ALERT: New Requirements for GST Withholding
Knowing your business dots all the “i’s and crosses all the t’s” is important for all business owners. At Adrians, we know that you want to enjoy life and we’re pretty sure that you don’t enjoy bookkeeping. We can help to liberate you from tedious numbers and repetitive processes. To help you, we note that the government has recently made changes to the process for remitting GST for new residential property and proposed residential land, commencing July 1,
After July 1, buyers will be given notice for how GST is collected and paid following settlements for contracts entered into after July 1, 2018.
This article by Luke Hefferan covers the notice requirements and how you can better prepare for the changes coming.
If you require assistance with your bookkeeping, we can arrange that for you; enabling you to spend more time with the ones you value most.
If you are unsure about the changes, feel free to give your Client Manager a call on (07) 3832 7544.