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Hi,
My partner and I recently started out in a turf laying business. We are contracted work by a turf supplying company, he then pays the boys a gross income as they are running under an ABN like us.
We are not particularly well off and we don’t make a profit, just a living.
I’m just wondering if there is anyone that is willing to offer a bit of beginners advice on how and where things need to be lodged in regards to BAS, Tax Returns, etc ? I’m not needing someone to do it for me, just rather guide me.
Any help would be sincerely appreciated and I understand it is only an opinion, not professional advice.
Kind regards,
Louise

7 years ago

Responses

Todd Corderoy

Current Rating: 4.97 / 5

Accountant

Wangara, WA

7 years ago

Hi Louise,

Sorry, but the best advice to keep your costs down is to speak to your accountant and get the right advice early. If you don’t have one, get one.
A little cost now may save you a large amount down the track.

Ronald Pratap

Current Rating: 5 / 5

Financial Planner

Oran Park, NSW

7 years ago

Hi Louise,

I agree with Todd,

Spending money on a Professional to assist you with this will save you alot of time, headache and potentially stop you from making a mistake which may cost you thousands of dollars especially if you don't pick it up early and do this over several years.

You may see it as an unnecessary expense, however if it can work you should put it in your fixed expenses.

regards,

Ron