At a glance:
Accurate, up-to-date financial information is critical for a business. With accounting, the business owner can make informed decisions that will be most lucrative in the long run.
Journal 1 provides full function bookkeeping, and accounting service for business to keep the business transactions, analysis the records and assist business to fulfil its legal and tax liability.
We also provide consultation to clients who do bookkeeping themselves.
Click here to book an appointment for a bookkeeping consultation.
The Australian Business Number (ABN) provides a single identifier when dealing with the tax office or other government departments and agencies.
You will need an ABN if:
You are a company registered under Corporations Law in Australia or a business entity carrying on an enterprise in Australia AND
Businesses use activity statements to pay and report various tax obligations, including FBT instalments, PAYG (instalments and withholding), GST, and related tax obligations. They also use activity statements to pay deferred company and superannuation fund instalments. Individuals use activity statements to pay quarterly PAYG instalments.
Lodgement of your Business Activity Statement (BAS) is required by law. It has to be lodged to the ATO monthly or quarterly depending on your annual turnover.
Click here to book an appointment for more information about BAS lodgement.