The GST affects all aspects of a SME's operations, transaction by transaction. In the vast majority of cases, the GST will have a straightforward and neutral effect for businesses. The GST collected from customers will be remitted to the ATO and the GST paid to suppliers will be claimed as input tax credits. However, in a minority of cases, the GST can be complex and a significant cost if not managed proactively.
This event provided attendees with the tools needed to first identify potential problems and then manage these towards a solution. This included straightforward practical tips which can save both SMEs and their advisors significant costs and stress in this specialist area.