Achieving BAS Compliance Excellence: A Practical Guide for Australian Businesses.
This course aims to equip participants with a comprehensive understanding of Goods and Services Tax (GST) compliance in Australia from the BAS perspective. It covers the fundamental aspects of GST in Australia, including the current GST rate, registration, and reporting requirements for businesses, as well as the common challenges faced by businesses in meeting GST compliance standards, such as record-keeping and timely payment.
The course also delves into the evolution of the GST system in Australia, detailing the changes made to the GST rate, exemptions, administration, and compliance requirements over time. It further discusses the application of the GST system for different types of entities, including sole traders, partnerships, trusts, and companies.
Participants will also gain insight into income tax and corporate tax in Australia and learn how these differ from GST. The course explains how to calculate GST, including identifying taxable supplies and calculating GST payable and input tax credits. Moreover, the course covers recent changes to GST law in Australia, including new requirements for overseas businesses selling digital products and services to Australian consumers. Participants will learn about the components of a Business Activity Statement (BAS) form, including the GST section and other tax and obligation-related areas.
With a focus on providing businesses with a comprehensive understanding of their tax compliance obligations in Australia, the course covers topics such as Single Touch Payroll (STP), Pay As You Go (PAYG) withholding, Fringe Benefits Tax (FBT), and the BAS.
By the end of the course, participants will have a comprehensive understanding of their tax compliance obligations and how to stay up-to-date with the latest regulatory requirements in Australia.
With over 20 years of practical experience in accounting and finance across a variety of industries in Australia, including not-for-profit, manufacturing, and wholesale/distribution, I am a highly skilled CPA-certified accountant. Holding a Master's degree in Accounting and a post-graduate diploma in Applied Finance, I have a solid background in both financial accounting and management accounting, with experience in accounting/finance/ERP system migration. Apart from implementing and maintaining accounting standards, systems and procedures, preparing financial reports, and performing an extensive range of accounting tasks, I also focus on sharing my financial/accounting knowledge by mentoring junior finance staff and providing essential financial knowledge training to non-financial stakeholders in the organization I work for.
Podcast Host | LearnFormula
Sports commentator and TV host. Winner of 2018 and 2020 Asian Television Awards (Asian Emmy) for Best Sports Presenter / Commentator. Host and commentator of One Championship, Asia's largest sports media property, broadcast to 154+ countries, Nielsen rated 80+million viewers, Tubular analysis 5.4bn social media views (fourth highest in the world). Olympic Games commentator. Commonwealth Games commentator. FIFA World Cup correspondent. Victoria Premier League Soccer (football) commentator FUTSAL OZ Series Commentator Former host and commentator on AXS TV Network USA. Host of CableFax Award-nominated interview show 'The Voice Versus'. Best-selling author and award-winning writer. Radio host. Commentated on networks including Amazon Prime, BeInSport, NBC, CBS, SyFy, Canal+, Spike, EuroSport, ABS-CBN, Star Sports Select, Fox Sports, Fox 8, Sky, TVNZ, Thairath 32, TV3, Main Event. College Lecturer and public speaker.
