#EveryoneNeedsaPlan To Get Business Invoice Correct

If you are running a business, and are entitled to claim GST paid on goods and services received by your business, you need to ensure any Invoice for  payment is compliant with ATO guidelines or the GST will not be claimable.

If you are registered for GST then the Invoice received must be called a 'Tax Invoice', providing your supplier is registered for GST.  If your supplier is not registered for GST, their Invoice must not include the words 'Tax Invoice', and you cannot claim any GST on the payment.

If you are uncertain about your GST obligations it is recommended you seek advice from a suitably qualified tax adviser.

Vicky McKinnon is a registered BAS Agent with over 15 years experience as a Bookkeeper and Financial Control and is able to coordinate these services for McKinnon Financial Planning's Total Service Clients, including GST obligations of BAS Lodgements, so do not hesitate to contact us and arrange your free initial appointment to discuss your financial requirements.