more people want control over where their future or current retirement funds are invested. 

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