Do I Need to Register for and Pay GST?

There are two scenarios in which you may register to collect and pay Goods and Services Tax (GST) in Australia: You are required to. You do so voluntarily. When You Are Required to Register for GST The rules governing whether are you required to register for GST are...

What is Pay As You Go (PAYG) Withholding Tax?

Pay As You Go (PAYG) Withholding is a system in which business owners make tax payments throughout the year on behalf of employees, contractors and other payees. By making partial payments during the year, there is less likelihood of the payees being lumped with a...

What is Pay As You Go (PAYG) Instalment Tax?

If you own a business you may need to pay income tax during the year much like an employee pays tax from their salary or wage. This tax system is called Pay As You Go (PAYG) Instalments. Before we go any further, it is important to understand that Pay As You Go (PAYG)...

What is a Business Activity Statement (BAS Return)?

Making sense of your GST and Business Activity Statement (BAS) obligations is not easy. Even the most seasoned business owners find it confusing. This article should help you understand what kind of BAS returns are suitable for your business and how often you need to...