Etairos Accounting and Finance
we guide you to a better future
Etairos Accounting and Finance
Strength in Numbers
Interested to know how an SMSF
can work for your future?
Are you looking for something better from your
Accounting and Finance experience?

March Business Activity Statements

Added on by

Business Activity Statements (BAS) – Period Ended 31 March 2018

The current BAS quarter ends on 31 March 2018, so there is just on a week to finalise transactions for the quarter. For clients recording transactions on a cash basis, GST input credits on payments made on or before 31 March can be claimed in this quarter, but if paid on 1 April or after will fall into the next quarter – so a 91 day delay in the BAS claim when paid potentially just 1 day late.

Similarly, clients on an accruals basis who order/are invoiced for purchases before 31 March will have the same benefit. Similarly sales receipts banked (cash basis) on or before 31 March or sales recorded (accruals basis) on or before 31 March will fall into the current quarter, whereas transactions delayed to 1 April or later will fall into the June Quarter and GST obligations delayed by that 91 days again.

Every little bit helps with your cash flow!

Latest from the blog

Home loans for self-employed 01 August 2018

As a self employed borrower, the Structure you present to a potential lender can vary greatly from a simple sole trader to complex groups involving... READ MORE

A guide to borrowing to build your new home 11 June 2018

Building a brand-new home has long been a dream for many of us. To make that dream become a reality however, most of us will... READ MORE

Budget 2018 09 May 2018

  The Federal Treasurer, Mr Scott Morrison, handed down his third  Budget last night - 8 May 2018. Mr Morrison said the Budget is... READ MORE

“I'd just like to state how awesome Jaeneen and Etairos are. I stupidly attempted to get my current bank to supply finance for another property. After 2 weeks of messing me around, I gave up with them, and Jaeneen comes to the rescue and within 5 days has it all done and approved. I will NEVER go anywhere else!” more testimonials

Roger Chappell, Brisbane

Call  1300 55 22 30  now