ATO Notes Need to Review GST Turnover to Ensure the Right GST Reporting and Accounting Methods are Used

The Australian Taxation Office (ATO) has issued a notice on the need to review GST turnover to ensure that the right GST reporting and accounting methods are being used.

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Time to review your GST turnover

If you've had success in growing your business, check you're using the right GST reporting and accounting methods.

We've noticed some businesses haven't updated their GST reporting and accounting methods after exceeding the relevant thresholds.

If your business has a GST turnover of…