BAS fundamentals 2018 - Workshop

Identifier: 72198333

Duration: 1 day

Language: English

Cost:

Action

Overview

Learn the essentials of preparing business activity statements (BAS) with our expert workshop facilitators. Starting with the basics you will work through the information required to complete a BAS, before practicing your skills by actually completing sample BAS paperwork.

Key topics:

  • Basics of GST
  • Introduction to the BAS form
  • Calculation options for GST
  • PAYG withholding and PAYG instalment
  • FBT instalment
  • Calculate net liability
  • Other labels on the BAS
  • Tips and traps
  • Completing the BAS – group and individual

You will receive:

  • A comprehensive learning manual including practical examples, activities and knowledge checks
  • Presentation slides
  • Invaluable networking opportunities with colleagues over morning and afternoon tea and lunch

Objectives

A. Monthly GST payer and quarterly GST payer – reporting quarterly:

  • Calculate total sales for a business in a tax period
  • Calculate GST collected on supplies and GST paid on purchases
  • Calculate export supplies and other GST-free supplies
  • Calculate capital acquisitions and other acquisitions

B. Quarterly or annual GST payer – reporting annually:

  • Calculate total sales for a business in a tax period
  • Calculate the GST collected on supplies and GST paid on purchases

C. Quarterly GST instalment method:

  • State how the ATO will calculate the GST instalment to be paid each quarter
  • Calculate a varied instalment from information supplied

D. Other BAS or IAS information:

  • Include PAYG withholding information on the BAS or IAS
  • Calculate a PAYG instalment using the ATO instalment rate method or a varied rate
  • Calculate a PAYG instalment using a GDP-adjusted PAYG instalment amount
  • Calculate a varied PAYG instalment amount
  • Calculate a varied FBT instalment

Audience

This course is designed for those in tax accounting roles with responsibility for preparing income tax returns, BAS statements and the preparation of financial statements, whether for an organisation or client.

Please note enrolments close 2 working days prior to the workshop date. Please enrol at least 3 working days prior to the workshop to ensure any dietary and special requirements can be accommodated.

Looking for a customised learning solution for your organisation or team? Contact us today to discuss in-house learning options.

Course Structure

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