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

Small Business COVID-19 Adaption Grant Program 25 June 2020

  The objective of this program is to support small businesses subject to closure or highly impacted by the coronavirus (COVID-19) shutdown... READ MORE

Time for Tax Planning 22 May 2020

Want to save on tax ...   It's time to act The purpose of this newsletter is to highlight each of the tax planning... READ MORE

Happy Clients 07 May 2020

These guys have saved my bacon during covid19. Took a lot of the stress out of being self employed and parked up due to lockdown.Not only reduced my... READ MORE

“We are extremely grateful for the help and guidance provided by Jaeneen Cunningham at Etairos Finance in acquiring finance for the purchase of our franchise. ” more testimonials

Graeme Stanyer, Upper Coomera

Call  1300 55 22 30  now