I am about to go to the accountant tomorrow for our businesses 05/06 end of financial year tax return - we have been paying (or receiving) GST we only started business in March this year - our end of financial year profit/loss shows we have ended up in a $30,000 loss (due to set up costs etc) I am having an accountant do our tax for us but Im wondering if we should expect a tax return or if we should expect to pay,,, all our GST quarterly BAS statements show we have paid more GST in the given quarter than we have paid except this quarter we have to pay $250 this is the first time we have had to pay (so business is picking up) - basically my question is should we expect to pay or receive tax from our return?
http://www.taxbackaustralia.com.au/... |
