Q about ABNs at tax time

[Claire_A]

Do you do your BAS statements online? If you do, you can easily look up this info on the ato website.

[Astrid]

ATO wont be able to help other that what you have submitted to them. Are you able to go back through bank statements and work it out from deposits?

[C~Q]

Ummm, I guess I could go back through bank statements...blahhh that'll take ages lol!

ClaireA...i've never done a BAS...am I supposed to....gees I shouldn't be running my own business!!

[Astrid]

Find yourself an accountant. They will advise you of what you need to do with your business and should be able to help you with any dealings with the ATO.

[C~Q]

I had an acountant and he charged an insane amount...but from what I can gather thats normal. A ffriend of mine is an accountant but....it's hard to explain...he's my friend thats the pathological liar and for some reason I don't trus him. He also said that the ATO would have a list of all my classes through my ABN and if they didn't they would call the "ABN people"...so I really don't trust him. I know he is an accountant but I don;t think he knows much about personal tax.

Guess i'd better just bite the bullet and fork out the cash

[Claire_A]

If your accounts are pretty straight forward you can probably manage your own (I do mine and I'm definitely no accountant!) The ATO website has heaps of info on there regarding what you need to do, and I've phoned them a few times when I've been a bit confused and everyone I've spoken to has been super helpful and friendly. Probably best not to trust your friend just to be on the safe side. When in doubt just give the ato a call. Hope you can manage to work out your earnings, sounds stressful!

[C~Q]

It should be pretty straightforward, hopefully I can do it on my own. I got an accountant to do a P&L once and he charged me $360 :O