Well hello again!
As you know, my mantra has always been “It’s not what you make that counts, it’s how much you keep!” So, with the 31st of March upon us I thought it appropriate to reflect on BAS reporting and tax payment planning, planning that I believe ought to ensure you face no big surprises and tax liability, ever.
Many businesses manage their tax reporting on a quarterly basis, certainly a whole lot better than facing an annual meltdown. However, we here at One Agency corporate have chosen to report monthly, ensuring a much stronger and more balanced cash flow throughout the year. After all, almost everything else we incur charges for are handled on a rolling monthly payment plan, why not tax?
Just a thought. Of course, tax reflects income, so best I leave you to get on with what’s important; listing, selling, tenanting!