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PBD are an expert and trusted tax accountancy and advisory firm. We offer a range of services and advice to assist with the growth of you and your business.
05/03/2025
IMPORTANT GST UPDATE FOR SMALL BUSINESSES WITH A HISTORY OF POOR COMPLIANCE
Starting March 2025, the ATO will transition some small businesses from quarterly to monthly GST reporting if they have a history of noncompliance. This comes into place on 1 April 2025. This change aims to help businesses stay on top of their tax obligations with more frequent reporting.
Who will be affected?
Businesses with:
✔️late or missed GST payments
✔️consistently late lodgments
✔️ inaccurate tax reporting
What does this mean?
✅ affected businesses will receive written notice from the ATO
✅ after 12 Months of compliance, they can request to return to quarterly reporting
✅ businesses can object if they believe the decision is unfair
For more details, visit the ATO website - https://rb.gy/wcmxt4
or contact PBD to discuss this with our team - [email protected] | 8365 7444
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Address
1/636 Lower North East Road, Campbelltown
Adelaide, SA
5074
Opening Hours
| Monday | 8:45am - 5:15pm |
| Tuesday | 8:45am - 5:15pm |
| Wednesday | 8:45am - 5:15pm |
| Thursday | 8:45am - 5:15pm |
| Friday | 8:45am - 5:15pm |
