WebbBAS and IAS Journal Entries Hi There, I was hoping someone can confirm for me what the the correct journal entries are for the following situation: BAS June Qtr:- GST Collected: $90,000 GST Paid: $99,248 PAYG TAx Withheld: $3,118 Net Refund: $5,912 IAS July:- PAYG Tax Withheld: $5,398 Accountant advised not to pay the ATO. WebbMake sure you have the correct GST reporting option ( cash or accrual) set up in your Xero file, matching your GST registration with the ATO The GST reporting option in Xero has been changed since the last BAS was filed There is a date mismatch on bills or invoices.
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Webbprepare both business activity statements (BAS) and instalment activity statements (IAS) for a range of legal entities that comply with: Australian taxation law, Australian Taxation Office (ATO) rulings, Tax Practitioner Board (TPB) requirements and any lodgement schedules. accounting principles and practices. WebbForms and instructions. You can find our most popular forms listed here, or refine your search options below. Make sure you click the ‘apply filter’ or ‘search’ buttons after … python lte
Business activity statement business.gov.au
WebbBefore you start, confirm that the Prepare Tax Form and Prepare Activity Statements options are selected in the client record. These options determine whether you can create tax returns and activity statements for the client. Retrieve an activity statement from the ATO. From the Clients menu, select the client to create an activity statement for. Webb6 dec. 2024 · Your IAS is a printed form that the ATO mails in advance of your due date. There is not currently an online application form. After completing the process a few … Webb7 jan. 2024 · Definition of a financial instrument. A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity (IAS 32.11). ‘Contract’ and ‘contractual’ are an important part of the definitions in the realm of financial instruments. python lti 1.3