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GST ALERT: |
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When GST was
introduced one of the main priorities was to ensure that an appropriate
system was in place to deal with the GST. Unfortunately
no matter how adequate any system is, it is only as good as the person who is
actually inputting information into the system. For example, if a taxable
supply is incorrectly treated as GST free it will be processed as GST free. GARBAGE IN EQUALS
GARBAGE OUT Despite this,
if it is subsequently discovered GST has been incorrectly handled who is
likely to get the blame? The
Accountant! It
gets worse! For those
Accountants who have been adventurous enough to compile Business Activity
Statements (BAS) for your clients, and indeed, for those clients who compiled
their own BAS, they are sitting on a time bomb! When any of
these businesses are subject to an ATO GST Audit any underpayment of GST
arising, the business will invariably attempt to blame someone. VALUE ADDED Why not
undertake your own due diligence GST check, and obtain a Report which
highlights any inconsistencies and discrepancies.
SMALL BUSINESS GST
AUDIT SURVIVAL KIT This is not an
accounting system. It does not compile a BAS. The KIT is a
computer program comprising a series of questions with a simple YES/NO
response. Your client only answers relevant questions. That is, even though
there are over 500 combinations the only 'visible' questions etc are those
which are relevant. For example, if your client does not deal in GST free
supplies, this chapter will be completely skipped. Where your
response is not in accordance with the GST law or is inconsistent compared to
other responses made, the KIT will advise "You have acted
incorrectly". A Report will
be generated highlighting the question to which an unfavourable response has
been generated, plus any comments which you may have been requested to
insert. The Report can
than be examined in more detail by yourself by having in the KIT a specific
reference for the Report to be forwarded to your accounting firm. It is
imperative your Accountant does not compile the KIT you must do so yourself
otherwise you will not benefit from their insight (or lack of it) into how you
understand the GST and your business. Note, each KIT
has been programmed so it cannot be used on multiple occasions. TIMING IS EVERYTHING With the first
year of GST rapidly approaching plus the commencement of ATO GST Audits, now
is the ideal time to introduce this facility to your clients. COST While there has
been an enormous amount of time etc gone in to developing this product, the
concept is to keep its recommended retail price (including GST) to your
client at a reasonable level so, not only is it affordable but, will sell in
sufficient numbers. Therefore the
recommended retail price, that is, the price to your clients is $49.50
including GST. The price to
Accounting firms varies from $29.70 to $39.60 including GST which gives you a
reasonable margin.
ORDER FORM Attention: ................................... Company Name: ................................... Address: ................................... Phone: ................................... Fax: ................................... email: .................................... Website: ................................... I wish to order: 1 - 10 copies ........ Copies of KITS @ $39.60 per copy Email or Fax (03) 9379-8661 your order through for prompt reply! |