AIMS AU

info@aimsaustralia.com.au 1300 112 467

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GST Management

The GST, or the Goods and Services Tax, is a value added tax of 10% on most goods and services in Australia. Most of the time, registered businesses will include GST in their sales and tax invoices that they give to their customers. These businesses are often able to claim back GST on any items purchased through their BAS statements.

The GST system is a complex and confusing one. It is one of the most important facets of taxation in Australia for companies that are considering pursuing new business ventures, structures, developments, or merger and acquisition endeavours. 

As the GST is a transaction-based tax, GST management is an essential day-to-day matter that every business must take into consideration. In fact, every transaction includes the GST that comes with it. No matter how big a business is or what industry they’re in, the ATO expects all businesses to implement effective financial processes and use adequate finance systems and controls to meet their GST obligations.

For this reason, AIM S Australia ensures its staff are continuously up to date on all GST changes, allowing us to offer accurate advice and GST management services.

Dealing with GST can be a difficult process that can understandably get confusing. But you have nothing to worry about when working with our GST management experts, who have many years of experience taking care of these issues. We’re able to offer expert advice on the implications of GST for your business and help you with day-to-day GST management requirements.

Our GST Management Services

The GST management services we offer include, but are not limited to:

  • Advice on registering for GST, and preparing and lodging ABN and GST registration documents for new local and international businesses
  • Designing and implementing compliant GST models
  • Preparing and lodging Business Activity Statements (BAS) for both local and international businesses, as well as filing and amending BAS returns
  • Filing and adjusting GST returns
  • Providing GST related advice and opinions in ambiguous areas of the law
  • Helping businesses to structure their departments and their supply chain to reduce the likelihood of incurring any unrecoverable GST costs
  • Providing guidance when dealing with GST issues in regards to proposed merger and acquisition activities
  • Structuring both local and international contracts, transactions and cross border activities to reduce GST and customs duty expenditures
  • Handling matters with the ATO, such as ATO reviews, ATO audits, acquiring GST refunds, and reducing penalties and general interest charges
  • Comprehensive analysis of your business’s data to identify GST related opportunities, compliance concerns, and other process related issues 

Get Expert Help with GST Today

If you’re searching for an accounting firm in Melbourne that provides comprehensive and affordable GST management services, look no further than AIM S Australia. No matter what your GST management requirements are, we can help you. Get in touch with us today by calling 1300 112 467 or sending us an online enquiry.

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